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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.
| DAYS ON MARKET | 134 | LAST UPDATED | 3/10/2026 |
|---|---|---|---|
| YEAR BUILT | 1964 | COMMUNITY | C11 - Venice |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Dec 11, '25 | $6,100,000 |
|---|---|
| Dec 11, '25 - Mar 10, '26 | $5,950,000 |
| Mar 10, '26 - Today | $5,200,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dryer, Washer |
|---|---|
| AREA | C11 - Venice |
| LOT | 0.2588 acre(s) |
| LOT DIMENSIONS | 81x140 |
| PARKING | Carport |
| STORIES | Split/Multi Level |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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