40 18th Avenue, Venice, CA 90291
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
40 18th Avenue,Venice (los Angeles), CA 90291
$2,995,000
- 5 Beds
- - Baths
- 2,591 sq. ft.
- Multi-family
- Active
Listed by: amanda robertson
Office: amanda robertson
MLS#:CL26845873
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$2,995,000
- Price per sq. ft.:$1,155.92
About this home
New Pricing now a 6.48% Cap Rate! Unit 1 Getting $10k per month for the next 8 months. 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. Fun Fact - Unit #3 recently achieved $7k/month. Check out the attached OM and Property Video....
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Home facts
- Year built:1970
- Listing ID #:CL26845873
- Added:67 day(s) ago
- Updated:September 21, 2026 at 02:40 PM
Rooms and interior
- Bedrooms:5
- Living area:2,591 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1970
- Building area:2,591 sq. ft.
- Lot area:0.07 Acres
Finances and disclosures
- Price:$2,995,000
- Price per sq. ft.:$1,155.92
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Parking description:Assigned, Covered
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