Homes for sale - 538 Rialto AVE, Venice, CA 90291

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Sally Baik

sally@sallybaikrealestate.com +1(818) 572-3417

$ 2,195,000

Est. payment | -/mo

9 Beds

9 Baths

2,768 SqFt

Save

$ 2,195,000

Est. payment | -/mo

Save

9 Beds

9 Baths

2,768 SqFt

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 572-3417

sally@sallybaikrealestate.com

232 W Olive Ave #20, la Habra, California, 90631, USA

538 Rialto AVE Venice, CA 90291