538 Rialto Avenue, Venice, CA 90291
-
Listed Price :
$2,195,000
-
Beds :
9
-
Baths :
9
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Property Size :
2,768 sqft
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Year Built :
1922
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!
Interior Features
| Laundry Information |
| Location(s) |
Stacked |
| Bedroom Information |
| Bedrooms |
9 |
| Bathroom Information |
| Bathrooms |
9 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
538 Rialto Avenue |
| City |
Venice |
| State |
CA |
| Zip |
90291 |
| County |
Los Angeles |
| Listing Agent |
Tyler Kunkle DRE #01965642 |
| Courtesy Of |
Pardee Properties |
| List Price |
$2,195,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,768 |
| Lot Size |
7,654 |
| Year Built |
1922 |
Listing information courtesy of: Tyler Kunkle, Pardee Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 6:01 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
