If you need assistance, please call 310-863-3174

19 Wavecrest Ave, Venice, CA 90291
6 Beds
10 Baths
7,281 sqft

Share

   
OR
Photos
Map
Street
Investment opportunity just feet from the sand in world famous Venice Beach. The home of LAs hottest tech scene, avant garde dining and retail on Abbot Kinney, as well as the most highly sought-after rental submarket on the West Coast! The subject property is ideally-located off Speedway, which is the 1st street from the famous Boardwalk. This vintage building has character inside and out - highlighted with Spanish tile surfaces and tub surrounds, in the kitchens and baths. The units have been largely redone, throughout, with mostly copper plumbing and a one-year old roof. The Seller plans to deliver at least 8 of the 10 units vacant and market-rent-ready at the close of escrow! And the Seller will likely leaseback the large 2 Bed/1 Bath Penthouse at a market rent, after closing, as well. The penthouse has a large deck with hot tub, as well as a 2nd rooftop deck with vast views of the Pacific and the whole LA Basin. A charming asset with massive unrealized upside in a location.
  • Price:
  • $6,995,000
  • Bedrooms:
  • 6
  • Square Footage:
  • 7,281
  • Acreage:
  • 0.06
  • Year Built:
  • 1912
  • Listing ID #:
  • 19496890
  • Street Address:
  • 19 Wavecrest Ave
  • City:
  • Venice
  • State:
  • California
  • Postal Code:
  • 90291
  • County:
  • Los Angeles
  • Community:
  • Venice
  • Listing Status:
  • Active
  • Building Floors:
  • 4
  • Number Of Units:
  • 10
  • Square Footage Source:
  • Public Records
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 7281
  • Unit1 Bedrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit3 Bedrooms:
  • 2
  • Unit4 Bedrooms:
  • 2
  • Year Built:
  • 1912
  • Adjusted Gross Income:
  • 460362.00
  • Net Operating Income:
  • 316564.00
  • Approximate Lot Size Range Source:
  • Public Records
  • Lot Square Footage:
  • 2698
  • Days On Market:
  • 11
  • Price Per Square Foot:
  • 960.72
  • Kitchen Appliances:
  • Range
  • Parking Type:
  • Offsite
  • Heating:
  • Wall Heater
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Originating MLS: CLAW
  • CARETS

Similar Properties

Image Unavailable
ACTIVE
$7,650,000
2504 Pacific Ave, Venice, CA 90291
18 Beds | 18 Baths
CARETS Originating MLS: CLAW
Image Unavailable
ACTIVE
$7,449,000
1210 Morningside Way, Venice, CA 90291
5 Beds | 8 Baths
CARETS Originating MLS: CLAW