Agent's remarks about 19 Wavecrest Ave
Investment opportunity just feet from the sand in world famous Venice Beach. The home of LAs hottest tech scene, avant garde dining and retail on Abbot Kinney, as well as the most highly sought-after rental submarket on the West Coast! The subject property is ideally-located off Speedway, which is the 1st street from the famous Boardwalk. This vintage building has character inside and out - highlighted with Spanish tile surfaces and tub surrounds, in the kitchens and baths. The units have been largely redone, throughout, with mostly copper plumbing and a one-year old roof. The Seller plans to deliver 9 of the 10 units vacant and market-rent-ready at the close of escrow! And the Seller will likely leaseback the large 2 Bed/1 Bath Penthouse at a market rent, after closing, as well. The penthouse has a large deck with hot tub, as well as a 2nd rooftop deck with vast views of the Pacific and the whole LA Basin. A charming asset with massive unrealized upside in a location.
Map location for 19 Wavecrest Ave
Directions: South on Speedway to Wavecrest turn left
Listing courtesy of Marcus & Millichap Brice Head BRE# 01330706
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The property on 19 Wavecrest Ave, Venice, CA 90291 is listed for $6,995,000 as MLS #19496890. This 0 bedroom, 0 bathroom sqft built in 1912 located in Venice, CA 90291. For more information regarding this or any other property in Venice, please contact us at (424) 272-1339.
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