559 Sunset Avenue Venice, CA 90291
26 bed / 14 bath / 10,651 Sq. Ft. / 11,269 Sq. Ft., 0.259 acres lot size / Other
Status: Sold
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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).
property details
Type
Other
Status
Closed
County
Los Angeles
Year Built
1964
Beds
26
Sq. Ft.
10,651
Lot Size
11,269 Sq. Ft., 0.3 acres
Listing Id
22215457
Courtesy Of
Andres Diaz Caldre: 01956479 - Keller Williams Downtown LA +1 323-376-2469
List Office Phone
+1 213-797-7000
Interior Features
Interior Amenities
Ceiling Fan(s)
Living Area Units
Sq. Ft.
Bathrooms Total
14
Exterior Features
Parking
Assigned
Stories
2
Parking Spaces
17
Utility & Building Info
Parcel Number
4240010035
Heating
Other
Wall Furnace
Wall Furnace
Building Area Total
10,651 Sq. Ft.
Price Per Sq Ft
$587
Architectural Style
2 Story
 |
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Price History
| date | event | price | source |
|---|---|---|---|
|
02/24/2023
02/24/2023
|
Sold |
$5,825,000
|
CA Regional MLS (CRMLS) |
|
01/17/2023
01/17/2023
|
Pending |
$6,250,000
|
CA Regional MLS (CRMLS) |
|
11/04/2022
11/04/2022
|
Active |
$6,250,000
|
CA Regional MLS (CRMLS) |
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