40 18th Ave - Apartments FOR SALE


Venice, CA 90291
$2,995,000 USD
310-614-8071
40 18th Ave, Venice, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/35
null | 6.48% Cap Rate

40 18th Ave
Venice, CA 90291


OVERVIEW

Price Reduced $400K! 6.48% cap self managed. Unit #1 getting $10k per month for the next 8 months. Designer triplex where the city meets the sand in Venice Beach. 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: continue the lucrative Airbnb rental business plan, move into a unit and lease the rest 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. Fun fact- Soho House is opening up two blocks away. EASY TO SHOW. Each unit is separately metered, has AC, has private laundry, private outdoor space, and one parking spot.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$1,156 USD /SF

# OF UNITS

3

PRICE/UNIT

$998,333

CAP RATE

6.48%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Venice Triplex for 1031 or Owner-User

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,841 SF

ZONING

-

APN/PARCEL ID

4226-011-020

ASK ABOUT THIS PROPERTY

Amanda RobertsonAmanda RobertsonMore Info
310-614-8071

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Amanda RobertsonAmanda RobertsonMore Info
310-614-8071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.