559 Sunset Ave Venice, CA 90291
Venice NeighborhoodEstimated payment $37,043/month
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
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
- 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
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 |
|---|---|---|---|---|---|
| 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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