22
See all 22 photos
$2,195,000
Est. payment /mo
9 BD
9 BA
2,768 SqFt
Active
538 Rialto AVE Venice, CA 90291
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UPDATED:
12/19/2024 06:01 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,768 sqft
Price per Sqft $792
MLS Listing ID 24468487
Bedrooms 9
HOA Y/N No
Year Built 1922
Lot Size 7,653 Sqft
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 C11 - Venice
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator, Dryer, Washer
Laundry Stacked
Exterior
Parking Features Shared Driveway
Total Parking Spaces 5
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4238016014
Special Listing Condition Standard
Listed by Tyler Kunkle • Pardee Properties