#24411166, Tamra (Tami) Pardee, Listing Office: Pardee Properties
#24468487·
Listing Office: Pardee Properties·
Listing Agent: Tyler Kunkle·
Listing Office Phone: 310-907-6517
$10,000
closing credit¹
538 Rialto Ave Venice, CA 90291
$2,195,000 List price
$10,000
Closing credit¹
9 beds
9 baths
3,101 sqft
0.2 acres
$708 / sqft
House
Property details
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!
Highlights
Home typeOther
HeatingWall Furnace
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Size3,101 sqft
Lot size0.1757 Acres
Year built1922
ParkingShared Driveway
MLS #24468487
Summary
- MLS Number: 24468487
- MLS Name: CRMLS
- Office Name: Pardee Properties
- Office Phone: (310) 907-6517
- Listing Agent: Tyler Kunkle
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: 2/10/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,195,000
538 Rialto Ave
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $174,978 | $3,059 |
| 2023 | $171,548 | $3,021 |
| 2022 | $168,185 | $2,922 |
| 2021 | $164,889 | $2,875 |
| 2020 | $163,199 | $2,814 |
| 2019 | $160,000 | $2,727 |
| 2018 | $156,863 | $2,640 |
| 2017 | $153,788 | $2,640 |
History based on county public records data.
Nearby schools
5
Westminster Avenue Elementary
Public District KG-5
0.4 mi
•1010 Abbot Kinney Blvd
8
Broadway Elementary School
Public District KG-5
0.7 mi
•1015 Lincoln Blvd
6
Coeur d'Alene Avenue School
Public District KG-5
0.7 mi
•810 Coeur D Alene Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $79,107. Residents of Venice, CA typically earn between $35k-100k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
22%
<35k
37%
35k-100k
19%
100k-200k
22%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
80%
Single, No Kids
4%
Single, with Kids
11%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
1%
12-17 yrs old
39%
18-34 yrs old
48%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Music Concerts
Hiking/backpacking
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Jack In The Box
What do the neighbors drive?
Audi
Volkswagen
Toyota
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 538 Rialto Ave
This home is located at 538 Rialto Ave in Venice, CA and zip code 90291 in the Venice neighborhood. This 3,101 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.
While more than 294 listings in Venice, CA in January 2025 were sold above asking price, there were more than 161 listings sold at asking price, and more than 545 were sold below. In January 2025 in Venice, CA there were 20.1% more homes for sale than in December. In January 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $1,035,435.
From Rocket Homes Real Estate and based on county public records data.