OFF MARKET

Off Market Jun 2025 for $1.7M

—

Est. refi paymentEst. refi $11,659/mo

•

9 ba

•

3,101

sq ft

538 Rialto Ave, Venice, CA 90291

About this home

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!

Multi-familyProperty Type

1922Year Built

7,654 sq ftLot Size

$556Price/Sq.Ft.

5 spacesParking

Listed by Tyler Kunkle •DRE #01965642

•310-993-7333 (agent)

•tyler@pardeeproperties.com (agent)

Bought with Nabil Awada •DRE #02046840 • Matthews Real Estate Investment Services

Redfin checked: a few seconds ago

•Source:TheMLS #24-468487

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Windward Circle, CA

Last updated August 2026

Sale-to-List Price

99.5%

0.3% MoM

Median sale price

$1.4M

$42K MoM

Avg. days on market

70d

2 days MoM

Recently sold homes

1 MoM

New listings for sale

OPEN SUN, 2PM TO 5PM
$2,595,000
4 beds3 baths1,925 sq ft
908 California Ave, Venice, CA 90291
$3,499,999
6 beds5 baths4,015 sq ft
1140 Nowita Pl, Venice, CA 90291
OPEN TUE, 11:30AM TO 2PM
$2,995,000
3 beds3 baths2,428 sq ft
409 Howland Canal, Venice, CA 90291
OPEN TUE, 12PM TO 2PM
$1,875,000
3 beds3 baths1,708 sq ft
810 Indiana Ave, Venice, CA 90291
COMING SOON
$2,795,000
4 beds5 baths3,499 sq ft
1208 Palms Blvd, Venice, CA 90291
$2,295,000
3 beds2 baths1,604 sq ft
1031 Lake St, Venice, CA 90291
OPEN TUE, 11AM TO 2PM
$1,695,000
2 beds1 bath960 sq ft
128 Park Pl, Venice, CA 90291
$3,250,000
8 beds4 baths2,982 sq ft
2824 Grand Canal, Venice, CA 90291
OPEN TUE, 12PM TO 2PM
$5,850,000
5 beds5 baths3,004 sq ft
1623 Crescent Pl, Venice, CA 90291
$3,495,000
2 beds4 baths4,626 sq ft
46 Rose Ave, Venice, CA 90291
See all

Provided by Redfin

Sale history for 538 Rialto Ave

Year

Property tax

Land + Additions

Assessment*

2025

$3,149 (+2.9%)

$126,478 + $51,998

$178,476

2024

$3,060 (+1.3%)

$126,478 + $51,998

$178,476

2023

$3,022 (+3.4%)

$123,999 + $50,979

$174,978

2022

$2,922 (+1.6%)

$121,568 + $49,980

$171,548

2021

$2,876 (−0.6%)

$119,185 + $49,000

$168,185

2020

$2,894 (+2.8%)

$116,849 + $48,040

$164,889

2019

$2,814 (+3.2%)

$115,651 + $47,548

$163,199

2018

$2,727 (+3.3%)

$113,384 + $46,616

$160,000

2017

$2,640 (+3.1%)

$108,982 + $44,806

$153,788

2016

$2,561 (+1.1%)

$108,982 + $44,806

$153,788

2015

$2,534 (−2.5%)

$106,846 + $43,928

$150,774

2014

$2,599 (−0.5%)

$103,181 + $42,422

$145,603

2012

$2,611 (+1.8%)

$102,715 + $42,231

$144,946

2011

$2,564 (+2.8%)

$100,701 + $41,403

$142,104

2010

$2,494 (+3.2%)

$98,727 + $40,592

$139,319

2009

$2,416 (+3.2%)

$97,990 + $40,289

$138,279

2008

$2,342

$98,223 + $40,385

$138,608

Tax history for 538 Rialto Ave

Year

Property tax

Land + Additions

Assessment*

2025

$3,149 (+2.9%)

$126,478 + $51,998

$178,476

2024

$3,060 (+1.3%)

$126,478 + $51,998

$178,476

2023

$3,022 (+3.4%)

$123,999 + $50,979

$174,978

2022

$2,922 (+1.6%)

$121,568 + $49,980

$171,548

2021

$2,876 (−0.6%)

$119,185 + $49,000

$168,185

2020

$2,894 (+2.8%)

$116,849 + $48,040

$164,889

2019

$2,814 (+3.2%)

$115,651 + $47,548

$163,199

2018

$2,727 (+3.3%)

$113,384 + $46,616

$160,000

2017

$2,640 (+3.1%)

$108,982 + $44,806

$153,788

2016

$2,561 (+1.1%)

$108,982 + $44,806

$153,788

2015

$2,534 (−2.5%)

$106,846 + $43,928

$150,774

2014

$2,599 (−0.5%)

$103,181 + $42,422

$145,603

2012

$2,611 (+1.8%)

$102,715 + $42,231

$144,946

2011

$2,564 (+2.8%)

$100,701 + $41,403

$142,104

2010

$2,494 (+3.2%)

$98,727 + $40,592

$139,319

2009

$2,416 (+3.2%)

$97,990 + $40,289

$138,279

2008

$2,342

$98,223 + $40,385

$138,608

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

7,654 Sq. Ft.

Year renovated

1955

Sq. Ft.

2,768

Year built

1922

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

4238016014

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 21, 2026.

