19 Wavecrest ave, Venice, CA 90291
Active
$4,599,999
10 Units
13 Beds
10 Baths
7,280 Area(sq.ft.)
Lot: 2,698 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 3,300 | $ 3,300 | $ 3,300 |
| Unit 10 | 1 | 2 | 1 | No | $ 6,995 | $ 6,995 | $ 6,995 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,000 | $ 2,000 | $ 3,300 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,073 | $ 2,073 | $ 3,300 |
| Unit 4 | 1 | 2 | 1 | No | $ 4,500 | $ 4,500 | $ 4,500 |
| Unit 5 | 1 | 1 | 1 | No | $ 3,300 | $ 3,300 | $ 3,300 |
| Unit 6 | 1 | 1 | 1 | No | $ 3,300 | $ 3,300 | $ 3,300 |
| Unit 7 | 1 | 2 | 1 | No | $ 4,500 | $ 4,500 | $ 4,500 |
| Unit 8 | 1 | 1 | 1 | No | $ 2,650 | $ 2,650 | $ 3,300 |
| Unit 9 | 1 | 1 | 1 | No | $ 3,300 | $ 3,300 | $ 3,300 |
| 10 | 13 | 10 | $ 35,918 | $ 35,918 | $ 39,095 |
| MLS #: | SB25096121MR |
| Days On Market: | 219 |
| Listing Date: | May 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 632 |
| Price per unit: | $ 460,000 |
| Year Built: | 1912 |
Property Details
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 (8) 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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 419,826 |
| Total Annual Expense: | $ 129,155 |
| Net Operating Income: | $ 290,671 |
| Cap Rate: | 6.32% |
| Gross Rent Multiplier: | 10.63 |
| Actual Gross Rent: | $ 418,086 |
Structure
| Community Features: | Urban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LARD1.5 |
| Land Lease Type: | Fee |
Interior
| Laundry: | Community |
Exterior
| Pool: | No |
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