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538 Rialto Ave
Venice, CA 90291
Only $274,375 Per Unit · Multifamily Property For Sale
·
8 Units
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 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 2,768 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1922 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| 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 | 1.61/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
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 | $51,998 |
| Land Assessment | $126,478 | Total Assessment | $178,476 |
Property Taxes
Parcel Number
4238-016-014
Land Assessment
$126,478
Improvements Assessment
$51,998
Total Assessment
$178,476
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