19 Wavecrest Avenue
Description
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...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. Potential to have (5) units delivered vacant at the close of escrow, with the
penthouse unit having potential to be leased back at market rate. Units feature
ocean views, Spanish tiling, and private patios. There is laundry on site.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
- Listed by Parker Boehle • DRE #02054215 • Brokerage DRE #01858487 • NorthMarq Realty Services, Inc
Property Details for 19 Wavecrest Avenue
Property Details for 19 Wavecrest Avenue
| Status | Active |
|---|---|
| MLS # | SB24011415 |
| Days on Market | 293 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1912 |
| County | Los Angeles County |
Building Information for 19 Wavecrest Avenue
Property Information for 19 Wavecrest Avenue
- Gross Income: $460,056
- Gross Scheduled Income: $460,056
- Vacancy Allowance Rate: 3
- Gross Operating Income: $446,254
- Net Operating Income: $310,392
- Gross Multiplier: 11.26
- Cap Rate: 5.97
- Operating Expense: $137,603
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $137,603
- Tax Block: 2
- Tax Tract Number: 1234
- Tax Census Tract: 2734.03
- CFD/Mello-Roos Fee: $0
- Tax Lot: 11
- Community Features: Urban
- Laundry: Yes
- Laundry Features: Community
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 10
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $3,300
- Unit Type Total Rent: $3,300
- Unit Type Pro Forma: 3300
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $6,995
- Unit Type Total Rent: $6,995
- Unit Type Pro Forma: 6995
- Unit Type Type: 10
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $3,300
- Unit Type Total Rent: $3,300
- Unit Type Pro Forma: 3300
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,113
- Unit Type Total Rent: $2,113
- Unit Type Pro Forma: 3300
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $4,500
- Unit Type Total Rent: $4,500
- Unit Type Pro Forma: 4500
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $4,500
- Unit Type Total Rent: $4,500
- Unit Type Pro Forma: 3300
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $3,300
- Unit Type Total Rent: $3,300
- Unit Type Pro Forma: 3300
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $4,500
- Unit Type Total Rent: $4,500
- Unit Type Pro Forma: 4500
- Unit Type Type: 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,650
- Unit Type Total Rent: $2,650
- Unit Type Pro Forma: 3300
- Unit Type Type: 8
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $3,180
- Unit Type Total Rent: $3,180
- Unit Type Pro Forma: 3300
- Unit Type Type: 9
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 1
- Number Of Separate Gas Meters: 1
- Number Of Separate Water Meters: 1
Property History for 19 Wavecrest Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 19 Wavecrest Avenue
Schools near 19 Wavecrest Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Westminster Avenue Elementary School PublicK to 5 | ||
Venice Senior High School Public9 to 12 | ||
Animo Venice Charter High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763; NorthMarq Realty Services, Inc, Parker Boehle, DRE #02054215
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.