$2,195,000
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538 Rialto Avenue Venice, CA 90291
Cluster
Residence
9
Beds
9
Baths
...
Bed/Bath
2,768
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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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.
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MLS#
23286813
Property Type
Cluster
Bedrooms
9
Bathrooms
Year Built
1922
Square Feet
2,768
sq. ft
Lot Size
0.18
Stories
1.0
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