$4,599,999

Estimated payment $29,786/month

Total Views 2,670
13 Beds
10 Baths
7,280 Sq Ft
$632 Price per Sq Ft

Highlights

  • Laundry Room
  • Venice High School Rated A
  • 2-minute walk to Westminster Dog Park

About This Home

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.

Listing Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 05/01/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Parker Boehle

NorthMarq Realty Services, Inc Brokerage Phone: 310-259-7556 License #02054215

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 2,698 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 7,280 Sq Ft Home
  • 4-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 10 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 11 / 2
  • Tax Tract Number 1234
  • Assessor Parcel Number 4226003010

Community Details

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $129,155
  • Gross Income $419,826
  • Net Operating Income $290,671

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • CapRate: 6.32
  • Price Per Unit: 460000
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4226003010
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Stories: 4
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 631.87

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2698.00
  • Lot Size Acres: 0.0619

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 419826.00
  • Gross Multiplier: 10.63
  • Gross Operating Income: 419826.00
  • Gross Scheduled Income: 419826.00
  • Lot Size Area: 2698.0000 Square Feet
  • Net Operating Income: 290671.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 129155.00
  • Rent Control: Yes
  • Total Actual Rent: 418086.00
  • Total Expenses: 129155.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 2734.03
  • Tax Lot: 11
  • Tax Tract Number: 1234

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $4,599,999 -- $632 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in the area

  • Unlisted Address

    $4,295,000

    • 6 Beds
    • 6 Baths
    • 4,260 Sq Ft

    An incredible opportunity to own a Venice income property featuring two nearly identical, townhome-style units just steps from Abbot Kinney. Each unit offers 3 bedrooms, 3 bathrooms, and stylish, loft-inspired living across multiple levels with private outdoor spaces. Live in one and rent the other, create a multi-generational compound, or enjoy the benefit of strong rental income potential.

    Jon Grauman Resident Group

    Section Image
  • 558 Rose Ave, Venice, CA 90291

    $4,995,000

    • 4 Beds
    • 5 Baths
    • 4,770 Sq Ft
    • 558 Rose Ave
    • Venice, CA

    Striking architectural live/work triplex centrally located on vibrant Rose Avenue in Venice. Three distinct live/work residences share a contemporary aesthetic defined by clean lines, soaring ceilings, and abundant natural light, reflecting the creative spirit of Venice itself. This property creates the perfect environment for design or creative oriented businesses: fashion designers, boutique

    Todd Henricks Compass

    Section Image
  • 12 & 12.5 25th Place Unit 2, Venice, CA 90291

    $3,395,000

    • 8 Beds
    • 8 Baths
    • 4,262 Sq Ft
    • 12 & 12.5 25th Place
    • Unit 2
    • Venice, CA

    Each 4-plex can be financed separately ! Side-by-side Corner Lot (2) 4-plexes right on the beach currently operating at a 5.20% CAP RATE! 12-12.5 25th Pl, Venice is a prime opportunity for any buyer looking to take advantage of residential financing and own in an A+ neighborhood. 7/8 units are renovated.Each unit offers comfortable living spaces and modern amenities, ensuring a

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 3501 Esplanade, Marina Del Rey, CA 90292

    $4,200,000

    • 6 Beds
    • 6 Baths
    • 3,797 Sq Ft
    • 3501 Esplanade
    • Marina Del Rey, CA

    Gorgeous Grand Canal duplex that feels like two distinct expansive single-family homes. Dream location on the Canal in serene Marina del Rey while steps to the Beach! 6 bedrooms/6 bathrooms, gourmet kitchens, private front yards, balconies on every living level, large rooftop deck, 10 parking spots, dog run, private garage, interior laundry in each townhouse side plus additional two private

    Alison Betts Douglas Elliman of California, Inc.

    Section Image
  • 7045 Trolleyway, Playa Del Rey, CA 90293

    $3,995,000

    • 6 Beds
    • 3 Baths
    • 2,252 Sq Ft
    • 7045 Trolleyway
    • Playa Del Rey, CA

    Incredible ocean views from this oceanfront Duplex in prime Playa Del Rey. Located right on the sand with spacious units and a patio with loads of potential. A remodeled 3-bedroom 1 bath unit on the lower level is delivered vacant along with a bonus studio with separate bathroom. The second floor 3-bedroom 1 bath unit is tenant occupied. Great for an investment property or a combination

    Joseph Cilic Sotheby's International Realty

    Section Image
  • 8420 Gulana Ave, Playa Del Rey, CA 90293

    $4,000,000

    • 7 Beds
    • 4 Baths
    • 3,193 Sq Ft
    • 8420 Gulana Ave
    • Playa Del Rey, CA

    Two beautiful well-maintained properties being sold together! Owner is motivated to sell! These properties have a great unit mix consisting of: two 3-bedroom units, three 2-bedroom units, two 1-bedroom units, and one studio! Combined approximately ~11,360 square foot of lot and approximately ~7,323 square foot of structure. This is a great investment opportunity due to its condition, layout,

    William Dawson Sullivan-Dituri Co.Realtors

    Section Image
  • 3826 Sawtelle Blvd, Los Angeles, CA 90066

    $5,490,000

    • 5 Beds
    • 4 Baths
    • 3,098 Sq Ft
    • 3826 Sawtelle Blvd
    • Los Angeles, CA

    ATTENTION!PLEASE NOTE : The listing price of $5,490,000. is for THREE contiguous / adjoining lots with one Grant Deed.Value in Location! Not ready to develop this one of a kind Large Total land area in the Westside of Los Angeles, in desirable Culver City? Then put this rare opportunity in your pipeline! Grab it now before anyone else! Good Luck!Described as follows:-(1) The

    VICTOR SEIN Victor Sein, Broker

    Section Image
  • 3837 Bentley Ave, Culver City, CA 90232

    $3,400,000

    • 8 Beds
    • 9.5 Baths
    • 4,792 Sq Ft
    • 3837 Bentley Ave
    • Culver City, CA

    ----$100,000 Price Improvement ---------A Rare find Triplex Built in 2018 with Solid Income ang Great Potential in Value Growth. Unit A : 2 BR/2.5 BA, Approx. 1,500 SF Current Rent Income approx. $3,710/M.Unit B : 3 BR/3 BA, Approx. 1,500 SF.Current Rent Income approx. $4,346/M.Unit C : 3 BR/4 BA, Approx. 1,800 SF.Current Rent Income approx. 4,770/M.Rent is Under Current Market. All Units

    Catherine Shen Coldwell Banker Realty

    Section Image
  • 10817 Lindbrook Dr, Los Angeles, CA 90024

    $3,995,000

    • 8 Beds
    • 7 Baths
    • 5,681 Sq Ft
    • 10817 Lindbrook Dr
    • Los Angeles, CA

    Rare opportunity to acquire in prime Westwood Village in proximity to UCLA. All 4 units are occupied. Drive by only. Inspection of units upon accepted offers only.

    Ben Clopot Nelson Shelton & Associates

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25096121

California Regional Multiple Listing Service (CRMLS)