• 2,768 sq.ft.
  • 7,652 sq.ft. lot
offered at $2,195,000
Status: Active // Property Type:
County: Los Angeles // Year Built: 1922

Property 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 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.

Listing Courtesy of Kimberly Roberts Stepp, KW Advisors

Interior Features

Interior Features: Ceiling Fan(s) // Heating: Wall Furnace
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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