Login

559 Sunset Avenue, Venice, CA 90291

Venice
Local realty services provided by:CENTURY 21 Allstars
559 Sunset Avenue,Venice, CA 90291
$5,200,000
  • 26 Beds
  • 14 Baths
  • 10,651 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:25619381
Source:CRMLS

Price summary

  • Price:$5,200,000
  • Price per sq. ft.:$488.22

About this home

559 Sunset Ave | 14-Unit Coastal Multifamily with ADU Potential in Venice. Built in 1964, this well-located Venice multifamily asset totals approximately 10,651 SF on an 11,278 SF RD1.5-zoned lot and features a strong unit mix of (12) 2-bed / 1-bath units and (2) 1-bed / 1-bath units, with three RTI ADUs currently in plan check. The property will be delivered with five units vacant at close, allowing a new owner to immediately execute a renovation and lease-up strategy while capturing substantial rent growth. Current rents average approximately $2,489/month, while projected market rents are estimated at roughly $3,857/month, offering meaningful upside in one of Los Angeles' most desirable coastal rental markets. Offered at $5,200,000 ($371K/unit | $488.22/SF) with a 5.22% in-place cap rate and 12.44 GRM, the investment presents strong income growth potential as units are upgraded and rents stabilize.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1964
  • Listing ID #:25619381
  • Added:119 day(s) ago
  • Updated:March 10, 2026 at 05:35 PM

Rooms and interior

  • Bedrooms:26
  • Total bathrooms:14
  • Living area:10,651 sq. ft.

Structure and exterior

  • Year built:1964
  • Building area:10,651 sq. ft.
  • Lot area:0.26 Acres

Finances and disclosures

  • Price:$5,200,000
  • Price per sq. ft.:$488.22

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:17
  • Parking description:Carport
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Allstars is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Allstars, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 559 Sunset Avenue