123 Wavecrest Avenue, Venice, California 90291, Venice, 90291 - 3 bed, 3 bath
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Venice, California 90291
This Prime Venice Duplex is listed at $2,200,000, situated on a coveted walk street steps from Abbot Kinney and Venice Beach. Boasting a Good Condition Rating from a 2017 renovation—including a new roof, updated electrical, and plumbing—the asset is fully move-in ready. While the $2,035,089 Fair Market Value aligns with premium coastal pricing, the vacant units and detached garage present a High-Potential Investment Opportunity for ADU development. Featuring City Lights Views and private outdoor space, this property is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a world-class location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 123 Wavecrest Avenue Subject | $2,200,000* List Price | 3 | 3 | 1,802 | $1,129 | - |
A 46 Wavecrest Avenue Sold | $2,010,000 | 3 | 3 | 1,924 | $1,045 | 0.1 mi |
B 24 20th Avenue Sold | $1,900,000 | 3 | 4 | 1,755 | $1,083 | 0.5 mi |
C 2332 Ocean Avenue Sold | $2,409,000 | 3 | 3 | 1,672 | $1,441 | 0.6 mi |
D 1410 Pacific Avenue Sold | $2,350,000 | 2 | 2 | 2,380 | $987 | 0.2 mi |
E 111 Dudley Avenue Sold | $2,350,000 | 4 | 5 | 1,998 | $1,176 | 0.4 mi |
F 416 Carroll Canal Sold | $2,475,000 | 1 | 2 | 1,660 | $1,491 | 0.6 mi |
G 552 Grand Boulevard Active | $2,395,000 List Price | 3 | 4 | 2,152 | $1,113 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a significant renovation in 2017 (7 years ago), which included a remodeled ground floor unit, new electrical, new plumbing, and a new roof. The kitchen and bathrooms feature modern finishes and stainless steel appliances. Since the renovation is between 5-15 years old, it is classified as Good, being well-maintained and move-in ready.
Situated on a desirable walk street, the property offers exceptional walkability to Venice Beach and Abbot Kinney while maintaining a secluded, quiet atmosphere.
The vacant duplex status and detached two-car garage provide a rare opportunity to add an ADU for additional income or to customize the space for an owner-user.
Major 2017 improvements including a new roof, updated electrical, and new plumbing mitigate the typical maintenance risks associated with a 1919 structure.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2245, living area = 1802.
The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO), which limits rental upside and imposes strict tenant management regulations.
A compact 2,245 square foot lot restricts outdoor living space and limits the potential for significant horizontal expansion or large-scale landscaping.
First time on the market in 47 years! This charming and updated duplex is located on a quiet walk street in a secluded part of Venice. Centrally located, this property is a short walk to Venice Beach, Abbot Kinney, Venice Boardwalk, Windward, Rose, etc. making it a truly unique property. In 2017, ground floor unit was remodeled as well as new electrical, plumbing & new roof. Both units have in-unit laundry. Private front and rear yards. Detached 2 car garage. A buyer can make this property their dream home, rent one and live in the other, or use it as a pure investment property with the possibility to add an ADU in the detached garage for additional income. The opportunities are endless! Both units are vacant. This property is under LA RSO and is legally a Duplex per the Certificate of Occupancy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,802 | 1,892.5 | 48% |
| Lot Size | 2,245 | 4,232 | 2% |
| Price | $2.20M | $2.31M | 46% |
| Price per sq ft | $1.2K | $1.3K | 39% |
| Built year | 1919 | 1948 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 165 | 1% |
May 5, 2026
$2,200,000
Initial Listing