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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 3,095,000

Est. payment | -/mo

3 Beds

5 Baths

3,600 Sqft Lot

Save Virtual Tour

$ 3,095,000

Est. payment | -/mo

Save Virtual Tour

3 Beds

5 Baths

3,600 Sqft Lot

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

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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18 Sunset Venice, CA 90291