14-Unit Venice MultiFamily at 559 Sunset Avenue Listed
$6,400,000
559 Sunset Avenue, Venice, CA 90291
10,651 SF
Square Feet
$601
PPSF
14
Units
400.0K
PPU
Property Description
Units
14 — PPU: 400.0K
JUST LISTED: 14-Unit Venice Apartment w/ 3 ADUs + 5 Vacant Units
Excited to bring 559 Sunset Ave to market — a rare multifamily opportunity with existing ADUs plans and serious value-add potential in the heart of Venice.
559 Sunset Ave, Venice, CA 90291
$6,400,000
(2) 1+1s, (11) 2+1s, plus plans for (3) 1+1 ADUs
5 Units Delivered Vacant
11,278 SF RD1.5 lot | 10,651 SF building | 17 Parking Spaces
Rent-controlled with strong upside: in-place rents average ~$2/SF vs. market ~$5.34/SF
Located blocks from Abbot Kinney and the beach, this is a rare find in one of LA’s most competitive rental pockets — perfect for value-add investors.
Property Details
Asset Type
MultiFamily
Year Built
1964
Zoning
RD1.5
Lot Size
11,278 SF
Neighborhood
Oakwood Pentagon
Submarket
Venice
ZIP
90291
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$364,071
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$30,339
Annual Debt Service
$364,071
View on Map
Address
559 Sunset Avenue
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Venice MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
