Listed by Brice Head, CBRE, Inc.,

19 Wavecrest Avenue

Venice, CA, 90291

$6,999,000

$961 per ft²
$6,999,000
$961 per ft²
Active
Active
 - For Sale
baths
10 Baths
carpenters-square
7,281 ft²
property_type
Multi-family
calendar
Built 1912
Mere feet from sand and surf at world-famous Venice Beach. The subject property is a vintage 4-story, 10-unit property in, arguably, the most sought-after rental market in all of LA - minutes to haute couture shopping and dining along Abbot Kinney. This "lobby" building has character throughout -highlighted with Spanish tile accents in the kitchens and baths. Copper plumbing and a newer roof, too. The Seller will leaseback the 2 Bed/1Bath Penthouse at a market rent, after closing. The penthouse has a large deck with hot tub, as well as a rooftop deck with vast views of the Pacific and the whole LA Basin. THE OTHER 9 UNITS CAN BE DELIVERED VACANT, AT BUYERS REQUEST. POTENTIAL FOR 100% OF THE UNITS AT A MARKET RENT AT CLOSING. You won't inherit any lagging rents, at close of escrow, unlike 99% of other deals in Los Angeles.
MLS® ID:
22208067
Listed:
10/11/22
Updated:
12/1/22

Interior Features

Total Bedrooms
0
Total Bathrooms
10
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
2,698 ft² lot

Other Property Details

Area Name
C11 - Venice
Garage
No
Parking
N
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LARD1.5

Courtesy of CBRE, Inc., Brice Head,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 12/1/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 7:26 AM UTC, 12/1/22

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