Lena Jemelian
Compass
(562) 269-1105
9 Total Sales
1 in Venice
$3,300,000 Price
559 Sunset Ave Venice, CA 90291
Venice Neighborhood
26
Beds
14
Baths
10,651
Sq Ft
0.26
Acre Lot
Highlights
- 0.26 Acre Lot
- Venice High School Rated A
- Ceiling Fan
About This Home
As of February 2023559 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).
Last Agent to Sell the Property
KW Westside Estates License #01956479 Listed on: 11/04/2022
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 11,270 Sq Ft Lot
- Lot Dimensions are 81x140
Interior Spaces
- 10,651 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 26 Bedrooms
- 14 Bathrooms
Parking
- 17 Parking Spaces
- Assigned Parking
Utilities
- Heating System Mounted To A Wall or Window
Community Details
- 14 Units
Listing and Financial Details
- Assessor Parcel Number 4240-010-035
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Venice, CA
-
Lena Jemelian
-
Alexander Masket
Alexander Masket
Responds QuicklyCompass
(323) 310-1876
28 Total Sales
1 in Venice
$3,269,000 Price
-
Luis Mendoza
Luis Mendoza
(858) 293-4222
27 Total Sales
1 in Venice
$2,645,000 Price
-
Kevin Da Silva
Kevin Da Silva
eXp Realty of Greater Los Angeles, Inc.
(424) 372-0894
94 Total Sales
1 in Venice
$2,225,000 Price
-
Devin McNichol
Devin McNichol
Responds QuicklyKeller Williams Beverly Hills
(424) 544-8484
100 Total Sales
1 in Venice
$1,920,000 Price
-
Guy Azar
Guy Azar
The Agency
(747) 223-8695
38 Total Sales
1 in Venice
$7,100,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $5,825,000 | Lawyers Title Company | ||
| Sbk Sunset Llc | $5,000,000 | Lawyers Title | |
| Padilla Juan S | -- | Southland Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $5,947,500 | ||
| Closed | 559 Sunset Llc | $3,770,000 | |
| Previous Owner | -- | $5,175,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/24/2023 02/24/23 | Sold | $5,825,000 | -6.8% | $547 / Sq Ft |
| 01/17/2023 01/17/23 | Pending | -- | -- | -- |
| 11/04/2022 11/04/22 | For Sale | $6,250,000 | -- | $587 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $73,844 | $6,181,536 | $4,563,194 | $1,618,342 |
| 2025 | $73,844 | $6,060,330 | $4,473,720 | $1,586,610 |
| 2024 | $73,008 | $5,941,500 | $4,386,000 | $1,555,500 |
| 2023 | $61,702 | $5,000,000 | $4,000,000 | $1,000,000 |
| 2022 | $13,201 | $984,986 | $161,918 | $823,068 |
| 2021 | $12,987 | $965,674 | $158,744 | $806,930 |
| 2019 | $12,632 | $937,734 | $154,037 | $783,697 |
| 2018 | $12,444 | $919,362 | $151,017 | $768,345 |
| 2016 | $11,776 | $882,991 | $145,153 | $737,838 |
| 2015 | $11,619 | $869,728 | $142,973 | $726,755 |
| 2014 | $11,749 | $852,692 | $140,173 | $712,519 |
Source: Public Records
Agents Affiliated with this Home
-
Andres Diaz
Seller's Agent in 2023
Andres Diaz
KW Westside Estates
(323) 376-2469
1 in this area
24 Total Sales
-
Scott Chaplan
Buyer's Agent in 2023
Scott Chaplan
Del Rey Urban Brokerage Inc
(310) 497-3628
2 in this area
8 Total Sales
-
Consuela Kielbowicz
Buyer Co-Listing Agent in 2023
Consuela Kielbowicz
Del Rey Urban Brokerage Inc
(310) 435-6602
4 in this area
14 Total Sales
Map
Source: The MLS
MLS Number: 22-215457
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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