40 18th Ave, Venice, CA 90291
40 18th Ave, Venice, CA 90291
40 18th Ave, Venice, CA 90291
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John Matukas

John Matukas

+1(323) 377-4961
$3,395,000
Est. payment /mo
5 Beds
4 Baths
2,591 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,591 sqft

Price per Sqft $1,310

MLS Listing ID 26845873

Bedrooms 5

Year Built 1970

Lot Size 2,841 Sqft

Acres 0.0652

Property Sub-Type Multi-Family

Property Description

Designer triplex where the city meets the sand on a quaint brick road in Venice Beach. 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. Unit #1 is booked for $10k/month for 5 months end of 2026. 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. Check out the attached OM and Property Video.

Location

State CA

County Los Angeles

Area Venice

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Electric

Cooling Air Conditioning

Equipment Dishwasher, Dryer, Freezer, Garbage Disposal, Refrigerator, Range/Oven, Washer

Exterior

Parking Features Carport, Covered Parking, Assigned

Garage Spaces 3.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Amanda Robertson

NEARBY SCHOOL & BUSINESS

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John Matukas

John Matukas

+1(323) 377-4961

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