Listed by Andres Diaz, Keller Williams Downtown LA,

559 Sunset Avenue

Venice, CA, 90291

$6,250,000

$586 per ft²
$6,250,000
$586 per ft²
Active
Active
 - For Sale
beds
26 Beds
baths
14 Baths
carpenters-square
10,651 ft²
property_type
Multi-family
calendar
Built 1964
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).
MLS® ID:
22215457
Listed:
11/3/22
Updated:
12/1/22

Interior Features

Total Bedrooms
26
Total Bathrooms
14
Interior Features
Ceiling Fan(s)
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.26 acres lot

Other Property Details

Area Name
C11 - Venice
Garage
No
Parking
Assigned
Parking Total
17.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LARD1.5

Courtesy of Keller Williams Downtown LA, Andres Diaz,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 12/1/22. 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, 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.

©2022 California Regional Multiple Listing Service. All rights reserved.

Data last updated 7:46 AM UTC, 12/1/22

Contact