559 Sunset Ave

14
Baths
10,651 Sq. Ft.
$547 / Sq. Ft.
10,651
Sq. Ft.
$547
per Sq. Ft.

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...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).
  1. Listed by Andres Diaz • DRE #01956479 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 559 Sunset Avenue

Zoning
LARD1.5
Parcel Number
4240010035
Total Units
14.0
Living Area
10651
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
36%
Lot Size Area
11270
LISTING UPDATED: 02/24/2023 12:11 PM

Property Details for 559 Sunset Avenue

StatusSold
MLS #22-215457
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.26 AC / 11,270 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Andres Diaz, DRE #01956479

Sold By Del Rey Urban Brokerage, Scott Chaplan, DRE #01182553; Del Rey Urban Brokerage, Consuela Kielbowicz, DRE #01733753

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Building Information for 559 Sunset Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.26 AC / 11,270 SF

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$34,544 per month

30 year fixed, 6.15% Interest

Principal and Interest

$28,390

Property Taxes

$6,154

HOA Dues

$0

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Property Information for 559 Sunset Avenue

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $402,911
  • Net Operating Income: $272,927.00
  • Gross Income: $402,911
  • Gross Scheduled Income: $402,911
  • Cap Rate: 4.37%
  • Gross Rent Multiplier: $15.51
  • Total Annual Expense: 117896
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2587
  • Lot Size Square Feet: 11270
  • Lot Size Dimensions: 81x140
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 17
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-04-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,364.00
  • Unit Actual Rent: $2,728.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,571.00
  • Unit Actual Rent: $30,848.00
  • Unit Projected Rent: $48,000.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $823,068.00
  • Assessed Improvement Percent: 83.56
  • Assessed Land Value: $161,918.00
  • Assessed Land Percent: 16.44
  • Assessed Total Value: $984,986.00

Property History for 559 Sunset Avenue

DateEvent & SourcePriceAppreciation
Dec 11, 2025

Price Change

CRMLS #25619381

$5,950,000—
Dec 11, 2025

Price Change

CLAW #25619381

$5,950,000—
Nov 3, 2025

Listed (Active)

CLAW #25619381

$6,100,000—
Nov 3, 2025

Listed (Active)

CRMLS #25619381

$6,100,000—
Feb 24, 2023

Sold

CLAW #22-215457

$5,825,000—
Feb 24, 2023

Sold

SDMLS #22-215457

$5,825,000—
Feb 24, 2023

Sold

CRMLS #22215457

$5,825,000—
Feb 14, 2023

Sold (Public Record)

Public Record #1506128521

$5,825,000

+17.2% / yr

Jan 17, 2023

Pending

CRMLS #22215457

—
Jan 17, 2023

Pending

SDMLS #22-215457

—
Jan 17, 2023

Pending

CLAW #22-215457

—
Nov 4, 2022

Listed (Active)

CRMLS #22215457

$6,250,000—
Nov 4, 2022

Listed (Active)

CLAW #22-215457

$6,250,000—
Nov 4, 2022

Listed (Active)

SDMLS #22-215457

$6,250,000—
Feb 28, 2022

Sold (Public Record)

Public Record #1493927303

$5,000,000—
DateEvent & SourcePrice
12/11/2025

Price Change

CRMLS #25619381

$5,950,000
12/11/2025

Price Change

CLAW #25619381

$5,950,000
11/03/2025

Listed (Active)

CLAW #25619381

$6,100,000
11/03/2025

Listed (Active)

CRMLS #25619381

$6,100,000
02/24/2023

Sold

CLAW #22-215457

$5,825,000
02/24/2023

Sold

SDMLS #22-215457

$5,825,000
02/24/2023

Sold

CRMLS #22215457

$5,825,000
02/14/2023

Sold (Public Record)

Public Record #1506128521

$5,825,000

+17.2% / yr

01/17/2023

Pending

CRMLS #22215457

—
01/17/2023

Pending

SDMLS #22-215457

—
01/17/2023

Pending

CLAW #22-215457

—
11/04/2022

Listed (Active)

CRMLS #22215457

$6,250,000
11/04/2022

Listed (Active)

CLAW #22-215457

$6,250,000
11/04/2022

Listed (Active)

SDMLS #22-215457

$6,250,000
02/28/2022

Sold (Public Record)

Public Record #1493927303

$5,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 559 Sunset Avenue

Taxable ValueLand$4,473,720Additions$1,587,310Total$6,061,030
Tax Record2025$73,844 ($6,154 / month)
Home Facts
Total Finished SqFt10,651 SqFtAbove Grade Finished SqFt10,651 SqFtLot Size11,270 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD1.5CountyLOS ANGELESAPN4240-010-035

Schools near 559 Sunset Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Downtown LA, Andres Diaz, DRE #01956479

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.