559 Sunset Ave

Venice, CA 90291

$5,200,000
Price
26
Beds
14
Baths
10,651 Sq. Ft.
$488 / Sq. Ft.
10,651
Sq. Ft.
$488
per Sq. Ft.
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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...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.
  1. Listed by Taylor Avakian • DRE #02060040 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 559 Sunset Avenue

Zoning
LARD1.5
Parcel Number
4240010035
Total Units
14.0
Living Area
10651
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
36%
Lot Size Area
11273
LISTING UPDATED: 03/10/2026 08:16 AM

Property Details for 559 Sunset Avenue

StatusActive
MLS #25619381
Days on Market136
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.26 AC / 11,273 SF
CountyLos Angeles County
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Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Taylor Avakian, DRE #02060040
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Building Information for 559 Sunset Avenue

Stories-Residences-Year Built1964Building Size-Lot Size0.26 AC / 11,273 SF

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$31,390 per month

30 year fixed, 6.11% Interest

Principal and Interest

$25,236

Property Taxes

$6,154

HOA Dues

$0

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Property Information for 559 Sunset Avenue

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Mixed
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $418,104
  • Net Operating Income: $271,374.60
  • Gross Income: $397,199
  • Cap Rate: 5.22%
  • Gross Rent Multiplier: $12.44
  • Total Annual Expense: 125824.2
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2588
  • Lot Size Square Feet: 11273
  • Lot Size Dimensions: 81x140
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 17
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Air Conditioning
  • Cooling Type: Air Conditioning
  • Heating: Wall Electric
  • Heating Type: Wall Electric
  • Flooring: Wood Laminate
  • Equipment: Dryer, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-15-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,474.00
  • Unit Actual Rent: $2,948.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,657.80
  • Unit Actual Rent: $31,894.00
  • Unit Projected Rent: $51,000.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,586,610.00
  • Assessed Improvement Percent: 26.18
  • Assessed Land Value: $4,473,720.00
  • Assessed Land Percent: 73.82
  • Assessed Total Value: $6,060,330.00

Property History for 559 Sunset Avenue

DateEvent & SourcePriceAppreciation
Mar 10, 2026

Price Change

CRMLS #25619381

$5,200,000—
Mar 10, 2026

Price Change

CLAW #25619381

$5,200,000—
Dec 11, 2025

Price Change

CRMLS #25619381

$5,950,000—
Dec 11, 2025

Price Change

CLAW #25619381

$5,950,000—
Nov 3, 2025

Listed (Active)

CRMLS #25619381

$6,100,000—
Nov 3, 2025

Listed (Active)

CLAW #25619381

$6,100,000—
Feb 24, 2023

Sold

CLAW #22-215457

$5,825,000—
Feb 24, 2023

Sold

SDMLS #22-215457

$5,825,000—
Feb 24, 2023

Sold

CRMLS #22215457

$5,825,000—
Feb 14, 2023

Sold (Public Record)

Public Record #1506128521

$5,825,000

+17.2% / yr

Jan 17, 2023

Pending

CRMLS #22215457

—
Jan 17, 2023

Pending

SDMLS #22-215457

—
Jan 17, 2023

Pending

CLAW #22-215457

—
Nov 4, 2022

Listed (Active)

SDMLS #22-215457

$6,250,000—
Nov 4, 2022

Listed (Active)

CRMLS #22215457

$6,250,000—
Nov 4, 2022

Listed (Active)

CLAW #22-215457

$6,250,000—
Feb 28, 2022

Sold (Public Record)

Public Record #1493927303

$5,000,000—
DateEvent & SourcePrice
03/10/2026

Price Change

CRMLS #25619381

$5,200,000
03/10/2026

Price Change

CLAW #25619381

$5,200,000
12/11/2025

Price Change

CRMLS #25619381

$5,950,000
12/11/2025

Price Change

CLAW #25619381

$5,950,000
11/03/2025

Listed (Active)

CRMLS #25619381

$6,100,000
11/03/2025

Listed (Active)

CLAW #25619381

$6,100,000
02/24/2023

Sold

CLAW #22-215457

$5,825,000
02/24/2023

Sold

SDMLS #22-215457

$5,825,000
02/24/2023

Sold

CRMLS #22215457

$5,825,000
02/14/2023

Sold (Public Record)

Public Record #1506128521

$5,825,000

+17.2% / yr

01/17/2023

Pending

CRMLS #22215457

—
01/17/2023

Pending

SDMLS #22-215457

—
01/17/2023

Pending

CLAW #22-215457

—
11/04/2022

Listed (Active)

SDMLS #22-215457

$6,250,000
11/04/2022

Listed (Active)

CRMLS #22215457

$6,250,000
11/04/2022

Listed (Active)

CLAW #22-215457

$6,250,000
02/28/2022

Sold (Public Record)

Public Record #1493927303

$5,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 559 Sunset Avenue

Taxable ValueLand$4,473,720Additions$1,587,310Total$6,061,030
Tax Record2025$73,844 ($6,154 / month)
Home Facts
Total Finished SqFt10,651 SqFtAbove Grade Finished SqFt10,651 SqFtLot Size11,270 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD1.5CountyLOS ANGELESAPN4240-010-035

Schools near 559 Sunset Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Westminster Avenue Elementary School
Public - K to 5
Mark Twain Middle School and World Languages Magnet
Public - 6 to 8
Venice Senior High School
Public - 9 to 12
Animo Venice Charter High School
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Mark Twain Middle School and World Languages Magnet
Public6 to 8

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 559 Sunset Avenue, Venice, CA 90291

559 Sunset Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on November 3, 2025 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $5,200,000. It has been on the market for a total of 136 days and was last sold on February 24, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 559 Sunset Avenue is a 26-bed, 14-bath, 10,651 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Taylor Avakian, DRE #02060040

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.