18
See all 18 photos
$3,095,000
Est. payment /mo
3 Beds
5 Baths
3,600 Sqft Lot
New
18 Sunset Venice, CA 90291
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26162423
Bedrooms 3
Lot Size 3,600 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
18 Sunset Ave is a rare six-unit, ocean-view apartment building on one of Venice Beach's most coveted residential blocks. It's boardwalk-adjacent and just steps from the sand. Every one of its six units enjoys beautiful ocean views, an amenity effectively impossible to replicate in Venice's supply-constrained coastal core. Built in 1973 and diversified across two studios, two one-bedrooms, and two two-bedroom/two-bath residences, the building pairs enduring beach-community character with dependable, low-friction operation. The one- and two-bedroom homes feature gas fireplaces, and the property is 100% occupied by a stable, long-tenured resident base, averaging nearly fifteen years in residence, including two residents of more than two decades. The asset is built for durable performance. Its mandatory soft-story seismic retrofit is complete, with a City of Los Angeles LADBS Certificate of Compliance issued in 2018. On-site garage parking with 9 spots (a genuine rarity this close to the ocean) adds tenant appeal. Utility responsibility is split: Units 2, 3, 5 and 6 are separately metered and tenant-paid for both gas and electricity, while the owner pays water and sewer for the entire building, common-area electricity, and the gas and electricity serving Units 1, 4 and the laundry. In-place scheduled rent is $190,045 annually, delivering reliable income today with meaningful embedded upside as units turn to market over time. Location Location Location! Set in the heart of the Silicon Beach corridor, the property is minutes from major technology and media employers, Santa Monic
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Speedway & Sunset Ave (W of Pacific, S of Rose)
Interior
Heating Radiant
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4286023001
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Virtual Tour https://18Sunset.com
Listed by Brian Ging, DRE#01843240 Realty Network
NEARBY SCHOOL & BUSINESS
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