18 Sunset, Venice, CA 90291
Local realty services provided by:CENTURY 21 Synergia Realty
18 Sunset,Venice, CA 90291
$3,095,000
- - Beds
- - Baths
- 4,560 sq. ft.
- Multi-family
- Active
Listed by: brian ging
Office: realty network949-581-6885
MLS#:SR26162423
Source:CRMLS
Price summary
- Price:$3,095,000
- Price per sq. ft.:$678.73
About this home
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....
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Home facts
- Year built:1973
- Listing ID #:SR26162423
- Added:48 day(s) ago
- Updated:September 11, 2026 at 10:58 AM
Rooms and interior
- Flooring:Laminate, Tile, Wood
- Kitchen Description:Dishwasher, Electric Oven, Electric Range
- Living area:4,560 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Radiant
Structure and exterior
- Year built:1973
- Building area:4,560 sq. ft.
- Lot area:0.08 Acres
- Lot Features:Front Yard, Near Public Transit
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$3,095,000
- Price per sq. ft.:$678.73
- Tax amount:$45,956
Features and amenities
- Appliances:Dishwasher, Electric Oven, Electric Range
- Amenities:Balcony, Carbon Monoxide (CO2) Detector
Parking
- Total parking spaces:9
- Parking description:Assigned, Garage
- Garage:Yes
- Garage spaces:9
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