VENICE, CA – A rare investment opportunity has just hit the market in one of LA’s most iconic neighborhoods. 559 Sunset Avenue is a 14-unit multifamily property in the heart of Venice Beach offering immediate rental upside and future development potential with (3) RTI ADUs ready to activate. Positioned just blocks from Abbot Kinney and Venice Boardwalk, this asset presents the ideal combination of location, cash flow, and value-add growth.
Strong Foundation with Major Upside
Built in 1964, this 10,651 SF building features a desirable unit mix of (2) 1-bed/1-bath and (11) 2-bed/1-bath units, plus (3) RTI ADUs (two studios and one 2-bed/1-bath). Set on a 11,278 SF lot with 17 parking spaces, this low-density RD1.5-zoned asset delivers on both tenant convenience and long-term development potential. The property currently operates at a 3.84% cap rate, with pro forma projections reaching 8.49% once ADUs are activated and units are brought to market rent.
Unbeatable Venice Location
559 Sunset Ave is nestled in a high-demand coastal pocket of Westside Los Angeles, surrounded by creative hubs, top-tier dining, and thriving employment zones. Highlights include:
✔ Abbot Kinney Blvd – Walkable to boutique shops, cafes, and restaurants on LA’s trendiest street
✔ Venice Beach & Boardwalk – Just a 5-minute bike ride to the ocean
✔ Silicon Beach Tech Corridor – Near major employers like Google, Snap, and Amazon Studios
✔ Easy Access to Lincoln, Venice Blvd, and the 405 – Connecting to Santa Monica, Culver City, and beyond
✔ Future-Proof Locale – Venice continues to see infrastructure investment, new construction, and increasing rental demand
Why Invest in 559 Sunset Avenue?
✔ Significant Rental Upside – Market rents are up to 156% higher than current in-place rents
✔ ADU Ready – Three RTI ADUs (two studios, one 2+1) offer immediate NOI expansion
✔ Strong Mix of Units – Primarily 2-bed layouts attract quality tenants
✔ Trophy Location – Walkable to Abbot Kinney and minutes from the beach
✔ Efficient Lot Size – Over 11,000 SF with 17 parking spaces on an RD1.5 lot
✔ Proven Demand – Venice maintains low vacancy and robust tenant interest
Invest in One of LA’s Most Iconic Neighborhoods
With Venice experiencing long-term appreciation, rental growth, and a consistent inflow of high-income renters, 559 Sunset Ave offers investors a strategic foothold in a blue-chip submarket. Whether you're seeking cash flow, value-add potential, or coastal stability—this deal checks all the boxes.
📍 Listing Price: $6,400,000
🏢 Unit Mix: (2) 1-bed/1-bath, (11) 2-bed/1-bath, (3) RTI ADUs
📊 Current Cap Rate: 3.84% | Market Cap Rate: 8.49%
🔗 View Full Listing & Financials: 559 Sunset Ave, Venice, CA 90291
Every investment should be supported by expert analysis. Reach out today to explore this opportunity and others like it in the Westside multifamily market.
📱 916-996-4421
📧 taylor@lyonstahl.com
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Taylor Avakian is a multifamily investment expert and the host of No Vacancy, a podcast dedicated to exploring the latest trends, strategies, and insights in the real estate market. As the founder of The Group CRE, Taylor specializes in helping landlords and investors navigate the complexities of multifamily ownership in Los Angeles.