Property Detail

18 Sunset

Venice CA 90291

$3,095,000

Status: Active

Property Details

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; buyer to verify all information.

Map Location

Listing provided courtesy of Brian Ging of Realty Network. Last updated 2026-08-03 08:10:57.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

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