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$ 3,395,000
Est. payment /mo
Open Sun 2PM-4PM
40 18th Avenue Venice (los Angeles), CA 90291
5 Beds
2,591 SqFt
Open House
Sun Aug 23, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,591 sqft
Price per Sqft $1,310
MLS Listing ID CL26845873
Bedrooms 5
HOA Y/N No
Year Built 1970
Lot Size 2,841 Sqft
Acres 0.07
Property Sub-Type OTHER
Property Description
Designer triplex where the city meets the sand on a quaint brick road in Venice Beach. Two blocks from the new Venice Soho House, 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. 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. More Fun Facts - Unit #1 is booked for $10k/month for 5 months end of 2026 AND Soho House is opening a new location two blocks away on Market. Check out the attached OM and Property Video.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Electric
Fireplace No
Laundry Dryer, Washer
Exterior
Total Parking Spaces 3
Building
New Construction No
Others
Tax ID 4226011020
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Listed by Amanda Robertson • Amanda Robertson
NEARBY SCHOOL & BUSINESS