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Listed price in listed location currency (USD).
$2,200,000

680

MLS® 26811603

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3964 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1907
Avg. Price Per Sqft $554
MLS® Number 26811603

Property Address: 49 Wavecrest Ave, Venice, CA, 90291-6213

Average square foot calculated using Size range provided by listing agent.

Description

Located just one block from the sand at Venice Beach, this rare two parcel offering combines seven highly desirable units in one of Los Angeles' most iconic coastal neighborhoods. The unit mix includes one 1BR/1.5BA, four 1BR/1BA units, one studio, and a standalone 1BR/1BA cottage situated on the adjacent parcel at 1007 Pacific .In addition to its premier location, the property provides exceptional privacy and security with fenced and gated entry. A private, fenced courtyard at the front of the property serves as a shared outdoor space, while the rear area offers ample room for tenants to park and secure bicycles, the preferred mode of transportation at the beach. At the list price, the asset delivers a 4.34% cap rate with a pro forma cap rate of 5.43%, supported by competitive pricing metrics of $314, 000 per door and $555 per square foot, strong for a beach adjacent property . There may also be potential to subdivide the parcels for resale or owner/user occupancy, subject to verification with the City of Venice.
MLS® Number26811603
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1907
Basement
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 2, 2026List Date
$2,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
49 Wavecrest Ave, Venice, CA

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