40 18th Avenue, Venice, CA 90291
- $3,395,000
- 5
- BD
- 4
- BA
- 2,591
- SqFt
- List Price
- $3,395,000
- Status
- ACTIVE
- MLS#
- 26845873
- Year Built
- 1970
- Bedrooms
- 5
- Bathrooms
- 4
- Living Sq. Ft
- 2,591
- Lot Size
- 2,841
- Days on Market
- 11
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Designer triplex where the city meets the sand on a quaint brick road in Venice Beach. The location is next to none and anchors the Windward Circle and Boardwalk scenes. Purchase this property to watch the 2028 Olympic Triathlon finish line at the end of Venice Blvd! 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 the gorgeous front townhome 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. Unit #1 is booked for $10k/month for 5 months end of 2026. Each unit has private outdoor space, private laundry and 1 parking spot. This property has been lovingly updated with mid century appeal and high-end finishes and is ready for the next set of hands. True 5.3% cap rate and 14 GRM on current Airbnb income. Furniture purchase option available. Check out the attached OM and Property Video.
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Additional Information
- Appliances
- Dishwasher, Disposal, Refrigerator, Dryer, Washer
Mortgage Calculator
Listing courtesy of Listing Agent: Amanda Robertson (amanda@amandarobertson.com) from Listing Office: Amanda Robertson.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.