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559 Sunset Avenue, Venice, CA 90291

$5,200,000

$488 per ft²

26 Bed

14 Bath

10,651 Sq Ft

0.2588 Acres

Listing Office: Lyon Stahl Investment Real Estate, Inc.

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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.

Listing Agent: Taylor Avakian

License Number: 02060040

Offered by: Lyon Stahl Investment Real Estate, Inc.

Office Phone: 310-425-9838

MLS: #25619381

California Regional MLS

Date Added: 11/03/2025 12:00:00 am

Last Update: 03/23/2026 06:31:43 pm

Days on Market: 152

Interior

Appliances: Dryer,Washer

Exterior

Parking: Carport, Parking spaces: 17

Construction

Location

Originating MLS: CRMLS_CL
County: Los Angeles

Lot

Zoning: LARD1.5, 4240010035

Financial

Source: CRMLS_CL

Property

Year Built: 1964
Type: Multi-Family
Neighborhood: Venice
Parcel #: 4240010035

02/24/2023Sold

01/17/2023Pending

11/05/2022$6,250,000@ 587 per ft²Listed

11/05/2022Active

Listing Broker

Tade Keshishyan

1 @

License #: 02190628

Email: [email protected]

Phone: 8183592303

Location: CA

Last Updated: 03/23/2026 06:31:43 pm

Offered by: Taylor Avakian, 02060040, 916-996-4421 @ Lyon Stahl Investment Real Estate, Inc.

MLS: #25619381

Source: California Regional MLS

<IMG SRC='https://d37ukvrrv3in12.cloudfront.net/mls/logos/IDX_580_large.png' ALT='IDX'> Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.<BR><BR>The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by <A HREF='http://www.realtywatchsolutions.com/' TARGET='_blank'>RealtyWatch Solutions</A>. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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559 Sunset Avenue, Venice, CA 90291 is a 26 Bed, 14 Bath, 10,651 Sq Ft, 0.2588 Acres, Multi-Family built in 1964.

This property is currently available and was listed by California Regional MLS on 11/03/2025 12:00:00 am. The MLS # for the property is MLS #25619381.