559 Sunset Ave, Venice, CA 90291

Property Overview

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559 Sunset Ave is a 14-unit multifamily investment opportunity located in the heart of Venice, CA, just minutes from the beach. Built in 1964, this 10,651 SF property sits on an 11,278 SF lot and is zoned RD1.5-1, offering both current income and long-term development potential. The unit mix includes (2) one-bed, one-bath units, (11) two-bed, one-bath units, and (3) RTI-ready ADUs. The property offers 17 parking spaces and is subject to Los Angeles rent control.

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With a current cap rate of 3.84% and a pro forma cap rate of 8.49%, this property presents a strong value-add opportunity through lease-ups and ADU activation. Located in one of LA’s most desirable rental markets, it is ideal for investors seeking growth in income and long-term appreciation.

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Key Property Details

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• Location: 559 Sunset Ave, Venice, CA 90291
• ‍Lot Size: 11,278 SF
• ‍Building Size: 10,651 SFUnits: 14 existing units + 3 ADUs (RTI)
• ‍Year Built: 1964
• ‍Zoning: RD1.5-1
• ‍Rent Control: Yes (LARSO)
• ‍Parking: 17 spaces
• ‍Unit Mix:
  • (2) One-bed, one-bath
  • (11) Two-bed, one-bath
  • (3) ADUs (2x 500 SF, 1x 500 SF 2-bed)

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Investment Highlights

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Neighborhood and Accessibility

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Located in Venice Beach, one of LA’s most vibrant and walkable neighborhoods, 559 Sunset Ave provides tenants with access to top-tier lifestyle amenities, employment hubs, and beachside recreation. The area commands premium rents due to its proximity to Abbot Kinney, Rose Ave, and Silicon Beach tech employers.

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Market Trends and Financial Potential

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl

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