Closed | 559 Sunset Avenue

Offering Price

Sales Price

$5,825,000

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

3/15/2023

Units

10,651

Building SF

1964

Year Built

Walk Score

$546.90

Price/SF

$416,071

Price/Unit

4.77%

Current Cap

14.46

Current GRM

10,651

Building SF

1964

Year Built

$546.90

Price/SF

Units

10,651

Building SF

1964

Year Built

Walk Score

$546.90

Price/SF

$416,071

Price/Unit

4.77%

Current Cap

14.46

Current GRM

Potential Buildable Units

10,651

Land SF

$546.90

Price/Land SF

$416,071

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 >

Andres Diaz

Managing Director

Multifamily Investments

(323) 376-2469

Andres.Diaz@kw.com

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