$3,395,000
 $18,225 est/mo Sourced by Back At You

40 18th Avenue,Venice, CA 90291

Venice, CA 90291

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Description

6.47% Cap self managed or 5.3% Cap with 5% mgmt fee. 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, 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.

Details

MLS #26845873
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1970
Days On Site46
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:
$3,395,000
low | high
Med:
$2,545,000
75.036818851252% of Average
sqft:
2,591
low | high
Med:
3,643
9.417213431108% of Average
$ / sqft:
$1,310
low | high
Med:
$722
94.866816122917% of Average
On site:
46
low | high
Med:
211
21.800947867299% of Average
Sourced by Back At You

Market Activity 90291

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityVenice
Zip Code90291
AreaC11 Venice
Listing VS Median (in 90291)
Price:
$3,395,000
low | high
Med:
$2,545,000
75.036818851252% of Average
sqft:
2,591
low | high
Med:
3,643
9.417213431108% of Average
$ / sqft:
$1,310
low | high
Med:
$722
94.866816122917% of Average
On site:
46
low | high
Med:
211
21.800947867299% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.546M - $4.243M
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: August 25, 2026 at 12:07:46 PM PDT