559 Sunset Ave Venice, CA 90291
Venice NeighborhoodHighlights
- 0.26 Acre Lot
- Venice High School Rated A
- Air Conditioning
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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #02060040 Listed on: 11/03/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 11,273 Sq Ft Lot
- Lot Dimensions are 81x140
Home Design
- Split Level Home
Interior Spaces
- 10,651 Sq Ft Home
- Laminate Flooring
Bedrooms and Bathrooms
- 26 Bedrooms
- 14 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 17 Parking Spaces
- Carport
Utilities
- Air Conditioning
- Heating System Mounted To A Wall or Window
Community Details
- 14 Units
Listing and Financial Details
- Assessor Parcel Number 4240-010-035
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $73,008 | $6,060,330 | $4,473,720 | $1,586,610 |
| 2024 | $73,008 | $5,941,500 | $4,386,000 | $1,555,500 |
| 2023 | $61,702 | $5,000,000 | $4,000,000 | $1,000,000 |
| 2022 | $13,201 | $984,986 | $161,918 | $823,068 |
| 2021 | $12,987 | $965,674 | $158,744 | $806,930 |
| 2019 | $12,632 | $937,734 | $154,037 | $783,697 |
| 2018 | $12,444 | $919,362 | $151,017 | $768,345 |
| 2016 | $11,776 | $882,991 | $145,153 | $737,838 |
| 2015 | $11,619 | $869,728 | $142,973 | $726,755 |
| 2014 | $11,749 | $852,692 | $140,173 | $712,519 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/10/2026 03/10/26 | Price Changed | $5,200,000 | -12.6% | $488 / Sq Ft | |
| 12/11/2025 12/11/25 | Price Changed | $5,950,000 | -2.5% | $559 / Sq Ft | |
| 11/03/2025 11/03/25 | For Sale | $6,100,000 | +4.7% | $573 / Sq Ft | |
| 02/24/2023 02/24/23 | Sold | $5,825,000 | -6.8% | $547 / Sq Ft | View Prior Sale |
| 01/17/2023 01/17/23 | Pending | -- | -- | -- | |
| 11/04/2022 11/04/22 | For Sale | $6,250,000 | -- | $587 / Sq Ft |
Source: The MLS
MLS Number: 25619381
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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