538 Rialto Ave Venice, CA 90291
Multi-Family (2-4 Units)
MLS #: 24-468487
Courtesy Of Pardee Properties
$2,195,000
9 beds
|
2,768 sq ft
Print property details
Share
Estimated monthly payments:
$9,595/mo.* (recalculate)
Property InformationDescription
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!
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Bungalow
- Lot Size: 0.18 Acres
MAP & DIRECTIONS
School Information
538 Rialto Ave, Venice, CA 90291
Elementary School
Grades KG-5 |
Public School
WESTMINSTER AVENUE ELEMENTARY
Venice, CA 90291
1010 Abbot Kinney Blvd
310.392.3041
Distance: 0.4 mi
School Rating
C
Student:Teacher Ratio
19:1
Total Students
403
Middle School
Grades 6-8 |
Public School
MARK TWAIN MIDDLE SCHOOL
Los Angeles, CA 90066
2224 Walgrove Ave
310.305.3100
Distance: 1.3 mi
School Rating
C
Student:Teacher Ratio
22:1
Total Students
874
High School
Grades 9-12 |
Public School
VENICE HIGH SCHOOL
Los Angeles, CA 90066
13000 Venice Blvd
310.577.4200
Distance: 1.4 mi
School Rating
A-
Student:Teacher Ratio
21:1
Total Students
2047
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Animo Venice Charter High School | 0.6 mi | Public | 9-12 | B |
| Ecole Clairefontaine | 0.6 mi | Private | KG-1 | |
| Broadway Elementary School | 0.7 mi | Public | KG-5 | A |
| Westside Global Awareness Magnet | 0.7 mi | Public | KG-8 | C+ |
| Coeur D'alene Avenue School | 0.7 mi | Public | KG-5 | B |
| Acton Academy Venice Beach | 0.8 mi | Private | KG-11 | |
| St Mark Elementary School | 0.8 mi | Private | KG-8 | |
| Olympic High (continuation) | 1.4 mi | Public | 9-12 | D |
| John Muir Elementary School | 1.4 mi | Public | PK-5 | |
| Santa Monica Alternative (k-8) | 1.4 mi | Public | KG-8 | A |
| Walgrove Avenue Elementary | 1.4 mi | Public | KG-5 | D+ |
| Phoenix Continuation | 1.5 mi | Public | 9-12 | D |
| Beethoven Street Elementary School | 1.6 mi | Public | KG-5 | C+ |
| Will Rogers Learning Community | 1.6 mi | Public | KG-5 | B- |
| John Adams Middle School | 1.7 mi | Public | 6-8 | B+ |
| Short Avenue Elementary | 1.9 mi | Public | KG-6 | B+ |
| Santa Monica High School | 1.9 mi | Public | 9-12 | A |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Venice, CA 90291
| Median Age: | 40.2 |
|---|---|
| Married: | 29% |
| Number of Households: | 13,508 |
| Households with Children: | 14.8% |
Venice, CA 90291
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
