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559 Sunset Ave
Venice, CA 90291
Multifamily Property For Sale
·
14 Units
Investment Highlights
- Potential to Deliver Five (5) Units Vacant
- 17 Parking Spots (Includes 5 Tandem Spaces)
- Almost Entirely Two-Bedroom Units
- Situated on a Double Lot (11,270 SF) Walking Distance to Rose Avenue & 6th Avenue
- Approximately 63% Upside in Rental Income
- Short Walk to Abbot Kinney & Whole Foods
Property Facts
| No. Units | 14 | Building Size | 10,651 SF |
| Property Type | Multifamily | Average Occupancy | 64% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Mid-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.6/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 10,651 SF |
| Average Occupancy | 64% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,364 | 590 |
| 2+1 | 12 | $2,571 | 800 |
Property Taxes
| Parcel Number | 4240-010-035 | Improvements Assessment | $1,586,610 |
| Land Assessment | $4,473,720 | Total Assessment | $6,060,330 |
Property Taxes
Parcel Number
4240-010-035
Land Assessment
$4,473,720
Improvements Assessment
$1,586,610
Total Assessment
$6,060,330
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