Active

49 Wavecrest Avenue

Venice, CA 90291

$2,200,000 $9,275/Mo

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Overview

Bed

Bath

3,964

Sqft

3,185

Sqft(Lot)

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 met rics 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.

Property Details

Property Type : Residential Income

Price : $2,200,000

AD Id : 77919190

MLS Id : 26811603

Beds : 6

Lot Size : 3,185 Sqft

Living Area Size : 3,964

Year Built : 1907

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 6

Bathroom Information

Total Baths: 8 Full Baths: 0 Half Baths: 0
Interior Features

Property Appliances: Disposal
Cooling Features

None Air Conditioning

Heating Source

Natural Gas Has Heating

Building Information

Year Built: 1907 Building Area Total: 3,964

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0731
Lot Size Source: Assessor Lot Size Square Feet: 3185

Listing Price Information

Original List Price: 2,200,000 Listing Contract Date: 2026-04-27
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4226003029

Garage and Parking

Garage Description: None

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: C11 - Venice Postal Code Plus 4: 6213 Directions: West of Pacific Ave. , South of Rose Ave Zoning: LARD1.5 Source Property Type: Residential Income Area: C11 - Venice
Building and Construction

Property Age: 119 Year Built Source: Vendor Enhanced Total Square Feet Living: 3964 Levels or Stories: Multi/Split

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3932 Glencoe Avenue, Venice, CA, 90291	$4,299,000	4	6	4,325	4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291	$2,495,000	--	--	2,947	2,947 SqFt
2478 Glyndon Avenue, Venice, CA, 90291	$1,850,000	4	2	2,807	2,807 SqFt
2040 Glencoe Avenue, Venice, CA, 90291	$4,748,000	4	4	3,800	3,800 SqFt
2445 Glyndon Avenue, Venice, CA, 90291	$4,650,000	5	5	3,950	3,950 SqFt
2026 Louella Avenue, Venice, CA, 90291	$4,095,000	4	4	3,400	3,400 SqFt
2477 Walnut Avenue, Venice, CA, 90291	$1,885,000	4	2	1,398	1,398 SqFt
1347 Palms Boulevard, Venice, CA, 90291	$9,600,000	4	4	3,872	3,872 SqFt
2013 Louella Avenue, Venice, CA, 90291	$3,648,000	4	4	3,175	3,175 SqFt
2036 Glyndon Avenue, Venice, CA, 90291	$4,995,000	5	5	4,275	4,275 SqFt

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ByOwner last updated this listing 06/05/2026 @ 00:12

MLS: 26811603 LISTED BY: Keith Moret, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS