$5,950,000
$150K PRICE DROP

559 Sunset Ave Venice, CA 90291

Venice Neighborhood

Estimated payment $37,125/month

Total Views 1,327
26 Beds
14 Baths
10,651 Sq Ft
$559 Price per Sq Ft

Highlights

  • 0.26 Acre Lot
  • Venice High School Rated A
  • Air Conditioning

About This Home

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 Agent

Taylor Avakian

Lyon Stahl Investment Real Estate, Inc. License #02060040 Listed on: 11/03/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.26 Acre 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 10651
  • Lot Acreage: 0.2588
  • Lot Dimensions: 81x140
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Wood Laminate
  • Bedrooms: 26
  • Total Bathrooms: 14.00
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 558.63

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 17

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall Electric

Lot Info

  • Assessed Improvement Percent: 26.18
  • Assessed Improvement Value: 1586610
  • Assessed Land Percent: 73.82
  • Assessed Land Value: 4473720
  • Total Assessed Value: 6060330
  • Assessor Parcel Number: 4240-010-035
  • Lot Size Area: 11273

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.28
  • Number Of Units: 14
  • Type Of Units: Mixed

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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

Source: The MLS

MLS Number: 25619381

The MLS
California Los Angeles County Venice 90291 Venice

559 Sunset Ave, Venice, CA

For Sale

MultiFamily

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The MLS © 2025 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.
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Taylor Avakian
Listing Agent
Taylor Avakian
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Lyon Stahl Investment Real Estate, Inc.
(424) 416-3970