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1201 Cabrillo Avenue, Venice, California 90291, Venice, 90291 - 3 bed, 3 bath

1201 Cabrillo Avenue, Venice, California 90291 home-pic-0
ACTIVE$3,995,000
1201 Cabrillo Avenue, Venice, California 90291
3Beds
3Baths
2,200Sqft
2,550Lot

Price Vs. Estimate

The estimated value ($3,311,839.48) is $683,160.52 (17%) lower than the list price ($3,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Architectural Pedigree & Design: Featured in Architectural Digest and designed by renowned professionals (David Hertz, Martha Mulholland, Jack Price Design), this property boasts a bold, modern, and minimalist aesthetic with refined details and finishes.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2550, living area = 2200.

Compared to the nearby listings

Price:$4.00M vs avg $2.29M (+$1,704,000)91%
Size:2,200 sqft vs avg 1,832 sqft64%
Price/sqft:$1.8K vs avg $1.3K90%

More Insights

Built in 2008 (17 years old).
Condition: Built in 2008, this property, featured in Architectural Digest, showcases bold, minimalist design and refined finishes. It boasts a custom Bulthaup kitchen, an exquisite master suite with a glass-panel steam shower and freestanding soaking tub, and a luxurious rooftop deck with a kitchen and hot tub. The floating steel-and-walnut staircase, modern light fixtures, and pristine wood and polished concrete flooring throughout indicate a property maintained to the highest standards, presenting as virtually new with no deferred maintenance.
Year Built
2008
Close
-
List price
$4M
Original List price
$4.29M
Price/Sqft
$1,816
HOA
-
Days on market
-
Sold On
-
MLS number
25583221
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
Deck
Spa
ViewCity Lights,Mountain(s)

About this home

Featured in Architectural Digest, experience the bold design of this modern compound moments from the epicenter of Abbot Kinney. Minimalist architecture defines this home with an open living plan and a custom Bulthaup kitchen. Walls of glass merge the indoors and out, taking full advantage of the sun & sea breezes. A floating steel-and-walnut stair beckons you to an expansive rooftop deck - complete with fireplace, kitchen, hot tub and lounge areas. Exquisite master suite is simple and elegant, with custom his & hers closets, a glass-panel steam shower and a freestanding soaking tub with lush views of the landscape and ocean sky. A terrarium courtyard splits the two distinct structures on the property, with an overhead bridge joining the buildings. High ceilings, abundant natural light, refined in detail and finish, this dynamic environment offers complete privacy in the heart of Venice. Interior design Martha Mulholland. Landscape Jack Price Design. Original architect David Hertz, S.E.A.

Price History

Date
Event
Price
06/17/16
Sold
$3,000,000
06/30/05
Sold
$950,000
Condition Rating
Excellent
Built in 2008, this property, featured in Architectural Digest, showcases bold, minimalist design and refined finishes. It boasts a custom Bulthaup kitchen, an exquisite master suite with a glass-panel steam shower and freestanding soaking tub, and a luxurious rooftop deck with a kitchen and hot tub. The floating steel-and-walnut staircase, modern light fixtures, and pristine wood and polished concrete flooring throughout indicate a property maintained to the highest standards, presenting as virtually new with no deferred maintenance.
Pros & Cons

Pros

Architectural Pedigree & Design: Featured in Architectural Digest and designed by renowned professionals (David Hertz, Martha Mulholland, Jack Price Design), this property boasts a bold, modern, and minimalist aesthetic with refined details and finishes.
Luxurious Rooftop Deck: An expansive rooftop deck complete with a fireplace, kitchen, hot tub, and lounge areas offers exceptional outdoor living and entertaining space with potential for city lights and ocean sky views.
High-End Interior Finishes & Amenities: The home features a custom Bulthaup kitchen, an exquisite master suite with a glass-panel steam shower and freestanding soaking tub, and custom closets, reflecting a commitment to luxury.
Exceptional Privacy & Unique Layout: The property offers complete privacy in the heart of Venice, enhanced by a unique terrarium courtyard splitting two distinct structures joined by an overhead bridge.
Prime Abbot Kinney Adjacent Location: Situated moments from the epicenter of Abbot Kinney, the property benefits from a highly desirable and vibrant Venice location, offering excellent walkability to amenities.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2550, living area = 2200.
Perceived Overpricing: The current list price of $3.995M is 15% above the property's estimated value and has already undergone two price reductions, suggesting potential market resistance to the current valuation.
Limited Lot Size & Square Footage for Price Point: With 2200 sqft on a 2550 sqft lot, the property offers a relatively compact footprint for its luxury price tag, especially when compared to some larger, similarly priced or lower-priced canal-front comparables.
Lack of Direct Water Frontage: Unlike several high-value comparative properties in the Venice area, this home is not directly on a canal, which can be a significant draw and value driver for buyers seeking direct water access and ambiance.

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