538 Rialto Avenue, Venice, CA 90291 - Berkshire Hathaway HomeServices California Properties

538 Rialto Avenue, Venice, CA 90291

$2,195,000 Approx. USD 9 beds, 9 baths
3,101 sqft

Listing Agent


Tyler Kunkle | tyler@pardeeproperties.com
Lic#: 01965642
Broker: Courtesy of Pardee Properties

Agent Remarks

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!

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 24468487
Price: $2,195,000
Beds: 9
Baths: 9
Built in 1922
3,101 sqft
1 story
0.18 acres
Lot size: 0.1757
County: Los Angeles
Zoning: LARD1.5
Appliances: Refrigerator,Dryer,Washer
Parking description: Shared Driveway
Heating/cooling: None
Heating description: Wall Furnace
MLS area: C11 - Venice

Last Updated: 3/17/2025

 Days On Market (DOM): 101

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This listing belongs to the C11 - Venice MLS area

Lat/Long: 33.988908, -118.465900.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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