538 Rialto Ave Active Save Request In-Person Tour Request Virtual Tour
Venice,CA 90291
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,768 sqft
Price per Sqft $792
MLS Listing ID 24-468487
Style California Bungalow
Bedrooms 9
Year Built 1922
Lot Size 7,654 Sqft
Acres 0.1757
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!
Location
State CA
County Los Angeles
Area Venice
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Refrigerator, Range/Oven, Stackable W/D Hookup, Washer, Dryer
Laundry In Unit
Exterior
Parking Features Shared Driveway
Garage Spaces 5.0
Building
Architectural Style California Bungalow
Level or Stories One
Others
Special Listing Condition Standard