49 Wavecrest Ave Los Angeles, CA 90291
Venice NeighborhoodEstimated payment $13,864/month
Highlights
- Craftsman Architecture
- Venice High School Rated A
- 1-minute walk to Westminster Dog Park
About This Home
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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #01802527 Listed on: 04/27/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1907
Home Design
- Craftsman Architecture
Interior Spaces
- 3,964 Sq Ft Home
- 2-Story Property
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 8 Bathrooms
Additional Features
- 3,185 Sq Ft Lot
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 4226-003-029
Community Details
Overview
- 2 Buildings
- 7 Units
Building Details
- Rent Control
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | For Sale | $2,200,000 | -- | $555 / Sq Ft |
Source: The MLS
MLS Number: 26811603
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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