Date
Details
Price
Change
Source
4/27/2026
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,200,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 49 Wavecrest Ave
General
- Price: $2,200,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26811603
- Updated: 5/2/2026
- Added to Site: 6 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Venice
- County: Los Angeles
- Driving Directions: West of Pacific Ave. , South of Rose Ave
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
Utilities
- # Gas Meters: 7
Structural Information
- # Buildings: 2
- Architectural Style: Craftsman
- Stories/Levels: 2
- Square Feet: 3,964
- Sq. Ft. Source: Assessor
- Year Built: 1907
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 7
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.0547
- Lot Size: 3185
- Lot Size Source: Assessor
- Alley: Yes
- Zoning: LARD1.5
- Lot Description: 2-4 Lots
Financial Considerations
- Price Per Sq. Ft.: $554.99
- Assessment Year: 1907
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 4226-003-029
Listed by Lyon Stahl Investment Real Estate, Inc., Keith Moret and Lyon Stahl Investment Real Estate, Inc., Nicholas Ensbury
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 49 Wavecrest Ave —
Keith Moret
Lyon Stahl Investment Real Estate, Inc.
Nicholas Ensbury
Lyon Stahl Investment Real Estate, Inc.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 49 Wavecrest Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Westminster Avenue Elementary School 1010 Abbott Kinney Blvd., Los Angeles, CA 90291 | K-5 | 0.2 mi |
Mark Twain Middle School and World Languages Magnet 2224 Walgrove Avenue, Los Angeles, CA 90066 | 6-8 | 1.9 mi |
Venice Senior High School 13000 Venice Boulevard, Los Angeles, CA 90066 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 49 Wavecrest Ave
Tax History
Tax History for 49 Wavecrest Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,808
2%
$498,352
4%
2023
$6,695
4%
$479,472
2%
2022
$6,421
1%
$470,081
2%
2021
$6,329
-1%
$460,874
1%
2020
$6,383
4%
$456,154
2%
2019
$6,161
1%
$446,750
2%
2018
$6,122
3%
$437,992
2%
2017
$5,961
3%
$429,405
2%
2016
$5,804
1%
$420,986
2%
2015
$5,730
-1%
$414,664
2%
2014
$5,790
—
$406,542
—
2013
$5,774
—
$404,706
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 49 Wavecrest Ave
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49 Wavecrest Ave, Venice, CA 90291 (MLS# 26811603) is a Multi-Family property with units containing 6 bedrooms and 0 full bathrooms. 49 Wavecrest Ave is currently listed for $2,200,000 and was received on April 27, 2026. Want to learn more about 49 Wavecrest Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles Southwest? You can browse all Los Angeles Southwest real estate or contact a Coldwell Banker agent to request more information.