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Listed by: Taylor Avakian (916) 996-4421 DRE #02060040 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$5,950,000
26 Beds
14 Baths
10,651sqft
559 Sunset Ave, Venice, CA 90291
$5,950,000
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Multi Family
Built in 1964
$-- HOA
11,273 sqft lot
$559/sq.ft
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, Linco...
Continue Reading- Houzeo last checked: 34 Minutes ago
- Listing updated: December 12, 2025 at 3:42 pm
- Source: California Regional MLS-CA | MLS#: 25619381
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1964
HOA Fees
-
Finished Area
10,651 sqft
Lot Size
11,273 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25619381
MLS Status
Active
Days on Market
45
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