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19 Wavecrest Ave
Venice, CA 90291

$5,200,000 USD

Apartments For Sale • 7,281 SF

Property Details

Property Type Apartments
Total Building Size 7,281 SF
Lot Size 0.06 AC
Building Class C
Year Built 1912
Cap Rate 8.58 %
Zoning RD1.5-1, Venice

52 Transit Score

95 Walk Score

                
                    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 5 Vacancies at the Close
                            
                                Impressive Upgrades-Several Units with Impressive Renovations
                            
                                Priced to Sell at a 5.97% Cap Rate & 11.26 GRM on Current Income

Property Flyers

19 Wavecrest Ave, Venice_OM

Financial Summary (Actual)

Net Operating Income: $308,651 USD (2023)

Cap Rate:	8.58 %
Total Expenses:	$137,603 USD

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	15 min	-	7.5 mi
Bob Hope	38 min	-	24.4 mi
Long Beach (Daugherty Field)	37 min	-	26.7 mi

Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate

19 Wavecrest Ave Venice, CA 90291