$5,500,000 Price Analysis   ♡   Venice, CA 90291 13 bed 10 bath 7,280 SqFt ($755/SqFt) 2,698SqFt lot. Built 1912 Listed 2024-01-30, Taxes $19,454 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
19 Wavecrest Ave Apartments is a 10-unit apartment community locted 130+ feet from the Venice Boardwalk and beach.
Residents enjoy the benefits of living in the heart of venice as he property is in close proximity to Abbot Kinney, Santa Monica Pier and much more. 19 Wavecrest Ave offers (7) one-bedroom apartments each measuring approximately 650 square feet, (2) two bedroom/one bath apartments each measuring approximately 815 square feet and (1) two bedroom-two bath Penthouse unit measuring approximately 1, 100 square feet.
The penthouse unit features a jacuzzi, rooftop deck and has views of the Pacific Ocean and entire city of Los Angeles. Potential to have (5) units delivered vacant at the close of escrow, with the penthouse unit having potential to be leased back at market rate. Units feature ocean views, Spanish tiling and private patios. There is laundry on site.
Presented by Cameron Samimi at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24011415 from CRMLS
Lot Size Acres: 0.0619376
Lot Size Source: Assessor
Lot Size Square Feet: 2698
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 2
Bedrooms in Unit-9: 1
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
County: Los Angeles
Cap Rate: 5.58
Source Property Type: Residential Income
Area: C11 - Venice
Source Neighborhood: C11 - Venice
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 4226003010
Postal Code Plus 4: 6202
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $413,193 + $1,164,341 $1,577,534 | $19,454 |
| 2021 | $405,092 + $1,141,511 $1,546,603 | $19,186 |
| 2020 | $400,939 + $1,129,807 $1,530,746 | $19,373 |
| 2019 | $393,078 + $1,107,654 $1,500,732 | $18,626 |
| 2018 | $385,371 + $1,085,936 $1,471,307 | $18,572 |
| 2017 | $377,815 + $1,064,644 $1,442,459 | $18,149 |
| 2016 | $370,407 + $1,043,769 $1,414,176 | $17,690 |
| 2015 | $364,844 + $1,028,091 $1,392,935 | $17,439 |
| 2014 | $357,698 + $1,007,953 $1,365,651 | $17,550 |
| 2013 | $356,082 + $1,003,398 $1,359,480 | $17,545 |
| 2012 | $349,100 + $983,724 $1,332,824 | $17,778 |
| 2010 | $342,255 + $964,436 $1,306,691 | $17,328 |
| 2009 | $340,505 + $959,504 $1,300,009 | $16,693 |
| 2009 | $339,698 + $957,229 $1,296,927 | $16,693 |
| 2008 | $333,829 + $940,691 $1,274,520 | $15,992 |
| 2007 | $327,284 + $922,247 $1,249,531 | $15,457 |
$5,500,000
CRMLS
Listing removed 2022-12-26
$0
TurboTenant
Listing removed 2022-12-26
$0
Zumper
Listed for rent 2022-10-27
$3,500
TurboTenant
Listed for rent 2022-10-27
$3,500
Zumper
Listing removed 2020-01-27
$0
TheMLSCLAW
Listed 2019-08-06
$6,995,000
TheMLSCLAW
Sold 2000-11-22
$1,111,000
Public Record
Sold 1993-04-28
$618,000
Public Record
Sold 1989-05-31
$974,000
Public Record
Sold 1986-01-23
$570,000
Public Record
Year Built: 1912
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 112
Property Attached: Yes
Building Total Stories: 4
Structure Type: Apartment
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.