18 Sunset , Venice, CA 90291
$2,495,000
Est. Payment: $13,215.16/mo
6 Bed
8 Bath
4560 Sqft
Status: Active | Days on site: 57
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SR0054300 - F207056707
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House 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 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. All six units are subject to the City of Los Angeles Rent Stabilization Ordinance. 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. 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. Walk Score 94, Bike Score 100. At the offered price the building prices at $547 per square foot, below every income comparable in the offering memorandum, and a buyer is reassessed downward from the current assessed value of $3,789,350, an estimated $15,369 per year in property-tax savings. 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. The adjacent parcel (APN 4286-028-001) is privately owned with a pending City Planning application (DIR-2026-2032), no representation as to future views.

Highlights

Listed by Brian Ging , 310-467-9606 Realty Network , 949-581-6885. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.08

Year Built

1973

County

Los Angeles

Area

C11 - Venice

Listing ID

SR26162423

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:8
  • Full Bathrooms:
Appliances:Dishwasher, Electric Oven, Electric Range
Air Cond:Wall/Window Unit(s)
Fireplaces:Gas,Living Room
Floor:Laminate,Tile,Wood
Other:
  • Additional:Built-in Features, Balcony
Water:Public

Exterior Features

Lot:Front Yard,Near Public Transit,Sprinkler System,No Land Lease
Garage Capacity:9
Zoning:LARD1.5-1
Others:
  • Additional:2+ Total Units
Sewer:Public Sewer
Parking Features:Assigned,Garage
Principal Interest
$13,215
Taxes
$3,830

Home Price

$2,495,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$499,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$13,215.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,215.16 $3,829.67 $0.00 $17,044.82
Yearly $158,581.87 $45,956.00 $0.00 $204,537.87
Total $4,757,456.13 $1,378,680.00 $0.00 $6,136,136.13

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Venice, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T10:55:49.000Z

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