19 Wavecrest Ave

Venice, CA, 90291

$6,999,000

$961 per ft²
$6,999,000
$961 per ft²
Active
Active
 - For Sale
baths
10 Baths
carpenters-square
7,281 ft²
property_type
Multi-family
calendar
Built 1912
Mere feet from sand and surf at world-famous Venice Beach. The subject property is a vintage 4-story, 10-unit property in, arguably, the most sought-after rental market in all of LA - minutes to haute couture shopping and dining along Abbot Kinney. This "lobby" building has character throughout -highlighted with Spanish tile accents in the kitchens and baths. Copper plumbing and a newer roof, too. The Seller will leaseback the 2 Bed/1Bath Penthouse at a market rent, after closing. The penthouse has a large deck with hot tub, as well as a rooftop deck with vast views of the Pacific and the whole LA Basin. THE OTHER 9 UNITS CAN BE DELIVERED VACANT, AT BUYERS REQUEST. POTENTIAL FOR 100% OF THE UNITS AT A MARKET RENT AT CLOSING. You won't inherit any lagging rents, at close of escrow, unlike 99% of other deals in Los Angeles.
MLS® ID:
22-208067
Listed:
10/11/22
Updated:
2/8/23

Interior Features

Total Bedrooms
0
Total Bathrooms
10
Cooling
None
Heating
Wall

Exterior/Building Features

Lot Size
2,698 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Other
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LARD1.5

Courtesy of CBRE, Inc., Brice Head,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Valnes and Company shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/8/23

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