538 Rialto Ave

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Address: 538 Rialto Ave, Venice, CA 90291, USA

California & West + Apartment Buildings

Created date: December 12, 2024

Date last updated: January 15, 2025

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!

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$2,195,000
No. of Units:	8
Year Built:	1922
Lot Size:	3,101.00 Sq ft
Opportunity Zone:	No
Price per unit:	$274,375
Property Website	Click Here
Number of Bedrooms:	9
Number of Bathrooms:	0

Address: 538 Rialto Ave, Venice, CA 90291, USA

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Standard Status: Active

MLS Listing Number: 24-468487
ID: 3yd-CLAWCA-24-468487

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