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19 Wavecrest Avenue

Venice, CA 90291
  • $5,500,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: SB24011415
UPDATED: 28 min ago
$5,500,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1912
County:
Area:

School Ratings & Info

Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Parker Boehle of ()


Description

19 Wavecrest Ave Apartments is a 10-unit apartment community located 130+ feetfrom the Venice Boardwalk and beach. Residents enjoy the benefits of living in theheart of venice as he property is in close proximity to Abbot Kinney, Santa MonicaPier, and much more.19 Wavecrest Ave offers (7) one-bedroom apartments each measuringapproximately 650 square feet, (2) two bedroom/one bath apartments eachmeasuring approximately 815 square feet, and (1) two bedroom-two bathPenthouse unit measuring approximately 1,100 square feet. The penthouse unitfeatures a jacuzzi, rooftop deck, and has views of the Pacific Ocean and entirecity of Los Angeles.Potential to have (5) units delivered vacant at the close of escrow, with thepenthouse unit having potential to be leased back at market rate. Units featureocean views, Spanish tiling, and private patios. There is laundry on site.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T19:31:05.867. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147074847
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19 Wavecrest Avenue Venice, CA 90291

  • Price: $5,500,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 28 min ago
  • ID#: SB24011415
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1912
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
19 Wavecrest Ave Apartments is a 10-unit apartment community located 130+ feetfrom the Venice Boardwalk and beach. Residents enjoy the benefits of living in theheart of venice as he property is in close proximity to Abbot Kinney, Santa MonicaPier, and much more.19 Wavecrest Ave offers (7) one-bedroom apartments each measuringapproximately 650 square feet, (2) two bedroom/one bath apartments eachmeasuring approximately 815 square feet, and (1) two bedroom-two bathPenthouse unit measuring approximately 1,100 square feet. The penthouse unitfeatures a jacuzzi, rooftop deck, and has views of the Pacific Ocean and entirecity of Los Angeles.Potential to have (5) units delivered vacant at the close of escrow, with thepenthouse unit having potential to be leased back at market rate. Units featureocean views, Spanish tiling, and private patios. There is laundry on site.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.16 Common Interest Community Apartment Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 435036 Gross Scheduled Income 435036 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Net Operating Income 283875 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 139850 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T19:31:05.867. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Parker Boehle of ()