49 Wavecrest Avenue, Venice (los Angeles), CA 90291

• 3,964 sqft

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.

Listing Status:

Active

Date Added:

April 27, 2026

Data Last Updated:

May 20, 2026 at 12:09PM

Listing Office:

Lyon Stahl Investment Real Estate, Inc. : 310-425-9838

Listing Agent:

Keith Moret : 310-563-7144

MLS ID:

CL26811603

Interior

• A/C: None
• Heating: Natural Gas

Exterior

• Parking: None

Location

• County: Los Angeles

Lot

• Zoning: LARD1.54226003029