559 Sunset Ave 14 Unité Immeuble d’appartements 8 270 440 $ CAD (590 746 $ CAD/Unité) 4,86% Taux de capitalisation 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