CA > Venice
Venice, CA 90291,559 Sunset AVE
Venice, CA 90291,559 Sunset AVE
Venice, CA 90291,559 Sunset AVE
15
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$5,950,000
Est. payment /mo
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26 Beds
14 Baths
10,651 SqFt
Price Dropped by $150K

559 Sunset AVE Venice, CA 90291

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Jenny Wu

Jenny Wu

+1(909) 569-8888

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,651 sqft

Price per Sqft $558

MLS Listing ID 25619381

Bedrooms 26

HOA Y/N No

Year Built 1964

Property 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.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Carport

Total Parking Spaces 17

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4240010035

Special Listing Condition Standard

CRMLS – RECore
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc.

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Jenny Wu

Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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559 Sunset AVE

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