This Multifamily Property is no longer advertised on LoopNet.com.

538 Rialto Ave
Venice, CA 90291

Only $274,375 Per Unit · Multifamily Property For Sale · 8 Units

Apartment Buildings California Venice 538 Rialto Ave, Venice, CA 90291

INVESTMENT HIGHLIGHTS

  • Highly Desirable Venice Location - One Block to Trendy Abbot Kinney Blvd.
  • Renovated Units Include Recessed Lighting, Bamboo Flooring, Ceiling Fans and Upgraded Kitchens & Baths; Most Units Include Enclosed Private Patios
  • Priced at Only $274,375 per Unit, 7.5% Cap Rate & 9.21 x Gross at Market Rents
  • 3 Contiguous Lots Form One 7,652-SF Parcel
  • +/-50% Upside Potential in Rents

PROPERTY FACTS

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.18 AC
Building Size 2,768 SF
No. Stories 1
Year Built 1922
Parking Ratio 1.81/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 1 $2,480 865
2+1 2 $1,875 364
Studios 5 $1,399 235

PROPERTY TAXES

Parcel Number 4238-016-014 Improvements Assessment $50,979
Land Assessment $123,999 Total Assessment $174,978
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  • Listing ID: 28838152

  • Date on Market: 6/23/2023

  • Last Updated:

  • Address: 538 Rialto Ave, Venice, CA 90291

More public record information on 538 Rialto Ave, Venice, CA 90291

The Multifamily Property at 538 Rialto Ave, Venice, CA 90291 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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