tomo logo

$5,300,000

Beds
Unknown
sq ft
7,280

19 Wavecrest Ave, Venice, CA 90291

19 Wavecrest Ave

Venice, CA 90291

  • 153 days on market
    • Price drop $200,000↓
19 Wavecrest Ave Apartments is a 10-unit apartment community located 130+ feet from the Venice Boardwalk and beach. Residents enjoy the benefits of living in the heart of venice as he property is in close proximity to Abbot Kinney, Santa Monica Pier, and much more. 19 Wavecrest Ave offers (7) one-bedroom apartments each measuring approximately 650 square feet, (2) two bedroom/one bath apartments each measuring approximately 815 square feet, and (1) two bedroom-two bath Penthouse unit measuring approximately 1,100 square feet. The penthouse unit features a jacuzzi, rooftop deck, and has views of the Pacific Ocean and entire city of Los Angeles. Potential to have (5) units delivered vacant at the close of escrow, with the penthouse unit having potential to be leased back at market rate. Units feature ocean views, Spanish tiling, and private patios. There is laundry on site.

Details

Property type

Apartment

Lot size

2,698 sq ft

Price per sq ft

$729

Year built

1912

Price History

06/25/2024
CRMLS

CRMLS #SB24011415

Price change
$5,300,000
-3.64%
01/30/2024
CRMLS

CRMLS #SB24011415

Listed
$5,500,000

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Energia Organica Sociedad Anonima De Cap

Loan start date

May 2023

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Commercial

Seller

Raul Andres Hinojosa Ojeda and Wavecrest Enterprises Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 11:05 AM

Listing updated: 06/25/2024 at 1:03 PM

Listed by: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838

MLS: CRMLS #SB24011415

CRMLS logo

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