559 Sunset Ave, Venice, CA 90291

$6,250,000
26
BD
14
BA
10,651
SqFt
List Price
$6,250,000
MLS#
22-215457
Year Built
1964
Bedrooms
26
Bathrooms
14
Living Sq. Ft
10,651
Lot Size
11,270
Days on Market
29
Property Type
Multifamily
Stories
2

Property Description

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).

Additional Information

Other Buildings
None
Heat
Wall
Cooling
Ceiling Fan
Number of Cars in Garage
Assigned

Mortgage Calculator

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Courtesy of , Andres Diaz - CA DRE#

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