559 Sunset Avenue Venice, CA ^$ 5,950,000

559 Sunset Avenue

^$ 5,950,000

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559 Sunset Avenue

Venice, CA, 90291

^$ 5,950,000

Studio Baths0.0 Sq 10,651

Monthly Estimate*

^$ 37,120

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Studio

Multi-Family Home for sale in Venice, CA

for $5,950,000. This 10,651 square foot home was built in 1964 on a lot size of 0.26.

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.

Multi-Family Active

Price

^$ 5,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.26

Year Built

1964

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

0025619381

Features

General

Living Area 10651.0

Zoning LARD1.5

Year Built 1964

Levels Multi/Split

County Los Angeles

Net Operating Income 289299.64

New Construction No

Property Type C

HOA No

Status Active

City Venice

Senior Community Y/N No

MLS Area C11 - Venice

Lot Size Units Square Feet

Lot Size Square Feet 11273.0

Standard Status Active

Exterior

Parking Features Carport

Lot Size Area 11273.0

Pool Y/N? Yes

Building Area Total 10651.0

Lot Dimensions 81x140

Lot Size Acres 0.26

Land Lease Type Fee

Interior

Total Stories 0

Laundry Features Washer Included Dryer Included

Total Baths 0

* Excluded Features

List By

Taylor Avakian

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

Affordability Calculator

$37,120

Per Month

Monthly Principal & Interest: $37,120
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Venice, CA

Average List Price ^$2,455,253

Percent of Sale Price 59%

About Venice, CA

29,124 Population

-6% Since 2002

^$89,009 Median Income

41.51 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/11/2025	$5,950,000	-2.46%	Price Down
11/15/2025	$6,100,000		Listed Price

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559 Sunset Avenue, Venice, CA, 90291 is a Multi-Family Home for sale at $5,950,000 with 10,651 sqft and a lot size of 0.26. 559 Sunset Avenue is a studio with 0.0 baths and was built in 1964. The property's zip code is 90291 which is in Venice, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 12/11/2025. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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559 Sunset Avenue

Multi-Family Home for sale in Venice, CA

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