40 18th AVE, Venice, CA 90291
40 18th AVE, Venice, CA 90291
40 18th AVE, Venice, CA 90291
40 18th AVE, Venice, CA 90291
40 18th AVE, Venice, CA 90291
40 18th AVE, Venice, CA 90291
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 3,395,000
Est. payment | /mo

5 Beds

4 Baths

2,591 SqFt

Save
$ 3,395,000
Est. payment | /mo
Save

5 Beds

4 Baths

2,591 SqFt

Open House

Sun Aug 23, 2:00pm - 4:00pm

Tue Aug 25, 11:00am - 2:00pm

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,591 sqft

Price per Sqft $1,310

MLS Listing ID 26845873

Bedrooms 5

HOA Y/N No

Year Built 1970

Lot Size 2,840 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LAR3

Interior

Heating Electric

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned, Covered, Carport

Carport Spaces 3

Total Parking Spaces 3

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4226011020

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Amanda Robertson Amanda Robertson #01405403

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.