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$ 2,995,000
Est. payment /mo
Price Dropped by $400K
40 18th AVE Venice, CA 90291
5 Beds
4 Baths
2,591 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,591 sqft
Price per Sqft $1,155
MLS Listing ID 26845873
Bedrooms 5
HOA Y/N No
Year Built 1970
Lot Size 2,840 Sqft
Property Description
New Pricing now a 6.48% Cap Rate! Designer triplex where the city meets the sand on a quaint brick road in Venice Beach. Two blocks from the rumored new Venice Soho House and the 2028 Olympic Triathlon finish line, the location is next to none and anchors the Windward Circle and Boardwalk scenes. This restored, 3-unit property offers strong income with a proven track record in 30 day rentals and long term rentals. There are multiple cash flow options to choose from: 1031 and continue the lucrative Airbnb rental business plan, move into a unit and lease the others to mitigate your mortgage, or rent the entire property with standard long term leases and less turnover. No matter what path you choose, you will be riding the large Windward Circle wave of upside as the area continues to surprise and delight with new restaurants and activities. Each unit is separately metered, has AC, has private outdoor space, private laundry and 1 parking spot. This property has been lovingly updated with mid century flair and high-end finishes and is ready for the next set of hands. Furniture purchase option available. More Fun Facts - Unit #1 is booked for $10k/month for 5 months end of 2026. Check out the attached OM and Property Video.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAR3
Interior
Heating Electric
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer
Exterior
Parking Features Assigned, Covered, Carport
Carport Spaces 3
Total Parking Spaces 3
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4226011020
Special Listing Condition Standard
Listed by Amanda Robertson Amanda Robertson #01405403
NEARBY SCHOOL & BUSINESS