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49 Wavecrest Avenue, Venice, CA 90291

Venice
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
49 Wavecrest Avenue,Venice, CA 90291
$2,200,000
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  • 6 Beds
  • 8 Baths
  • 3,964 sq. ft.
  • Multi-family
  • Active
Listed by: keith moret, nicholas ensbury
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26811603
Source:CRMLS

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$554.99

About this home

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...

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Home facts

  • Year built:1907
  • Listing ID #:26811603
  • Added:45 day(s) ago
  • Updated:June 17, 2026 at 10:46 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:8
  • Kitchen Description:Disposal
  • Living area:3,964 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1907
  • Building area:3,964 sq. ft.
  • Lot area:0.07 Acres
  • Architectural Style:Craftsman

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$554.99

Features and amenities

  • Appliances:Disposal
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