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538 Rialto Ave, Venice, CA 90291

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For Sale

$2,195,000

9 beds3,101 sqft

Estimated Payment

$ 11,250 /mo.

6.63% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $707.84
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# 24-468487

Courtesy Of Pardee Properties

(310) 907-6517

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Bungalow
  • Lot Size
    0.18 Acres

Map and Directions

Directions to 538 Rialto Ave, Venice, CA 90291
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $11,250
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $11,250

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Westminster Avenue Elementary

Grades KG-5 Public School


Venice, CA 90291 0.4 miles
1010 abbot kinney blvd

403 total students
19:1 Student teacher ratio

Mark Twain Middle School

Grades 6-8 Public School


Los Angeles, CA 90066 1.3 miles
2224 walgrove ave

874 total students
22:1 Student teacher ratio

Venice High School

Grades 9-12 Public School


Los Angeles, CA 90066 1.4 miles
13000 venice blvd

2047 total students
21:1 Student teacher ratio

Other Nearby Schools Distance Type Grades School Rating
Animo Venice Charter High School 0.6 miles Public 9-12 B
Ecole Clairefontaine 0.6 miles Private KG-1
Broadway Elementary School 0.7 miles Public KG-5 A
Westside Global Awareness Magnet 0.7 miles Public KG-8 C+
Coeur D'alene Avenue School 0.7 miles Public KG-5 B
Acton Academy Venice Beach 0.8 miles Private KG-11
St Mark Elementary School 0.8 miles Private KG-8
Olympic High (continuation) 1.4 miles Public 9-12 D
John Muir Elementary School 1.4 miles Public PK-5
Santa Monica Alternative (k-8) 1.4 miles Public KG-8 A
Walgrove Avenue Elementary 1.4 miles Public KG-5 D+
Phoenix Continuation 1.5 miles Public 9-12 D
Beethoven Street Elementary School 1.6 miles Public KG-5 C+
Will Rogers Learning Community 1.6 miles Public KG-5 B-
John Adams Middle School 1.7 miles Public 6-8 B+
Short Avenue Elementary 1.9 miles Public KG-6 B+
Santa Monica High School 1.9 miles Public 9-12 A

Animo Venice Charter High School

Distance: 0.6 miles

Type Public

Grades: 9-12

B

Ecole Clairefontaine

Distance: 0.6 miles

Type Private

Grades: KG-1

Broadway Elementary School

Distance: 0.7 miles

Type Public

Grades: KG-5

A

Westside Global Awareness Magnet

Distance: 0.7 miles

Type Public

Grades: KG-8

C+

Coeur D'alene Avenue School

Distance: 0.7 miles

Type Public

Grades: KG-5

B

Acton Academy Venice Beach

Distance: 0.8 miles

Type Private

Grades: KG-11

St Mark Elementary School

Distance: 0.8 miles

Type Private

Grades: KG-8

Olympic High (continuation)

Distance: 1.4 miles

Type Public

Grades: 9-12

D

John Muir Elementary School

Distance: 1.4 miles

Type Public

Grades: PK-5

Santa Monica Alternative (k-8)

Distance: 1.4 miles

Type Public

Grades: KG-8

A

Walgrove Avenue Elementary

Distance: 1.4 miles

Type Public

Grades: KG-5

D+

Phoenix Continuation

Distance: 1.5 miles

Type Public

Grades: 9-12

D

Beethoven Street Elementary School

Distance: 1.6 miles

Type Public

Grades: KG-5

C+

Will Rogers Learning Community

Distance: 1.6 miles

Type Public

Grades: KG-5

B-

John Adams Middle School

Distance: 1.7 miles

Type Public

Grades: 6-8

B+

Short Avenue Elementary

Distance: 1.9 miles

Type Public

Grades: KG-6

B+

Santa Monica High School

Distance: 1.9 miles

Type Public

Grades: 9-12

A

Local area information for Venice, CA 90291

Tour the area

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Venice, CA 90291

This community’s employment is highest in the food and administrative support industries. The area’s overall household expenses are above the national average.

74° September
Hottest Average Month

47° January
Coldest Average Month
13,508 Total Households in Area
14.9%
of households
have children
19 minutes
Median Commute Time

Household Expenses vs National Average

Demographic facts
for Venice, CA 90291

Venice, CA 90291 has a population of 27,684 people in 13,508 households with a median age of 40.2 years old.

Down -3.2%
Decrease in population
since the year 2010

Population is Trending down
14,314
Total households as of 2010
Up
0.4%

Community Population By Age

Community Population By Ethnicity

White 67%
Hispanic 18%
Other 9%
Asian 5%
Black 5%
Native American 1%

Economics
for Venice, CA 90291

9,753 /sq mi
Population Density
$114,589 /yr
Median Household Income
$1,960,000
Median Sales Price
19 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 53%
  • Work from Home 34%
  • Walk or Bike 11%
  • Public Transit 2%

Occupancy by Type

Rented 8,384 54%
Owned 5,124 33%
Vacant 1,963 13%

White vs Blue Collar Jobs







White Collar 96%
Blue Collar 4%

Family & Education Facts
for Venice, CA 90291

40.2 Median Age

Average Household Size

2
persons per
household

29.5%

Married Households

Community Population By Education

Bachelors Degree 44%
Graduate Degree 26%
Some College 13%
High School Graduate 9%
Some High School 4%
Associates Degree 3%

Household Family Expenses vs National Average

14.9% of households have children

Weather
for Venice, CA 90291

The weather for this area ranges from a high of 74° F in September to a low of 47° F in January

74° September
Hottest Average Month
47° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
47°
66°
Feb
48°
66°
Mar
50°
67°
Apr
52°
66°
May
56°
68°
Jun
59°
70°
Jul
62°
73°
Aug
63°
74°
Sep
62°
74°
Oct
57°
72°
Nov
51°
71°
Dec
48°
66°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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