Price Reduced Listing
$2,995,000
 $16,078 est/mo Sourced by Back At You

40 18th Avenue,Venice, CA 90291

Venice, CA 90291

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Description

New Pricing now a 6.48% Cap Rate! 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. More Fun Facts - Unit #1 is booked for $10k/month for 5 months end of 2026. Check out the attached OM and Property Video.

Details

MLS #26845873
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1970
Days On Site48
Listing Provided ByAmanda Robertson | Amanda Robertson

Features

Bed(s)5
Bath(s)4
SQ Feet2,591
Car PortYes
Story(s)2
Units3
Building(s)1
ZoningLAR3
Acreage0.07

Interior

HeatingElectric
Heating Yes / NoYes
AppliancesDishwasher, Disposal, Refrigerator, Dryer, Washer

Parking

Parking FeaturesAssigned, Covered, Carport

Area Information

StateCA
CountyLos Angeles
CityVenice
Zip Code90291
AreaC11 Venice
Listing VS Median (in 90291)
Price:
$2,995,000
low | high
Med:
$2,545,000
65.025041736227% of Average
sqft:
2,591
low | high
Med:
3,643
9.417213431108% of Average
$ / sqft:
$1,156
low | high
Med:
$722
87.50345266688% of Average
On site:
48
low | high
Med:
213
22.535211267606% of Average
Sourced by Back At You

Market Activity 90291

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Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountyLos Angeles
CityVenice
Zip Code90291
AreaC11 Venice
Listing VS Median (in 90291)
Price:
$2,995,000
low | high
Med:
$2,545,000
65.025041736227% of Average
sqft:
2,591
low | high
Med:
3,643
9.417213431108% of Average
$ / sqft:
$1,156
low | high
Med:
$722
87.50345266688% of Average
On site:
48
low | high
Med:
213
22.535211267606% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.246M - $3.743M
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
23 19th Avenue Property Photo 1
$1,995,000
23 19th Avenue
Venice, CA 90291
Listing Updated: September 1, 2026 at 2:02:27 PM PDT
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