Description
The bungalows on rialto is located at 538 rialto avenue in venice, california. three contiguous lots make up the parcel, totaling 7,652 square feet. the property is comprised 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 (dubbed "the coolest street in america" by gq magazine), and within 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 $349,375 per unit, the asset provides a new investor with 50% rental upside and 11.7 x gross and 5.7% cap rate at market rents. the bungalows on rialto represents a value-add opportunity for investors in an a+ venice location.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
44518796
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BuyOwner last updated this listing 04/28/2024 @ 16:37
- MLS: 23286813
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
Buyer Agency Compensation: 2%
Offer of compensation is made only to participants of the MLS where the listing is filed.
is a Home, with 9 bedrooms which is for sale, it has 2,768 sqft, 7,652 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Venice , in zip code 90291, this Los Angeles County Home are nearby neighborhoods.