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40 18th Ave

Los Angeles CA 90291

5
4
3
2591 sq. ft.
2841 sq. ft.
Other
Currently for sale - view listing

Overview

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.

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

Happy sellers in Los Angeles

52%
52% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Los Angeles over the last 12 months.

Local market activity for 5 bedroom other properties in Los Angeles

In the last 12 months, 1 five-bedroom other similar to 40 18th Ave, have been sold.

This represents a 75% increase in five-bedroom other properties sales when compared to the previous 12 months.

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(619) 566-0008
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