9 bedroom house for sale
Venice CA 90291
- Property Type
- House
- Price
- $2,600,000
- Beds
- 9
- Baths
- 9
Overview
538 Rialto Avenue in Venice, California is comprised of three (3) contiguous lots, totaling 7, 652 square feet. The property consists of eight (8) bungalow-style units around a shaded outdoor courtyard with five (5) surface parking spaces.The asset offers a unit mix of one (1) 2 BD/1.5 BA; two (2) 1 BD/ 1BA; and five (5) studios, most with enclosed outdoor private spaces and one with a private sauna.The property's location in prime Venice is just one block from high-end shopping and dining amenities along Abbot Kinney Boulevard and within walking distance to the Venice Canals, Venice Beach and Boardwalk as well as vibrant boutiques and restaurants along Main Street and Rose Avenue.Offered at only $325, 000 per unit, the asset provides a new investor with 50% rental upside - 10.9x gross and 6.2% cap rate at market rents. 538 Rialto represents a value-add opportunity for investors in an A+ Venice location.Investment Highlights Highly Desirable Venice Location One Block to Abbot Kinney Blvd. Walking Distance to Venice Beach and Canals 3 Contiguous Lots Form the Parcel, Totaling 7, 652 SF Renovated Units Include Recessed Lighting, Bamboo Flooring, Ceiling Fans and Fully Upgraded Kitchens and Bathrooms Most Units Include Enclosed Private Patios, One with Large Outside Enclosed Sauna 50% Upside Potential in Rents.
Details
- Beds: 9
- Baths: 9
- Price: $2,600,000
- Reference No.: 69244188
- Area: 2,768 sqft
Location
Venice CA 90291
9 bedroom house for saleRelated Properties
Disclaimer
2024-03-21, Viewed 1 times.
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-21, Viewed 1 times.
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