19 Wavecrest Avenue Venice, CA ^$ 5,500,000

19 Wavecrest Avenue

^$ 5,500,000

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19 Wavecrest Avenue

Venice, CA, 90291

^$ 5,500,000

Bedrooms13 Baths10.0 Sq 7,280

Monthly Estimate*

^$ 38,419

Listed by Lyon Stahl Investment Real Estate, Inc.

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Multi-Family Home for sale in Venice, CA

for $5,500,000 with 13 bedrooms and 10 full baths. This 7,280 square foot home was built in 1912 on a lot size of 0.0619.

19 Wavecrest Ave Apartments is a 10-unit apartment community located 130+ feet from the Venice Boardwalk and beach. Residents enjoy the benefits of living in the heart of venice as he property is in close proximity to Abbot Kinney, Santa Monica Pier, and much more. 19 Wavecrest Ave offers (7) one-bedroom apartments each measuring approximately 650 square feet, (2) two bedroom/one bath apartments each measuring approximately 815 square feet, and (1) two bedroom-two bath Penthouse unit measuring approximately 1,100 square feet. The penthouse unit features a jacuzzi, rooftop deck, and has views of the Pacific Ocean and entire city of Los Angeles. Potential to have (5) units delivered vacant at the close of escrow, with the penthouse unit having potential to be leased back at market rate. Units feature ocean views, Spanish tiling, and private patios. There is laundry on site.

Multi-Family Active

Price

^$ 5,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.0619

Year Built

1912

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

SB24011415

Days on Market

106

Features

General

Sewer PublicSewer

Zoning LARD1.5

Garage Spaces 0.0

Pool Features None

Year Built 1912

Property SubType Apartment

Gross Income 460056.0

Community Features Urban

County Los Angeles

Net Operating Income 306894.0

Operating Expense 141101.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Near Pacific Ave and Abbot Kinney Blvd

City Venice

Entry Location Front

View Y/N N

Senior Community Y/N N

Total Units 10

MLS Area C11 - Venice

Lot Size Square Feet 2698.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Wavecrest

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 43

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 11

Property Sub Type Additional Apartment

Expected Active Date 2024-01-30

Cap Rate 5.58

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 0.0

Lot Size Area 2698.0

Number of Buildings 1

Spa N

Building Area Total 7280.0

Lot Size Acres 0.0619

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 1

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 4

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 19

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 425-9838

Phone

Affordability Calculator

$38,419

Per Month

Monthly Principal & Interest: $38,419
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Venice, CA

Average List Price ^$2,973,457

Percent of Sale Price 46%

About Venice, CA

29,124 Population

-6% Since 2002

^$89,009 Median Income

41.51 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/30/2024	$5,500,000		Listed Price

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19 Wavecrest Avenue, Venice, CA, 90291 is a Multi-Family Home for sale at $5,500,000 with 7,280 sqft and a lot size of 0.0619. 19 Wavecrest Avenue has 13 bedrooms, 10.0 baths, and was built in 1912. The property's zip code is 90291 which is in Venice, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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19 Wavecrest Avenue

Multi-Family Home for sale in Venice, CA

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