new - 7 days on rocket

538 Rialto Ave, Venice, CA, 90291

$2,195,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
9 Baths
2,768 SqFt
$793/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

538 Rialto Ave, Los Angeles$2,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingShared Driveway
Year Built1922
HeatingWall Furnace
CoolingNone
MLS #24468487
Lot Size0.18 Acres
StatusActive

About 538 Rialto Ave

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!

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 0
  • Living Area: 2,768 SqFt

Listing Office:

  • Office Name: Pardee Properties
  • Office Phone: (310) 907-6517
  • Listing Agent: Tyler Kunkle

Interior Features

Interior Information:

  • Appliances: Refrigerator, Dryer, Washer

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: Shared Driveway

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: North of Venice, East of Main, South of Rose, West of Abbot Kinney

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,195,000
  • Price Per SqFt: $793/SqFt

Tax Information:

  • Annual Amount: $2,876
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

538 Rialto Ave vs Los Angeles

7 DAYS ON ROCKET

-31 Days

$2,195,000

+$1.1M More

$793/SqFt

+$153 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $153/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24468487

Listing Office:

  • Office Name: Pardee Properties
  • Office Phone: (310) 907-6517
  • Listing Agent: Tyler Kunkle

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,876$164,889
2020$2,814$163,199
2019$2,727$160,000
2018$2,640$156,863
2017$2,640$153,788

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,647

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4475891
5
/10

  • Westminster Avenue Elementary

  • 1010 Abbot Kinney Blvd

  • 0.41 miles

  • Public District Grades KG-5

school-card-donut-4475892
8
/10

  • Broadway Elementary School

  • 1015 Lincoln Blvd

  • 0.67 miles

  • Public District Grades KG-5

school-card-donut-4475893
6
/10

  • Coeur d'Alene Avenue School

  • 810 Coeur D Alene Ave

  • 0.73 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,107. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 538 Rialto Ave

What is the listing price of this property?

The listing price of 538 Rialto Ave property is $2,195,000.

What type of property is this?

The property 538 Rialto Ave is a house located in Venice, California, 90291.

Is this property for sale now?

Active Listing: 538 Rialto Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,876 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 538 Rialto Ave has 9 bedrooms and 9 bathrooms.

What is the square footage of this property?

The property 538 Rialto Ave is 2,768 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 538 Rialto Ave is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90291›538 Rialto Ave

This home is located at 538 Rialto Ave in Venice, CA and zip code 90291 in the Venice neighborhood. This 2,768 square foot home, which was built in 1922, sits on a 0.18 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $2,195,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources