$4,599,999

19 Wavecrest Ave Los Angeles, CA 90291

Venice Neighborhood

Estimated payment $30,225/month

Total Views 1,867
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:

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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)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25096121

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90291 Venice

19 Wavecrest Ave, Los Angeles, CA

This home is located at 19 Wavecrest Ave, Los Angeles, CA 90291 and is currently priced at $4,599,999, approximately $631 per square foot. This property was built in 1912. 19 Wavecrest Ave is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes
Cameron Samimi
Listing Agent
Cameron Samimi
Section Image
Lyon Stahl Investment Real Estate, Inc.
(310) 361-2723