49 Wavecrest Ave, Venice, CA 90291
49 Wavecrest Ave, Venice, CA 90291
49 Wavecrest Ave, Venice, CA 90291
11
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$2,200,000
Est. payment /mo
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6 Beds
8 Baths
3,964 SqFt
Active

49 Wavecrest Ave Venice, CA 90291

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Herman Singh

Herman Singh

+1(718) 679-7822

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,964 sqft

Price per Sqft $554

MLS Listing ID 26811603

Style Craftsman

Bedrooms 6

Year Built 1907

Lot Size 3,185 Sqft

Acres 0.0547

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Venice

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling None

Equipment Garbage Disposal

Exterior

Parking Features None

Building

Lot Description 2-4 Lots

Story 2

Architectural Style Craftsman

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Herman Singh

Herman Singh

Broker

+1(718) 679-7822

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49 Wavecrest Ave