ActiveSingleFamilyResidence

123 Wavecrest Avenue

Venice, CA, 90291

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$2,200,000

MLS: 26830159

Beds

3

Baths

3

Sq Ft

1,802

Lot

0.05 ac

Year Built

1919

MLS #

26830159

Days on Market

8

Listed

May 5, 2026

Description

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.

Location

Venice, Los Angeles County, CA 90291

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Listed by: Kacey Barnett · Sail Realty

Payment estimate

$15,945

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $220,000 · Loan: $1,980,000

%
Principal & Interest
$12,528
Property tax (1.25%)
$2,292
Homeowners insurance
$300
Mortgage insurance
$825
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Today's Rates

As of May 21, 2026

30-year fixed
6.51%
15-year fixed
5.85%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

About the area · Mike Watson

About the Antelope Valley

The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Venice home with as little as 3.5% down using an FHA loan — roughly $77,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

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Listing data provided by the MLS · Presented by Watson & Associates · Keller Williams Realty · mikewatsonrealtor.com
All information deemed reliable but not guaranteed. Contact listing agent to verify.