538 Rialto Avenue
$2,195,000
9
9
2,768
2,768
$793
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...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!
- Listed by Tyler Kunkle • DRE #01965642 • Brokerage DRE #01421451 • Pardee Properties
Property Details for 538 Rialto Avenue
Zoning
LARD1.5
StyleCalifornia Bungalow
Parcel Number4238016014
Total Units8.0
Living Area2768
Source Living AreaVendor Enhanced
AreaVenice (C11)
Vacancy Rate0
LISTING UPDATED: 12/18/2024 12:01 AM
Property Details for 538 Rialto Avenue
Status | Active |
---|---|
MLS # | 24-468487 |
Days on Market | 11 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.18 AC / 7,654 SF |
County | Los Angeles County |
Building Information for 538 Rialto Avenue
Stories-Residences-Year Built1922Building Size-Lot Size0.18 AC / 7,654 SF
Property Information for 538 Rialto Avenue
Property History for 538 Rialto Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 538 Rialto Avenue
Taxable ValueLand$123,999Additions$50,979Total$174,978
Tax Record2024$3,060 ($255 / month)
Home Facts
Total Finished SqFt2,768 SqFtAbove Grade Finished SqFt2,768 SqFtLot Size7,652 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLARD1.5CountyLOS ANGELESAPN4238-016-014
Schools near 538 Rialto Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Westminster Avenue Elementary School PublicK to 5 | ||
Venice Senior High School Public9 to 12 | ||
Animo Venice Charter High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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