538 Rialto Avenue
Venice, CA 90291
- – beds
- – baths
- – sqft
- 7,654 sqft lot
- 1922 build
- – on site
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!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Dec 17, 2024
•
MLS# 24468487 —
The Building
-
Year Built:1922
-
New Construction:No
-
Building Area Total:2768.00
-
Total Number Of Units:8
-
# of Buildings:6
Interior
-
Levels:One
-
Laundry:Washer Included, Dryer Included, Stackable
-
Laundry:1
Financial & Terms
-
Disclosures:Coastal Commission Restrictions
Location
-
Directions:North of Venice, East of Main, South of Rose, West of Abbot Kinney
-
Latitude:33.98890800
-
Longitude:-118.46590000
The Property
-
Property Type:Residential Income
-
Zoning:LARD1.5
-
Lot Size Area:7654.0000
-
Lot Size Acres:0.1757
-
Lot Size SqFt:7654.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:4238016014
Heating & Cooling
-
Heating:1
-
Heating:Wall Furnace
-
Cooling:No
-
Cooling:None
Appliances
-
Appliances:Refrigerator
-
Included:Yes
The Community
-
Association:No
-
Senior Community:No
-
Assessments:No
Parking
-
Parking:Yes
-
Parking:Shared Driveway
-
Parking Spaces:5.00
-
Uncovered Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/11/24
Dec 11, 2024
|
Listed / Active | CRMLS_CA | $2,195,000 | |
|
5/30/24
May 30, 2024
|
Price Changed | CRMLS_CA | ||
|
1/16/24
Jan 16, 2024
|
Price Changed | CRMLS_CA |
