559 Sunset Ave 14 Unit Apartment Building $8,515,112 CAD ($608,222 CAD/Unit) 4.71% Cap Rate Venice, CA 90291

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.
Key Property Details?
Location: 559 Sunset Ave, Venice, CA 90291?
Lot Size: 11,278 SF?
Building Size: 10,651 SF?
Units: 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)?
Investment Highlights?
ADU Upside: (3) RTI ADUs ready to be activated for additional income
Massive Rent Upside: Nearly 70% rental upside provides clear, measurable pathways to increased income and property value.
Pro Forma Cap Rate of 8.77%: With modest improvements and full lease-up, NOI more than doubles
Venice Location: Highly desirable rental market with strong demand and limited supply
Strong Unit Mix: Predominantly large 2-bedroom units, ideal for long-term tenants
Off-Street Parking: 17 spaces, rare in this beachside location??
Neighborhood and Accessibility?
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.?
For more information and to schedule a viewing, please contact:?Taylor Avakian Founder, The Group CRE First Vice President, Lyon Stahl