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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,095,000

Est. payment - /mo

3,598 Sqft Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26162423

HOA Y/N No

Year Built 1973

Annual Tax Amount $45,956

Lot Size 3,598 Sqft

Property Sub-Type Apartment

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 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; water/sewer and owner-paid electricity are estimates pending LADWP data; 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 Front Yard, Near Public Transit, Sprinkler System

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4286023001

Security Features Carbon Monoxide Detector(s),Key Card Entry,Smoke Detector(s)

Energy Description 2950.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Brian Ging Realty Network 310-467-9606, DRE #01843240

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18 Sunset Venice, CA 90291