1620 Electric Avenue, Venice, California 90291, Venice, 90291 - 5 bed, 6 bath
ACTIVE$5,299,000
1620 Electric Avenue, Venice, California 90291
5Beds
6Baths
3,790Sqft
3,892Lot
Price Vs. Estimate
The estimated value ($5,354,316.68) is $55,316.68 (1%) lower than the list price ($5,299,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Situated in prime Venice, the property offers exceptional walkability and proximity to the highly sought-after Abbot Kinney Boulevard, enhancing its desirability and potential for appreciation.
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 = 3892, living area = 3790.
Compared to the nearby listings
Price:$5.30M vs avg $2.29M (+$3,008,000)97%
Size:3,790 sqft vs avg 1,832 sqft93%
Price/sqft:$1.4K vs avg $1.3K65%
More Insights
Built in 2019 (6 years old).
Condition: This property, built in 2019, is a prime example of newer construction with impeccable contemporary style and quality. The gourmet chef's kitchen features a stunning marble waterfall island, custom cabinetry, and high-end appliances, all in pristine condition. Bathrooms showcase modern fixtures and finishes. Wide plank oak floors, recessed lighting, and integrated HVAC systems throughout underscore the property's virtually new state, meeting current quality standards with no deferred maintenance.
Year Built
2019
Close
-
List price
$5.3M
Original List price
$5.3M
Price/Sqft
$1,398
HOA
-
Days on market
-
Sold On
-
MLS number
25617413
Home ConditionExcellent
Features
Pool
Patio
View-
About this home
Stunning newer construction Contemporary in prime Venice, steps to Abbot Kinney. This 5 bedroom, 6 bath home exudes impeccable style and quality. The lower level features a state of art theater with 110 inch screen, 500+ bottle wine cellar and game room. The main level presents an open floor plan with wide plank oak floors, gourmet chefs kitchen with beautiful large waterfall island, marble countertops, custom cabinetry, and telescoping glass doors that open to the yard and sparkling pool. 5 bedrooms and bathrooms are on the upper levels. Private yard, perfect for entertaining.
Price History
Date
Event
Price
02/18/00
Sold
$310,000
04/29/96
Sold
$183,000
11/07/95
Sold
$147,500
11/19/13
Sold
$1,400,014
09/05/03
Sold
$650,000
Condition Rating
Excellent
This property, built in 2019, is a prime example of newer construction with impeccable contemporary style and quality. The gourmet chef's kitchen features a stunning marble waterfall island, custom cabinetry, and high-end appliances, all in pristine condition. Bathrooms showcase modern fixtures and finishes. Wide plank oak floors, recessed lighting, and integrated HVAC systems throughout underscore the property's virtually new state, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Prime Location: Situated in prime Venice, the property offers exceptional walkability and proximity to the highly sought-after Abbot Kinney Boulevard, enhancing its desirability and potential for appreciation.
Newer Construction & Modern Design: Built in 2019, this contemporary home boasts impeccable style, quality construction, and modern amenities, appealing to buyers seeking a move-in ready, up-to-date residence.
Luxury Entertainment Amenities: The lower level features a state-of-the-art theater with a 110-inch screen, a 500+ bottle wine cellar, and a game room, providing unparalleled entertainment options within the home.
Gourmet Chef's Kitchen: The property includes a gourmet chef's kitchen equipped with a large waterfall island, marble countertops, and custom cabinetry, ideal for culinary enthusiasts and entertaining.
Seamless Indoor-Outdoor Living: Telescoping glass doors connect the main living area to a private yard with a sparkling pool, creating an ideal environment for indoor-outdoor living and entertaining.
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 = 3892, living area = 3790.
Lack of Scenic Views: The property explicitly states 'view: None', which can be a significant drawback for a luxury home in a coastal area where ocean or city views are often highly valued.
Relatively Small Lot Size: With a lot size of 3,892 sqft, the property offers limited outdoor space for a 5-bedroom, 6-bathroom luxury residence, which may not appeal to buyers seeking expansive grounds.
High Price Point: The list price of $5.299 million positions this property in a very exclusive luxury segment, potentially narrowing the pool of prospective buyers and influencing market duration.