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49 Wavecrest Avenue, 
Venice, CA 90291

$2,200,000


6

Beds


8

Baths


3,964

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Keith Moret

Nicholas Ensbury

Lyon Stahl Investment Real Estate, Inc.

310-425-9838

Last updated:

May 3, 2026, 03:34 AM

MLS#

26811603

Source:

CRMLS

About This Home

49 Wavecrest Avenue

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.

Home Facts

Multi-Family

8 Baths

6 Bedrooms

Built in 1907

Price Summary

2,200,000

$554 per Sq. Ft.

MLS #:

26811603

Last Updated:

May 3, 2026, 03:34 AM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

8

Interior

Living Area:

3,964 Sq. Ft.


Structure

Structure

Architectural Style:

Craftsman

Building Area:

3,964 Sq. Ft.

Year Built:

1907


Lot

Lot Size (Sq. Ft):

3,184


Finances & Disclosures

Finances

Price:

$2,200,000

Price per Sq. Ft:

$554 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Select Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Select Realty, a broker participant of California Regional MLS (Southern California). 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. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

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