40 18th Ave, Venice, CA 90291
- $3,395,000
- 5
- BD
- 4
- BA
- 2,591
- SqFt
- List Price
- $3,395,000
- MLS#
- 26845873
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 2,591
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.
Additional Information
- Year Built
- 1970
- Garage
- Carport, Covered Parking, Assigned
Mortgage Calculator
Courtesy of Amanda Robertson, Amanda Robertson.
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