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40 18th Ave - Venice Triplex for 1031 or Owner-User 3 Unit Apartment Building Offered at $4,770,994 CAD at a 5.35% Cap Rate Venice, CA 90291
Executive Summary
Designer Triplex where the city meets the sand in Venice Beach. This restored, 3-unit property offers strong income with a proven track record in 30 day rentals and long term rentals. There are multiple cash flow options to choose from: continue the lucrative Airbnb rental business plan, move into the gorgeous front townhome and lease the rest to mitigate your mortgage, or rent the entire property with standard long term leases and less turnover. No matter what path you choose, you will be riding the large Windward Circle wave of upside as the area continues to surprise and delight with new restaurants and activities.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$349,920
|
$135.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$349,920
|
$135.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$84,540
|
$32.63
|
| Net Operating Income |
$265,380
|
$102.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $349,920 |
| Annual Per SF | $135.05 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $349,920 |
| Annual Per SF | $135.05 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $84,540 |
| Annual Per SF | $32.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $265,380 |
| Annual Per SF | $102.42 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4226-011-020 | Improvements Assessment | $31,976 CAD |
| Land Assessment | $2,798,233 CAD | Total Assessment | $2,830,210 CAD |
Property Taxes
Parcel Number
4226-011-020
Land Assessment
$2,798,233 CAD
Improvements Assessment
$31,976 CAD
Total Assessment
$2,830,210 CAD
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2300 S Sepulveda LLC
40 18th Ave - Venice Triplex for 1031 or Owner-User
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