49 Wavecrest Avenue Venice, CA ^$ 2,200,000

49 Wavecrest Avenue

^$ 2,200,000

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Recently Listed

49 Wavecrest Avenue

Venice, CA, 90291

^$ 2,200,000

Studio Baths0.0 Sq 3,964

Monthly Estimate*

^$ 13,546

49 Wavecrest Avenue, Venice, CA 90291 - Image 1

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49 Wavecrest Avenue, Venice, CA 90291 - Image 3

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49 Wavecrest Avenue, Venice, CA 90291 - Image 10

49 Wavecrest Avenue, Venice, CA 90291 - Image 11

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Studio

Multi-Family Home for sale in Venice, CA

for $2,200,000. This 3,964 square foot home was built in 1907 on a lot size of 0.07.

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.

Multi-Family Active

Price

^$ 2,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Craftsman

Lot Size

0.07

Year Built

1907

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

0026811603

Features

General

Living Area 3964.0

Sewer None

Zoning LARD1.5

Architectural Style Craftsman

Year Built 1907

Levels Multi/Split

County Los Angeles

Net Operating Income 95372.0

New Construction No

Property Type C

HOA No

Status Active

City Venice

Senior Community Y/N No

MLS Area C11 - Venice

Lot Size Units Square Feet

Lot Size Square Feet 3185.0

Additional Parcels Y/N Yes

Virtual Tour https://tour.firstimpressionsla.com/order/379278af-da9c-46f7-8b40-08de9ad6db23?branding=false

Standard Status Active

Interior

Kitchen Appliances Disposal

Heater Fuel Type Natural Gas

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Total Baths 0

Exterior

Lot Size Area 3185.0

Foundation Details None

Pool Y/N? Yes

Building Area Total 3964.0

Lot Size Acres 0.07

Land Lease Type Fee

* Excluded Features

List By

Keith Moret

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

Affordability Calculator

$13,546

Per Month

Monthly Principal & Interest: $13,546
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Venice, CA

Average List Price ^$2,860,322

Percent of Sale Price 30%

About Venice, CA

29,124 Population

-6% Since 2002

^$89,009 Median Income

41.51 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/2/2026	$2,200,000		Listed Price

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49 Wavecrest Avenue, Venice, CA, 90291 is a Multi-Family Home for sale at $2,200,000 with 3,964 sqft and a lot size of 0.07. 49 Wavecrest Avenue is a studio with 0.0 baths and was built in 1907. The property's zip code is 90291 which is in Venice, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/2/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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49 Wavecrest Avenue

Multi-Family Home for sale in Venice, CA

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