Sep 1, 2022 • Final

Bldg-alter/repair

Remodel a residential unit by replacing interior doors and exterior windows. Remodel the existing bathroom.

Bathroom

Remodel

Aug 31, 2022 • Final

Hvac

Install a supplemental vent heater.

HVAC

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Garage
Shared Driveway

Parking
# of Parking Spaces (Total): 5
# of Open Other Spaces: 5

Interior

Laundry Information
Laundry in Unit

Equipment
Refrigerator, Range/Oven, Stackable W/D Hookup, Washer, Dryer

Heating & Cooling
No Cooling
Wall Heat

Multi-Unit Income
Gross Income: 171630
Gross Operating Income: $171,630
Net Operating Income: $105,730

Multi-Unit Expenses
Total Annual Expense: $65,900

Multi-Unit Other Financial Information
Rent Control: 100
Cap Rate: 4.82
Gross Rent Multiplier: 12.79
Scheduled Actual: Actual

Multi-Unit Information
Unit Type Type: 1, 2, 3
Type Of Units: apartments
# of Buildings: 6

Unit 1 Information
# of Beds: 2
# of Baths: 1.50
Rent: $2,682.30
Projected Rent: $4,000
Actual Rent: $2,682.30
# of Units: 1

Unit 2 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,028
Projected Rent: $6,000
Actual Rent: $4,056
# of Units: 2

Unit 3 Information
# of Beds: 0
# of Baths: 1.00
Rent: $1,512.80
Projected Rent: $12,000
Actual Rent: $7,564.20
# of Units: 5

Exterior

Building Information
One Level
Attached

Property Information
Property Type: Residential Income

Land Information
Other Structures: None

Lot Information
Lot Size (Sq. Ft.): 7,654
Lot Size (Acres): 0.1757
Zoning: LARD1.5

Financial

Assessment Information
Assessed Total Value: $171,548
Assessed Land Value: $121,568
Assessed Land %: 70.87
Assessed Improvement Value: $49,980
Assessed Improvement %: 29.13
Assessor Parcel Number: 4238-016-014

Location

Community Information
# of Units in Complex (Total): 8

Location Information
Directions: North of Venice, East of Main, South of Rose, West of Abbot Kinney

Public facts

Beds: 11
Baths: 9.0
Sq. Ft.: 2,768
Stories: —
Lot Size: 7,654 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1922
Year Renovated: 1955
County: Los Angeles County
APN: 4238016014

Home facts updated by county records on Sep 21, 2026

Other

Documents & Disclosures
Disclosures: As Is, Coastal Commission Restrictions

Around this home

Schools

Westminster Avenue Elementary School

Public K-5 • Assigned • 0.4mi

7/10

Mark Twain Middle School and World Languages Magnet

Public 6-8 • Assigned • 1.5mi

8/10

Venice Senior High School

Public 9-12 • Assigned • 1.3mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...
2 weeks ago • Los Angeles
Peter Santos
Redfin Premier agent
84 deals
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LA's real estate market stays a top-tier profit machine through the mid point of26! Strong demand, tight inventory, and the city's allure drive steady 3-7% appreciation. High equity and robust rents make it ideal for long-term investors seeking...
2 months ago • Los Angeles
Thomas Chorley
Redfin Premier agent
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Climate risks

9/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 83° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 6 days in 30 years

Provided by First Street

Historical weather

Venice, CA • 90291

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 6.7 hours in December, placing it above the U.S. average for solar exposure.

9.2 hrs

6.7 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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Marcus & Millichap

New listings for sale in 90291

OPEN SUN, 2PM TO 5PM

$2,595,000

4 beds3 baths1,925 sq ft

908 California Ave, Venice, CA 90291

$3,499,999

6 beds5 baths4,015 sq ft

1140 Nowita Pl, Venice, CA 90291

OPEN TUE, 11:30AM TO 2PM

$2,995,000

3 beds3 baths2,428 sq ft

409 Howland Canal, Venice, CA 90291

OPEN TUE, 12PM TO 2PM

$1,875,000

3 beds3 baths1,708 sq ft

810 Indiana Ave, Venice, CA 90291

COMING SOON

$2,795,000

4 beds5 baths3,499 sq ft

1208 Palms Blvd, Venice, CA 90291

$2,295,000

3 beds2 baths1,604 sq ft

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Home values near 538 Rialto Ave

Data from public records.

Address	Redfin Estimate
537 Rialto Ave, Venice, CA 2 Beds \| 2 Baths \| 1248 Sq. Ft.	$1,749,358
532 Rialto Ave, Venice, CA 3 Beds \| 2 Baths \| 1134 Sq. Ft.	$2,045,366

Address	Redfin Estimate
539 Rialto Ave, Venice, CA 2 Beds \| 1 Baths \| 432 Sq. Ft.	$1,277,619
528 Rialto Ave, Venice, CA 5 Beds \| 5 Baths \| 2820 Sq. Ft.	$2,259,609

Address	Redfin Estimate
541 Rialto Ave, Venice, CA 3 Beds \| 3 Baths \| 2336 Sq. Ft.	$2,318,175
526 Rialto Ave, Venice, CA 5 Beds \| 5 Baths \| 2820 Sq. Ft.	$2,117,458

Property information provided by TheMLS when last listed in 2024. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in Windward Circle, CA

Sale history for 538 Rialto Ave

Tax history for 538 Rialto Ave

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 90291

Home values near 538 Rialto Ave

More real estate resources