Overview
- 26
- 14
- 10651
- 1964
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.
Address
Open on Google Maps- Address Sunset
- City Venice
- State/county Los Angeles
- Zip/Postal Code 90291
Details
Updated on November 22, 2025 at 6:08 pm- Property ID: HZ25619381
- Price: $6,100,000
- Property Size: 10651 Sq Ft
- Bedrooms: 26
- Bathrooms: 14
- Year Built: 1964
- Property Status: ResidentialIncome
- Listed by: Taylor Avakian
- DRE #: 02060040
- Contact Mail: taylor@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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