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Listed price in listed location currency (USD).
$5,200,000

261417

MLS® 25619381

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 10651 sqft
Garage 
Taxes 
Days Active 141
Lot Size 
Approx. Age 1964
Avg. Price Per Sqft $488
MLS® Number 25619381

Property Address: 559 Sunset Ave, Venice, CA, 90291-2660

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number25619381
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1964
Basement
DrivewayCarport
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 15, 2025List Date
$5,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
559 Sunset Ave, Venice, CA

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