NOT LISTED FOR SALE

40 18th Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,272,000 - $2,380,000

4 Beds
3.5 Baths
2,432 Sq Ft
$809/Sq Ft Est. Value

Last Sold May 07, 2018

Last sale price $1,770,000 $728 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $12,481/month

72 Days on Market

Highlights

  • Laundry in Carport
  • Attached Carport
  • 3-minute walk to Windward Plaza
  • Venice High School Rated A
  • Heating Available

About This Home

As of May 2018

PERFECT HOME/CONDO ALTERNATIVE! First block of the beach in the heart of Venice's Silicon Beach. Priced the same as 2 bedroom homes in Venice, this is a Rare Opportunity! This 3* unit building, has a Fabulous Owner's Unit- Spacious 2 Bedroom, 1 ½ bath 2 story townhouse-style unit. (THIS UNIT CAN BE SHOWN EASILY)This unit has wood & tile floors. Living Room has fireplace and open staircase. 2 large bedrooms and full bath upstairs. Bright and Sunny floor plan, with a Great Room, Kitchen, Dining Area and Living Room that look out onto the Private fenced front yard. Perfect woodsy area for entertaining with lush trees and easy access to the Beach, shops, restaurants, and all that Abbot Kinney has to offer. The other 2 units provide $3172/mo income to help offset your payments. Owner's unit will be delivered vacant at close of escrow. Projected rent on Owner's unit is $4,500/ month.*City of LA -shows legal usage as "2 Units plus Guest Room". OWNER WILL CONSIDER CARRYING 1ST TD WITH 25% DOWN

Last Agent to Sell the Property

Gwen Tanguay

Redwood Realty License #00448883 Listed on: 01/25/2018

Last Buyer's Agent

Jennifer Hughes

Compass License #01440438

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,052

Year Built

  • Built in 1970

Lot Details

  • 2,841 Sq Ft Lot

Interior Spaces

  • 2,432 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3.5 Bathrooms

Laundry

  • Laundry in Carport
  • Gas Dryer Hookup

Parking

  • 5 Parking Spaces
  • Attached Carport
  • Assigned Parking

Utilities

  • Heating Available
  • Cable TV Available

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4226-011-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,052

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2432
  • Stories: 2
  • Year Built: 1970
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Carport
  • Total Bathrooms: 3.50
  • Den: 0
  • Equipment: Cable, Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 779.19

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Assigned, Carport Attached
  • Total Parking: 5

Utilities

  • Electric Expense: 1315.00
  • Heating: Electric
  • Water Expense: 1597.00

Fee Information

  • Gas Expense: 1089.00
  • Insurance Expense: 1578.00

Lot Info

  • Assessed Improvement Value: 270872
  • Assessed Land Value: 70627
  • Assessor Parcel Number: 4226-011-020
  • Geocode Override: No
  • Lot Size Area: 2841

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.03
  • Number Of Units: 3
  • Rent Control: 100%
  • Total Annual Expense: 30826
  • Type Of Units: 2Apt+1Gst Rm
  • Vacancy Rate: 0%

Tax Info

  • Tax Expense: 22740.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2020
Sold by
Siegel Lauren and Lauren Siegel Living Trust
Bought by
Siegel Lauren
Current Estimated Value
$1,966,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,265,000
Outstanding Balance
$1,110,152
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$910,644

Purchase Details

Listed on
Jan 25, 2018
Closed on
Apr 11, 2018
Sold by
Tepper Robert
Bought by
Siegel Lauren and Lauren Siegel Living Trust
Seller's Agent
Gwen Tanguay
Redwood Realty
Buyer's Agent
Jennifer Hughes
Compass
List Price
$1,895,000
Sold Price
$1,770,000
Premium/Discount to List
-$125,000
-6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.82%
Original Mortgage
$1,300,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Siegel Lauren -- Chicago Title Company
Siegel Lauren $1,770,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siegel Lauren $1,265,000
Closed Siegel Lauren $1,300,000
Previous Owner Tepper Robert $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2018 05/07/18 Sold $1,770,000 -6.6% $728 / Sq Ft
01/25/2018 01/25/18 For Sale $1,895,000 -- $779 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $24,052 $2,013,954 $1,991,200 $22,754
2024 $24,052 $1,974,465 $1,952,157 $22,308
2023 $23,586 $1,935,751 $1,913,880 $21,871
2022 $22,485 $1,897,796 $1,876,353 $21,443
2021 $22,211 $1,860,585 $1,839,562 $21,023
2020 $22,442 $1,842,508 $1,820,700 $21,808
2019 $21,542 $1,806,400 $1,785,000 $21,400
2018 $4,466 $349,328 $72,039 $277,289
2016 $4,254 $334,804 $69,243 $265,561
2015 $4,195 $329,776 $68,203 $261,573
2014 $4,228 $323,317 $66,867 $256,450
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Gwen Tanguay

    Redwood Realty

    (310) 398-1049

    11 Total Sales

    Gwen Tanguay
    Section Image
  • Jennifer Hughes

    Buyer's Agent in 2018

    Jennifer Hughes

    Compass

    (310) 383-7299

    17 in this area

    24 Total Sales

    Jennifer Hughes
    Section Image
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Map

Source: The MLS

MLS Number: 18-307222

The MLS

APN: 4226-011-020

California Los Angeles County Venice 90291 Venice

40 18th Ave, Venice, CA

This home is located at 40 18th Ave, Venice, CA 90291 since 25 January 2018 and is currently estimated at $1,966,546, approximately $808 per square foot. This property was built in 1970. 40 18th Ave is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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