18 Sunset Ave Venice, CA 90291
Venice NeighborhoodEstimated payment $20,672/month
Highlights
- Ocean View
- Wood Flooring
- Balcony
- Property is near public transit
- No HOA
- Built-In Features
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, with several residents for more than twenty years. 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, while low owner-paid utilities keep operations simple: tenants pay their own electricity, and gas in five of six units. 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.
Listing Agent
Realty Network Brokerage Phone: 310-467-9606 License #01843240 Listed on: 07/25/2026
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $45,712
Year Built
- Built in 1973
Lot Details
- 3,600 Sq Ft Lot
- No Common Walls
- Sprinkler System
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 9 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Entry on the 1st floor
- Cosmetic Repairs Needed
Interior Spaces
- 4,560 Sq Ft Home
- 2-Story Property
- Built-In Features
- Gas Fireplace
- Living Room with Fireplace
- Ocean Views
- Laundry in unit
Kitchen
- Electric Oven
- Electric Range
- Dishwasher
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 8 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Balcony
- Exterior Lighting
Location
- Property is near public transit
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Radiant Heating System
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 1 / 6
- Tax Tract Number 2734
- Assessor Parcel Number 4286023001
- $963 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 6 Units
Recreation
- Water Sports
- Bike Trail
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 5 Separate Gas Meters
- Fuel Expense $2,837
- Gardener Expense $1,800
- Insurance Expense $10,678
- Maintenance Expense $7,110
- Pest Control $1,320
- Professional Management Expense $8,295
- Trash Expense $6,059
- Water Sewer Expense $6,000
- New Taxes Expense $37,326
- Operating Expense $82,611
- Gross Income $190,045
- Net Operating Income $101,732
Additional Features
- Laundry Facilities
- Card or Code Access
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $45,957 | $3,788,510 | $3,030,809 | $757,701 |
| 2024 | $45,468 | $3,714,227 | $2,971,382 | $742,845 |
| 2023 | $44,587 | $3,641,400 | $2,913,120 | $728,280 |
| 2022 | $42,517 | $3,570,000 | $2,856,000 | $714,000 |
| 2021 | $43,854 | $3,657,503 | $3,152,323 | $505,180 |
| 2020 | $44,321 | $3,620,840 | $3,120,000 | $500,840 |
| 2019 | $25,088 | $2,062,617 | $1,811,871 | $250,746 |
| 2018 | $24,992 | $2,022,191 | $1,776,345 | $245,846 |
| 2017 | $24,413 | $1,981,717 | $1,741,515 | $240,202 |
| 2016 | $23,858 | $1,942,861 | $1,707,368 | $235,493 |
| 2015 | $23,513 | $1,913,678 | $1,681,722 | $231,956 |
| 2014 | $23,612 | $1,876,193 | $1,648,780 | $227,413 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/25/2026 07/25/26 | For Sale | $3,095,000 | -11.6% | $679 / Sq Ft | |
| 04/28/2021 04/28/21 | Sold | $3,500,000 | -3.3% | $768 / Sq Ft | View Prior Sale |
| 03/29/2021 03/29/21 | Pending | -- | -- | -- | |
| 02/18/2021 02/18/21 | For Sale | $3,620,000 | 0.0% | $794 / Sq Ft | |
| 10/18/2019 10/18/19 | Sold | $3,620,000 | -6.9% | $794 / Sq Ft | View Prior Sale |
| 08/15/2019 08/15/19 | Pending | -- | -- | -- | |
| 04/15/2019 04/15/19 | For Sale | $3,890,000 | -- | $853 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26162423
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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