Venice, CA 90291 19 Wavecrest Avenue
$5,200,000
16 more
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
SQFT • 7,280
Home Details
19 Wavecrest Ave Apartments is a 10-unit apartment community located 130+ feet
from the Venice Boardwalk and beach. Residents enjoy the benefits of living in the
heart of venice as he property is in close proximity to Abbot Kinney, Santa Monica
Pier, and much more.
19 Wavecrest Ave offers (7) one-bedroom apartments each measuring
approximately 650 square feet, (2) two bedroom/one bath apartments each
measuring approximately 815 square feet, and (1) two bedroom-two bath
Penthouse unit measuring approximately 1,100 square feet. The penthouse unit
features a jacuzzi, rooftop deck, and has views of the Pacific Ocean and entire
city of Los Angeles.
Potential to have (5) units delivered vacant at the close of escrow, with the
penthouse unit having potential to be leased back at market rate. Units feature
ocean views, Spanish tiling, and private patios. There is laundry on site.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
Interior Features for 19 Wavecrest Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories4
Other Rooms
Entry Level1
General for 19 Wavecrest Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.97
Carport Y/NNo
CityVenice
Community FeaturesUrban
CountyLos Angeles
Days on Market237
DirectionsNear Pacific Ave and Abbot Kinney Blvd
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Expected Active Date 2024-01-30
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income460056.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet2698.0
Lot Size UnitsSquareFeet
MLS AreaC11 - Venice
MobileHomeRemainsYNNo
Net Operating Income310392.0
New ConstructionNo
NumberOfUnitsTotal10
Operating Expense137603.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot11
TermsCash, CashToNewLoan, Conventional, Exchange1031
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1912
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 19 Wavecrest Avenue
Building Area Total7280.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.0619
Lot Size Area2698.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480