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$1,725,000
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Property Description
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!
Full Property Details
Full Property Details for 538 Rialto Ave
General
- Sold For: $1,725,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 24-468487
- Added to Site: 444 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 9
Bedrooms
- Total Bedrooms: 9
Other Rooms
- Laundry: In Unit
Additional Information
- Other Features: None
Parking
- Garage Description: Shared Driveway
Location
- Area: Venice
- County: Los Angeles
- Driving Directions: North of Venice, East of Main, South of Rose, West of Abbot Kinney
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 6
- Architectural Style: California Bungalow
- Common Walls: Attached
- Stories/Levels: 0
- Square Feet: 3,101
- Sq. Ft. Source: Appraiser
- Year Built: 1922
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 8
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1757
- Lot Size: 7654
- Lot Size Source: Vendor Enhanced
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $675.59
- Assessment Year: 1922
Disclosures and Reports
- Disclosures/Reports: As Is, Coastal Commission Restrictions
- APN: 4238-016-014
Listed by Pardee Properties, Tyler Kunkle
Sold by Matthews Real Estate Investment Services, Nabil Awada
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Schools
Schools serving 538 Rialto Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Westminster Avenue Elementary School 1010 Abbott Kinney Blvd., Los Angeles, CA 90291 | K-5 | 0.4 mi |
Mark Twain Middle School and World Languages Magnet 2224 Walgrove Avenue, Los Angeles, CA 90066 | 6-8 | 1.5 mi |
Venice Senior High School 13000 Venice Boulevard, Los Angeles, CA 90066 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 538 Rialto Ave
Date
Details
Price
Change
Source
6/20/2025
Sold
$1,725,000
-17.66%
MLS
4/02/2025
Price Reduced
$2,095,000
-4.56%
MLS
12/10/2024
Listed
$2,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
538 Rialto Ave, Venice, CA 90291 (MLS# 24-468487) is a Multi-Family property that was sold at $1,725,000 on June 20, 2025. Want to learn more about 538 Rialto Ave? Do you have questions about finding other Multi-Family real estate for sale in Venice? You can browse all Venice real estate or contact a Coldwell Banker agent to request more information.

