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!
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
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#: 24-468487

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