40 18th Ave

Los Angeles CA 90291

2591 sq. ft.

2841 sq. ft.

Other

Currently for sale - view listing

Overview

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.

Features

5 bedrooms

4 bathrooms

3 carspaces

3 carport spaces

2591 sq. ft. floor area

2841 sq. ft. lot size

Other

Property history for 40 18th Ave

2018

Sold

$1,770,000

07 May 2018 by Gwen Tanguay, of Redwood Realty

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