NOT LISTED FOR SALE

565 Rialto Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,467,000 - $1,767,590

3 Beds
2 Baths
1,372 Sq Ft
$1,193/Sq Ft Est. Value

Last Sold September 26, 2024

Last sale price $1,530,000 $1,115 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,695/month

11 Days on Market

About This Home

As of September 2024

Amazing, street-to-street lot, with charming duplex one block from the center of iconic Abbot Kinney and approx. 1/2 mile to the world-famous Venice Boardwalk and Beach! This one-of-kind property boast two units, each unit having private access from different streets (Rialto Ave. and Cabrillo Ave.). This layout makes the property feel like two separate houses on two separate streets. Both units have their own one-car garage and private outdoor space. The unit accessed from Rialto Ave. is a spacious 1br/1ba with hardwood floors (tenant occupied with an amazing tenant at market rate rent). The second unit will be delivered vacant and boasts 2bd/1ba with a more open layout and a large outdoor area. This unit is accessed from Cabrillo Ave. Both units have their washer and dryer hookups located in their individual garages and are extremely private with gated entrances and only a side gate connecting the two units. This is one property you don't want to miss!

Last Agent to Sell the Property

Alison MacCracken

Compass License #01920182 Listed on: 08/01/2024

Compass

Last Buyer's Agent

Emma Puluti

eXp Realty of California Inc License #02143067

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 3,014

Parking

  • 2 Car Garage

Interior Spaces

  • 1,372 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • 3,014 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4238-005-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

3,014 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1372
  • Lot Acreage: 0.0692
  • Stories: 1
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Common Walls: Attached
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 1092.57

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 43.17
  • Assessed Improvement Value: 31310
  • Assessed Land Percent: 56.83
  • Assessed Land Value: 41214
  • Total Assessed Value: 72524
  • Assessor Parcel Number: 4238-005-009
  • Lot Size Area: 3014

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Sep 5, 2024
Sold by
Arredondo Family Trust and Russell Maria A
Bought by
Farrell Emily
Seller's Agent
Alison MacCracken
Compass
Buyer's Agent
Emma Puluti
eXp Realty of California Inc
List Price
$1,499,000
Sold Price
$1,530,000
Premium/Discount to List
$31,000
2.07%
Views
9
Current Estimated Value
$1,636,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,398
Avg. Annual Appreciation
4.65%
Original Mortgage
$1,200,000
Outstanding Balance
$1,181,886
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$454,512

Purchase Details

Closed on
Apr 29, 2024
Sold by
Arredondo Family Trust and Russell Maria A
Bought by
Arredondo Family Trust and Russell

Purchase Details

Closed on
Apr 11, 2024
Sold by
Arredondo Family Trust and Russell Maria A
Bought by
Arredondo Family Trust and Russell

Purchase Details

Closed on
Jun 14, 2002
Sold by
Arredondo Jesus and Arredondo Altagracia
Bought by
Arredondo Jesus and Arredondo Altagracia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Farrell Emily $1,530,000 Lawyers Title Company
Arredondo Family Trust -- None Listed On Document
Arredondo Family Trust -- None Listed On Document
Arredondo Jesus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farrell Emily $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2024 09/26/24 Sold $1,530,000 +2.1% $1,115 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
08/01/2024 08/01/24 For Sale $1,499,000 -- $1,093 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,040 $1,530,000 $1,270,000 $260,000
2024 $1,040 $73,974 $42,038 $31,936
2023 $1,026 $72,524 $41,214 $31,310
2022 $986 $71,103 $40,406 $30,697
2021 $963 $69,710 $39,614 $30,096
2019 $936 $67,644 $38,440 $29,204
2018 $888 $66,319 $37,687 $28,632
2016 $834 $63,746 $36,225 $27,521
2015 $823 $62,789 $35,681 $27,108
2014 $840 $61,560 $34,983 $26,577
Source: Public Records

Agents Affiliated with this Home

  • Alison MacCracken

    Seller's Agent in 2024

    Alison MacCracken

    Compass

    (310) 481-6262

    1 in this area

    31 Total Sales

    Alison MacCracken
    Section Image

  • E

    Buyer's Agent in 2024

    Emma Puluti

    eXp Realty of California Inc

    Section Image
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Map

Source: The MLS

MLS Number: 24-422387

The MLS

APN: 4238-005-009

California Los Angeles County Venice 90291 Venice

565 Rialto Ave, Venice, CA

Not Listed for Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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