40 18th Avenue, Venice, CA 90291
List Price: $3.4M
Listing Status: Active
0Days on Market: 25
5 Bedrooms · 4 Bathrooms · 2,591 sq ft
Property Type: ResidentialIncome
Year Built: 1970
Lot Size: 2,841 sq ft
MLS Number: 26845873
About This Property
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.
Listing provided by: Amanda Robertson DRE #01405403 310-614-8071 amanda@amandarobertson.com, Amanda Robertson
Source: CRMLS, MLS #: 26845873
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.