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.