Closed | 559 Sunset Avenue

Offering Price

Sales Price

$5,000,000

Offering Highlights

Deal Highlights

Exceptional Venice Beach Location.

First Time for Sale in Nearly 30 Years.

Value-Add: Approximately 72% Rental Upside.

Three Units Delivered Vacant.

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Close of Escrow

7/15/2022

Units

10,651

Building SF

1964

Year Built

Walk Score

$469.44

Price/SF

$357,143

Price/Unit

5.18%

Current Cap

13.54

Current GRM

10,651

Building SF

1964

Year Built

$469.44

Price/SF

Units

10,651

Building SF

1964

Year Built

Walk Score

$469.44

Price/SF

$357,143

Price/Unit

5.18%

Current Cap

13.54

Current GRM

Potential Buildable Units

10,651

Land SF

$469.44

Price/Land SF

$357,143

Zoning

1964

Year Built

Walk Score

Download Executive Summary

Property video

Property Location

Venice

Submarket

Lead Agent Info

Julian Bloch

Senior Director

Multifamily & Retail Investments

(415) 250-7365

Julianbloch@kw.com

SEE THIS AGENTS PROPERTIES >