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Jeffrey Bullock

[email protected]

$ 5,950,000

Est. payment -/mo

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Price Dropped by $150K

559 Sunset AVE Venice, CA 90291

26 Beds

14 Baths

10,651 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,651 sqft

Price per Sqft $558

MLS Listing ID 25619381

Bedrooms 26

HOA Y/N No

Year Built 1964

Lot Size 0.259 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Carport

Total Parking Spaces 17

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4240010035

Special Listing Condition Standard

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

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

10

Edison Language Academy

Public | PK - 5
9

Canyon Charter Elementary

Public | KG - 5
9

Franklin Elementary School

Public | PK - 5
9

Grant Elementary School

Public | PK - 5
9

Mar Vista Elementary

Public | KG - 5
8

Roosevelt Elementary School

Public | KG - 5
8

Santa Monica Alternative (K-8)

Public | KG - 8
8

McKinley Elementary School

Public | KG - 5
8

Will Rogers Learning Community

Public | KG - 5
8

Broadway Elementary School

Public | KG - 5
8

Coeur d'Alene Avenue School

Public | KG - 5
8

Richland Avenue Elementary

Public | KG - 6
6

Short Avenue Elementary

Public | KG - 6
6

Grand View Boulevard Elementary School

Public | KG - 5
5

John Muir Elementary School

Public | PK - 5
5

Westminster Avenue Elementary

Public | KG - 5
5

Westside Global Awareness Magnet

Public | KG - 8
5

Beethoven Street Elementary School

Public | KG - 5
4

Walgrove Avenue Elementary

Public | KG - 5
4

Paseo del Rey Elementary

Public | KG - KG

Middle Schools 9

9

Lincoln Middle School

Public | 6 - 8
8

New West Charter

Public | 6 - 10
7

John Adams Middle School

Public | 6 - 8
5

Mark Twain Middle School

Public | 6 - 8
5

Magnolia Science Academy 4

Public | 6 - 12
4

Daniel Webster Middle School

Public | 6 - 8
0

City Charter Middle School

Public | 6 - 8
0

James J. Mcbride Special Education Center

Public | 6 - 12
0

Windward School

Private | 7 - 12

High Schools 11

9

Santa Monica High School

Public | 9 - 12
7

Animo Venice Charter High School

Public | 9 - 12
6

Venice High School

Public | 9 - 12
2

Westchester Enriched Sciences Magnets (WESM) - Health & Sports Medicine Magnet

Public | 9 - 12
0

St Monica Catholic High School

Private | 9 - 12
0

Pacifica Christian High School

Private | 9 - 12
0

Olympic High (Continuation)

Public | 9 - 12
0

Lighthouse Christian Academy

Private | 9 - 12
0

Arete Preparatory Academy

Private | 9 - 12
0

Phoenix Continuation

Public | 9 - 12
0

St Bernard High School

Private | 9 - 12

School and business data provided by Attom Data.

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