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$5,950,000

  • For Sale
  • Active
  • Multi-Family
  • 26 Total Beds
  • Updated 1 day ago
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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.

Full Property Details for 559 Sunset Ave

General

  • Price: $5,950,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25619381
  • Updated: 12/11/2025
  • Added to Site: 74 day(s) ago

Interior

  • Flooring: Wood Laminate

Rooms

Bathrooms

  • Total Bathrooms: 14

Bedrooms

  • Total Bedrooms: 26

Additional Information

  • Other Features: None

Parking

  • Garage Description: Carport

Location

  • Area: Venice
  • County: Los Angeles
  • Driving Directions: Near the corner Sunset Ave and 5th Ave N

Heating & Cooling

  • Cooling Type: Air Conditioning
  • Heating Type: Wall Electric

Structural Information

  • # Buildings: 1
  • Stories/Levels: 0
  • Square Feet: 10,651
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1964
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 14
  • Unit Type: 2106, 2107

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.2588
  • Lot Size: 11273
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 81 x 140
  • Zoning: LARD1.5

Financial Considerations

  • Price Per Sq. Ft.: $558.63
  • Assessment Year: 1964

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 4240-010-035

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

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Listing agent

— 559 Sunset Ave —

  • Taylor Avakian

    Lyon Stahl Investment Real Estate, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 559 Sunset Ave

School District:Los Angeles Unified School District
NameGradesDistance
Westminster Avenue Elementary School
1010 Abbott Kinney Blvd., Los Angeles, CA 90291
K-50.4 mi
Mark Twain Middle School and World Languages Magnet
2224 Walgrove Avenue, Los Angeles, CA 90066
6-81.5 mi
Venice Senior High School
13000 Venice Boulevard, Los Angeles, CA 90066
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 559 Sunset Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/11/2025
Price Reduced
$5,950,000
-2.46%
MLS
11/03/2025
Listed
$6,100,000
4.72%
MLS
2/14/2023
Sold
$5,825,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 559 Sunset Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$73,844
20%
$6,061,030
21%
2023
$61,702
367%
$5,000,700
407%
2022
$13,201
2%
$985,686
2%
2021
$12,987
-1%
$966,374
1%
2020
$13,098
4%
$956,473
2%
2019
$12,632
2%
$937,034
2%
2018
$12,444
2%
$918,662
2%
2017
$12,157
3%
$900,650
2%
2016
$11,776
1%
$882,991
2%
2015
$11,619
-1%
$869,728
2%
2014
$11,749
—
$852,692
—
2013
$11,744
—
$848,839
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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

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559 Sunset Ave, Venice, CA 90291 (MLS# 25619381) is a Multi-Family property with units containing 26 bedrooms and 0 full bathrooms. 559 Sunset Ave is currently listed for $5,950,000 and was received on November 03, 2025. Want to learn more about 559 Sunset Ave? Do you have questions about finding other Multi-Family real estate for sale in Venice? You can browse all Venice real estate or contact a Coldwell Banker agent to request more information.

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