538 Rialto Avenue in Venice

Clifornia 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 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 $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.

Request Information
on 538 Rialto Ave
in Venice, CA
Presented by Kimberly Roberts at
KW Advisors.


Property MLS #23-286813 from TheMLSCLAW

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 9

+ Bathrooms

Total Bathrooms: 9
Full Bathrooms: 9

+ Heating and Cooling

Heating Features: Wall

+ Land Info

Lot Size Acres: 0.1756657
Lot Size Source: Assessor
Lot Size Square Feet: 7652

+ Garage and Parking

Garage Description: Parking Space
Parking Total: 5

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 8
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1.5, 1 SquareFeet: 3400, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 5450, 3 BathsTotal: 1, 3 SquareFeet: 11000

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Directions: Grand Blvd & Rialto Ave
Source Property Type: Residential Income
Area: Venice
Source Neighborhood: Venice
Parcel Number: 4238-016-014
Postal Code Plus 4: 4291
Zoning: LARD1.5
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-05-30
$2195000
TheMLSCLAW

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Price Changed 2024-01-16
$2600000
TheMLSCLAW

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Price Changed 2023-08-02
$2795000
TheMLSCLAW

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Listed 2023-07-03
$3100000
TheMLSCLAW

+ Commercial Info

Net Operating Income: 97449

+ Building and Construction

Total Square Feet Living: 2768
Year Built: 1922
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 102
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced

+ Home Features

Other Equipment: Ceiling Fan, Dishwasher

+ Display Complete School Details

Westminster Avenue Elementary School is a public elementary school located approximately 0.4 miles away.
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Mark Twain Middle School and World Languages Magnet is a public middle school located approximately 1.3 miles away.
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Venice Senior High School is a public high school located approximately 1.4 miles away.
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Ecole Claire Fontaine is a private elementary school located approximately 0.5 miles away.
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Acton Academy Venice Beach is a private elementary, middle and high school located approximately 0.5 miles away.
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