x
Views
Address
19 WAVECREST Avenue Venice, CA
Price
$ 6,995,000
Property Attributes
  • MLS#19496890
  • TypeIncome
  • CountyLOS ANGELES
  • CityVenice
  • AreaVenice
  • Zip90291
  • Style
  • Price$ 6,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7281
  • Lot Size2,696 SqFt
Listing Provided Courtesy Of:
Brice Head with Marcus & Millichap.
Property Description

Investment opportunity just feet from the sand in world famous Venice Beach. The home of LAs hottest tech scene, avant garde dining and retail on Abbot Kinney, as well as the most highly sought-after rental submarket on the West Coast! The subject property is ideally-located off Speedway, which is the 1st street from the famous Boardwalk. This vintage building has character inside and out - highlighted with Spanish tile surfaces and tub surrounds, in the kitchens and baths. The units have been largely redone, throughout, with mostly copper plumbing and a one-year old roof. The Seller plans to deliver 9 of the 10 units vacant and "market-rent-ready" at the close of escrow! And the Seller will likely leaseback the large 2 Bed/1 Bath Penthouse at a market rent, after closing, as well. The penthouse has a large deck with hot tub, as well as a 2nd rooftop deck with vast views of the Pacific and the whole LA Basin. A charming asset with massive unrealized upside in a location.

Price History
8/6/2019 Listed $6,995,000

General Features

Assessments None
Directions South on Speedway to Wavecrest turn left
Listagentaor Southwest Los Angeles
Listing Agent Brice Head - BRE#01330706
Listing Agent State License 01330706
MLS Area C11 - Venice
Price Per Square Foot 960.72
Source System CRMLS
Special Listing Conditions Standard
Total Units 10

Interior Features

Cooling None
Total Stories 4

Exterior Features

Building Area Total 7281.00
Lot Features Sprinklers None
Lot Size Acres 0.0619
Lot Size Area 2698.0000
Lot Size Source Assessor
Lot Size Square Feet 2698.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Off Site
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90291

Price
AVG $3.13M
$7M
Visits
AVG 20
128
Year Built
AVG 1945
1912
Walkscore
AVG 91
95
Data Provided by Walkscore ® not using MLS data

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