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Sold for $1,725,000 on 06/20/25
  • $1,725,000

    538 Rialto Ave, Venice, CA 90291

    9beds
    9baths
    3,101sqft
    Multi Family
    Built in 1922
    -- sqft lot
    $1,718,600 Zestimate®
    $556/sqft
    $5,736 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: June 22, 2025 at 02:16pm

    Listed by:

    Tyler Kunkle DRE # 01965642 310-993-7333,

    Pardee Properties 310-907-6517

    Bought with:

    Nabil Awada, DRE # 02046840

    Matthews Real Estate Investment Services

    Source: CLAW,MLS#: 24-468487MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 9
    Heating
    • Wall
    Cooling
    • None
    Appliances
    • Included: Refrigerator, Range/Oven, Washer, Dryer
    • Laundry: In Unit, Stackable W/D Hookup
    Interior area
    • Total structure area: 3,101
    • Total interior livable area: 3,101 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Shared Driveway
    • Uncovered spaces: 5
    Features
    • Levels: One
    Lot
    • Size: 7,653 sqft
    Details
    • Additional structures: None
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: California Bungalow
    • Property subtype: Multi Family
    Condition
    • Year built: 1922

    Community & neighborhood

    Location
    • Region: Venice
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,718,600

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,718,600