19 Wavecrest Ave, Venice, CA 90291

$6,999,000
10
BA
7,281
SqFt
List Price
$6,999,000
MLS#
22-208067
Year Built
1912
Bathrooms
10
Living Sq. Ft
7,281
Lot Size
2,698
Days on Market
52
Property Type
Multifamily
Stories
4

Property Description

Mere feet from sand and surf at world-famous Venice Beach. The subject property is a vintage 4-story, 10-unit property in, arguably, the most sought-after rental market in all of LA - minutes to haute couture shopping and dining along Abbot Kinney. This "lobby" building has character throughout -highlighted with Spanish tile accents in the kitchens and baths. Copper plumbing and a newer roof, too. The Seller will leaseback the 2 Bed/1Bath Penthouse at a market rent, after closing. The penthouse has a large deck with hot tub, as well as a rooftop deck with vast views of the Pacific and the whole LA Basin. THE OTHER 9 UNITS CAN BE DELIVERED VACANT, AT BUYERS REQUEST. POTENTIAL FOR 100% OF THE UNITS AT A MARKET RENT AT CLOSING. You won't inherit any lagging rents, at close of escrow, unlike 99% of other deals in Los Angeles.

Additional Information

Other Buildings
None
Heat
Wall
Cooling
None
Number of Cars in Garage
Other

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Courtesy of , Brice Head - CA DRE#

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