19 Wavecrest Ave - Apartments FOR SALE


Venice, CA 90291
$5,500,000 USD
310-259-7556
19 Wavecrest Ave, Venice, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

19 Wavecrest Ave
Venice, CA 90291


HIGHLIGHTS

  • Amazing Venice Location-Steps to the Boardwalk
  • Impressive Unit Mix-7 One Bedrooms and 3 Two's
  • Vacancy-Potential to Deliver as Many as 8 Vacancies at the Close
  • Impressive Upgrades-Several Units with Impressive Renovations

OVERVIEW

SELLER FINANCING AVAILABLE! 19 Wavecrest Ave Apartments is a 10-unit apartment community constructed in 1912. 19 Wavecrest Ave Apartments is a 10-unit apartment community located 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. Plumbing and electrical have been updated. Potential to have (8) units delivered vacant at the close of escrow. Units feature ocean views, Spanish tiling, and private patios. There is laundry on site.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$755 USD /SF

# OF UNITS

10

PRICE/UNIT

$550,000

CAP RATE

Request Cap Rate

% LEASED

30%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RD1.5-1, Venice

APN/PARCEL ID

4226-003-010

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.