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538 Rialto Avenue

Venice, CA 90291
  • $2,195,000
  • STATUS: Active Under Contract
  • ON SITE: 64 Days
  • ID#: 24468487
Under Contract
UPDATED: 77 min ago
$2,195,000
  • 9
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,101
    SQFT
  • $708
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:
Area:

School Ratings & Info

Listing Agent(s): Tyler Kunkle of Pardee Properties (310-907-6517)


Description

Discover a truly unique investment property in the heart of Venice! Situated on a rare triple lot just blocks from the world-renowned Abbot Kinney Boulevard, the Rose Corridor, and iconic Venice Beach, this 8-bungalow compound offers unparalleled charm, location, and potential. Property Highlights: Unit Mix:(1) 2-bedroom, 2-bathroom unit, (2) 1-bedroom, 1-bathroom units, and (5) studios. The bungalows are centered around a picturesque courtyard adorned with a majestic tree, creating a serene, community-centric environment. Most units include their own private outdoor areas, perfect for soaking up the Southern California sun. Nestled on a quiet street, this property offers unbeatable walkability. Stroll to Abbot Kinney Boulevard for its trendy shops, cafes, and dining, or enjoy the vibrant energy of the Rose Corridor. With its premier location and versatile unit mix, this property, zoned RD1.5-1-0, presents massive 52% rental upside potential and over 9% cap rate at market rents. Whether you're an investor seeking a strong-performing asset or someone looking to curate a one-of-a-kind living community, this is a rare chance to own a piece of Venice's unique lifestyle. Don't miss this exceptional opportunity in one of Los Angeles' most coveted neighborhoods!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-13T10:31:46.23. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/158676060
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538 Rialto Avenue Venice, CA 90291

  • Price: $2,195,000
  • Status: Active Under Contract
  • On Site: 64 Days
  • Updated: 77 min ago
  • ID#: 24468487
9
Beds
0
Baths
0
½ Baths
0.18
Acres
3,101
SQFT
$708
$/SQFT
1922
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
Discover a truly unique investment property in the heart of Venice! Situated on a rare triple lot just blocks from the world-renowned Abbot Kinney Boulevard, the Rose Corridor, and iconic Venice Beach, this 8-bungalow compound offers unparalleled charm, location, and potential. Property Highlights: Unit Mix:(1) 2-bedroom, 2-bathroom unit, (2) 1-bedroom, 1-bathroom units, and (5) studios. The bungalows are centered around a picturesque courtyard adorned with a majestic tree, creating a serene, community-centric environment. Most units include their own private outdoor areas, perfect for soaking up the Southern California sun. Nestled on a quiet street, this property offers unbeatable walkability. Stroll to Abbot Kinney Boulevard for its trendy shops, cafes, and dining, or enjoy the vibrant energy of the Rose Corridor. With its premier location and versatile unit mix, this property, zoned RD1.5-1-0, presents massive 52% rental upside potential and over 9% cap rate at market rents. Whether you're an investor seeking a strong-performing asset or someone looking to curate a one-of-a-kind living community, this is a rare chance to own a piece of Venice's unique lifestyle. Don't miss this exceptional opportunity in one of Los Angeles' most coveted neighborhoods!
Exterior Features

Open Parking Spaces 5 Parking Features Shared Driveway Parking Total 5

Interior Features

Appliances RefrigeratorDryerWasher Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.82 Disclosures Coastal Commission Restrictions Gross Income 171630 Laundry Features Stacked Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 105730 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-13T10:31:46.23. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Tyler Kunkle of Pardee Properties (310-907-6517)