49 Wavecrest Avenue, Venice, CA 90291

Venice
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
49 Wavecrest Avenue,Venice, CA 90291
$2,200,000
Virtual Tour
  • 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:57 day(s) ago
  • Updated:June 29, 2026 at 01:44 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:8
  • 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
  • Levels:Multi Split

Finances and disclosures

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

Features and amenities

  • Appliances:Disposal
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2026 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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