$2,200,000
49 Wavecrest Avenue, Venice CA 90291
Multi-Family (7 Units)
Property type
34 days
On market
$555
Price per sqft
N/A
Garage
1907
Year built
3,185 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Keith Moret DRE #01802527 310-563-7144, Lyon Stahl Investment Real Estate, Inc., Nicholas Ensbury DRE #02012167, Lyon Stahl Investment Real Estate, Inc.
Listing updated: May 5, 2026 at 07:19am.
Last checked: Jun 5, 2026 at 03:30pm
Source: CRMLS #26811603
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,746 | $1,746 | $2,495 | Unfurnished |
| 1 | 1 | 2 | — | $2,265 | $2,265 | $2,600 | Unfurnished |
| 1 | 1 | 1 | — | $1,618 | $1,618 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,158 | $2,158 | $2,495 | Unfurnished |
| 1 | 0 | 1 | — | $2,038 | $2,038 | $2,100 | Unfurnished |
| 1 | 1 | 1 | — | $1,952 | $1,952 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,175 | $2,175 | $2,700 | Unfurnished |
# of Buildings: 2
# of Units Total: 7
Separate Electric Meters: 0
Separate Gas Meters: 7
Disposal: 7
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
13.1x
List Price / Annual Gross Rent
Cap Rate
4.34%
NOI / List Price
Vacancy Allowance Rate: 3%
Net Operating Income: $95,372
Interior
Cooling: None
Heating: Natural Gas
Appliances: Disposal
Exterior
Architectural Style: Craftsman
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 4226003029
Additional Parcels: Yes
Zoning: LARD1.5
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 49 Wavecrest Avenue, Venice, CA 90291. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,760,000
Total Interest
$2,244,783
Total Payment
$4,004,783
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$13,566
per month
Property History for 49 Wavecrest Avenue
Venice Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90291.
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