18 Sunset Venice, CA 90291
3,598 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26162423
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1973
Annual Tax Amount $45,712
Lot Size 3,598 Sqft
Property Sub-Type Apartment
Property Description
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, while low owner-paid utilities keep operations simple: tenants pay their own electricity, and gas in five of six units. 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 Monica's Third Street Promenade, and Marina del Rey, with Abbot Kinney Boulevard, the Venice Canals, and the Ocean Front Walk all a short stroll away. Venice remains one of Southern California's most persistently undersupplied coastal rental markets, drawing an affluent, creative, and professional tenant base that keeps demand deep and durable. Walk Score 94, Bike Score 100.
A buyer at the offered price also benefits from a downward property-tax reassessment versus the current assessed value. An immediate, structural lift to going-forward cash flow. For the discerning investor, 18 Sunset Ave offers trophy Venice Beach land, all-ocean-view units, and dependable in-place income with a clear path to growth. Square footage and figures are approximate and from sources deemed reliable; buyer to verify all information.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5-1
Interior
Interior Features Built-in Features, Balcony
Heating Radiant
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Wood
Fireplaces Type Gas, Living Room
Fireplace Yes
Appliance Dishwasher, Electric Oven, Electric Range
Laundry Common Area
Exterior
Parking Features Assigned, Garage
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Biking, Street Lights, Sidewalks, Urban, Water Sports
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Ocean
Total Parking Spaces 9
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Front Yard, Near Public Transit, Sprinkler System
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 4286023001
Security Features Carbon Monoxide Detector(s),Key Card Entry,Smoke Detector(s)
Energy Description 2837.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Virtual Tour https://18Sunset.com
