538 Rialto Avenue

Venice, CA 90291

  • 9 Bed(s)
  • 0 Bath(s)
  • 2,768 Sqft
  • 7654
    Sqft(Lot)
$2,195,000

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!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47986268

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Property Details

  • Bedroom Information

    • Total Bedrooms : 9

    Bathroom Information

    • Total Baths: 9
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator,Dryer,Washer

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1922
    • Building Area Total: 2,768

    Laundry Features

    • Stacked

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1757
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7654

  • Listing Price Information

    • Original List Price: 2,195,000
    • Listing Contract Date: 2024-12-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4238016014

  • Garage and Parking

    • Garage Description: Shared Driveway

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C11 - Venice
    • Directions: North of Venice, East of Main, South of Rose, West of Abbot Kinney
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C11 - Venice

    Building and Construction

    • Property Age: 102
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 2768
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 12/22/2024 @ 03:22

  • MLS: 24468487
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 9 bedrooms which is for sale, it has 2,768 sqft, 7,654 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Venice , in zip code 90291, this Los Angeles County Home are nearby neighborhoods.