$6,100,000

559 Sunset Avenue, Venice (los Angeles), CA 90291

10,651 sqft

other
Built in 1964
0.26acre lot
—— car garage
$573/sqft
Listed 1 month ago

Property Description

559 Sunset Ave, Venice, CA 90291 is a prime coastal multifamily asset featuring fourteen units, including five units delivered vacant at close, offering immediate cash flow and substantial rent growth potential. Positioned on an expansive 11,278 SF RD1.5-zoned double lot, the property provides long-term upside through RTI plans for three ADUs and the ability to further enhance value with strategic renovation and modernization. Current rents are well below market, with pro forma projections showing meaningful income growth as units are upgraded and stabilized, driven by Venice's premium rental demand and limited supply. The property is just minutes from Abbot Kinney, Lincoln Blvd, the beach, and major Silicon Beach employment hubs, with walkable access to neighborhood dining, shopping, and recreation. With strong tenant demand, exceptional fundamentals, and multiple value-add pathways, 559 Sunset Ave offers an outstanding opportunity in one of Los Angeles' most desirable coastal submarkets.

Listing Status:: Active
Date Added:: November 3, 2025 at 06:00AM
Listing Office:: Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:: Taylor Avakian : 916-996-4421
MLS ID:: CL25619381

Appliances: Dryer
Laundry: DryerWasher

Parking: Other

County: Los Angeles

Zoning: LARD4240010035

This listing courtesy of Taylor Avakian, Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Westminster Avenue Elementary

1010 Abbot Kinney Blvd, Venice, CA, 90291

Grades KG-5

0.41 miles away

Westside Global Awareness Magnet

104 Anchorage St, Marina Del Rey, CA, 90292

Grades KG-8

1.32 miles away

Venice High School

13000 Venice Blvd, Los Angeles, CA, 90066

Grades 9-12

1.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.