49 Wavecrest Avenue, Venice, CA 90291 (MLS # 26811603)

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PRICE $2,200,000 dsIDX morgage calculator
BEDS 6
BATHS 8
HOME SIZE 3,964 sqft
LOT SIZE 3,185 sqft
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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 verification with the City of Venice.

DAYS ON MARKET 26 LAST UPDATED 5/2/2026
YEAR BUILT 1907 COMMUNITY C11 - Venice
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Disposal
AREA C11 - Venice
HEAT Natural Gas
LOT 3184 sq ft
LOT DIMENSIONS 3185
PARKING None
STORIES Split/Multi Level
STYLE Craftsman
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Listed with Lyon Stahl Investment Real Estate, Inc.

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