559 Sunset Avenue, Venice CA, 90291

Sold

559 Sunset Avenue

Venice CA, 90291

$5,825,000

$546.90 per sqft

Sold

26 Beds

14 Baths

10,651 sqft

Residential

Built in 1964

Listed by Andres Diaz with Keller Williams Downtown LA 213-797-7000

559 Sunset Avenue is a 14-unit apartment located in the high barrier to entry neighborhood of Venice. The property is situated on a double lot (11,270 SF) and consists of two (2) one-bedroom units and twelve (12) two-bedroom units. In addition, the property is walking distance to the dining and entertainment options on Rose Avenue & 6th Avenue. The opportunity presents a new investor the ability to renovate units immediately and capture close to 63% upside in rents. Tenants are within 1 1/2 blocks to Whole Foods and a short walk to Abbot Kinney. Lastly, 559 Sunset is offered at a sub-16 GRM and provides ample parking for tenants (17 spaces).

22215457

MLSⓇ ID

November 4, 2022

Listed

March 23, 2024

Updated

Map

559 Sunset Avenue
Venice CA, 90291

Interior Features

Total Stories: 2
Bedrooms: 26 Beds
Bathrooms: 14 Baths
Interior Features: Ceiling Fan(s)
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.26 Acres

Other Property Details

Area Name: C11 - Venice
Days on Market: 74
Garage: No
Parking: Assigned
Parking Total: 17
View: No
County: Los Angeles
Pool: No
Zoning: LARD1.5
Buyer Agency Compensation: 2%

Listing Contact: 213-797-7000

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:43 AM UTC