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18 Sunset Ave
Venice, CA 90291
Six Ocean-View Units · Multifamily Property For Sale
·
6 Units
Investment Highlights
- All six units have ocean views. 100% occupied, boardwalk adjacent, steps to the sand
- $190,045 scheduled rent against $260,400 pro forma. Roughly $70,000 embedded upside as units turn
- Soft-story seismic retrofit complete, LADBS Certificate of Compliance 2018. No deferred seismic cost
- In-place NOI $94,680, 3.06% cap on buyer's reassessed tax basis. $86,435 and 2.79% if using current taxes
- Property taxes reassess downward at sale, from $45,957 to roughly $37,700 for a buyer at the offered price
- Full tear-off re-roof over new solid sheathing, LADBS permit finaled 2020. Grounds renewed 2026
Property Facts
| No. Units | 6 | Building Size | 4,560 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Lot Size | 0.08 AC | ||
| Zoning | RD1.5, Los Angeles | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 4,560 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | RD1.5, Los Angeles |
Amenities
Unit Amenities
- Balcony
- Views
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 2 | - | - |
| 2+2 | 2 | - | - |
Property Taxes
| Parcel Number | 4286-023-001 | Improvements Assessment | $772,855 |
| Land Assessment | $3,091,425 | Total Assessment | $3,864,280 |
Property Taxes
Parcel Number
4286-023-001
Land Assessment
$3,091,425
Improvements Assessment
$772,855
Total Assessment
$3,864,280
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