MLS® ID: 19496890

19 WAVECREST Avenue

Venice, California, 90291

$6,995,000 Active
  • - SQFT
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.
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Listing courtesy of Marcus & Millichap

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    90291
  • Office name
    Marcus & Millichap
  • SQFT
    0
  • Bedrooms
    0
  • Year built
    1912
  • Lot size
    2698.00
  • Tax year
    0
  • Agent name
    Brice Head
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    CLW-X7515105
  • Agent ID
    CLW-C128981

Location

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