538 Rialto Avenue
538 Rialto Avenue
$2,195,000
9
9
2,768
2,768
$793
Description
538 Rialto Avenue in Venice, California is comprised of three (3) contiguous lots, totaling 7,652 square feet. The property consists of eight (8) bungalow-style units around a shaded outdoor courtyard with five (5) surface parking spaces. The asset offers a unit mix of one (1) 2 BD/1.5 BA; two (2) 1 BD/ 1BA; and five (5) studios, most with enclosed outdoor private spaces and one with a private sauna. The property's location in prime Venice is just one block from high-end shopping and dining amenities...538 Rialto Avenue in Venice, California is comprised of three (3) contiguous lots, totaling 7,652 square feet. The property consists of eight (8) bungalow-style units around a shaded outdoor courtyard with five (5) surface parking spaces. The asset offers a unit mix of one (1) 2 BD/1.5 BA; two (2) 1 BD/ 1BA; and five (5) studios, most with enclosed outdoor private spaces and one with a private sauna. The property's location in prime Venice is just one block from high-end shopping and dining amenities along Abbot Kinney Boulevard and within walking distance to the Venice Canals, Venice Beach and Boardwalk as well as vibrant boutiques and restaurants along Main Street and Rose Avenue. Offered at only $274,375 per unit, the asset provides a new investor with 44% rental upside - 9.21x gross and 7.5% cap rate at market rents. 538 Rialto represents a value-add opportunity for investors in an A+ Venice location.
- Listed by Kimberly Roberts Stepp • DRE #01251767 • Brokerage DRE #01854200 • KW Advisors
Property Details for 538 Rialto Avenue
Zoning
LARD1.5
Parcel Number4238016014
Total Units8.0
Living Area2768
Source Living AreaVendor Enhanced
AreaVenice (C11)
Vacancy Rate3%
Lot Size Area7652
Location
LISTING UPDATED: 05/30/2024 01:34 PM
Property Details for 538 Rialto Avenue
Status | Active |
---|---|
MLS # | 23-286813 |
Days on Market | 333 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.18 AC / 7,652 SF |
County | Los Angeles County |
Location
Building Information for 538 Rialto Avenue
Stories1Residences-Year Built1922Building Size-Lot Size0.18 AC / 7,652 SF
Payment Calculator
$12,231 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 538 Rialto Avenue
Property History for 538 Rialto Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 538 Rialto Avenue
Taxable ValueLand$121,568Additions$49,980Total$171,548
Tax Record2023$3,022 ($252 / month)
Home Facts
Total Finished SqFt2,768 SqFtAbove Grade Finished SqFt2,768 SqFtLot Size7,652 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLARD1.5CountyLOS ANGELESAPN4238-016-014
Schools near 538 Rialto Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Westminster Avenue Elementary School PublicK to 5 | ||
Venice Senior High School Public9 to 12 | ||
Animo Venice Charter High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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