627 Sunset Avenue, Venice, California 90291, Venice, 90291 - bed, bath

627 Sunset Avenue, Venice, California 90291 home-pic-0
ACTIVE UNDER CONTRACT$4,999,500
627 Sunset Avenue, Venice, California 90291
0Bed
0Bath
5,603Sqft
5,798Lot
Year Built
2020
Close
-
List price
$5M
Original List price
$5.2M
Price/Sqft
$892
HOA
-
Days on market
-
Sold On
-
MLS number
SB24242643
Home ConditionExcellent
Features
Good View: City Lights, Peek-A-Boo
Deck
ViewCity Lights,Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $5.00M(80th), sqft - 5603(60th), beds - undefined(50th), baths - undefined(50th).

Constructed in 2020, this stunning modern-architectural 2-unit townhome offers over 5,600 square feet of luxury living in the heart of Venice. The front unit spans over 2,800 square feet and includes 4 bedrooms, 4.5 baths, and a 4-car garage with a wine closet. Designed with premium materials, this meticulously crafted three-level home features a primary suite with a private deck, lush landscaping, and a fully built-out walk-in closet. The main level offers a chef's kitchen with Miele appliances, a marble waterfall island, a family room with skylights, a wet bar, a gas fireplace, and access to a rooftop deck with sweeping 360-degree views. The back unit mirrors the front with 4 bedrooms, 4.5 baths, and 2,800 square feet. It boasts a sprawling rooftop deck with a cozy seating area and fire pit, plus a sleek kitchen with a large marble waterfall island, vaulted ceilings, and custom designer finishes throughout. Both units are equipped with wide plank hardwood floors, dual-zone Nest climate control, Fleetwood doors, surround sound, and more. With potential for nearly a 5% cap rate, this property is ideal for investors or owners looking to live in one unit while renting the other.

Condition Rating
Excellent

This property was constructed in 2020, making it only 4 years old and virtually new. The listing details and images showcase a modern-architectural design with premium materials, including Miele appliances, marble waterfall islands, wide plank hardwood floors, and dual-zone Nest climate control. Both kitchens and bathrooms are exceptionally well-appointed with contemporary styles, high-end fixtures, and are in pristine condition, reflecting no deferred maintenance and minimal physical depreciation. All components meet current luxury quality standards.
Pros & Cons

Pros

Income Potential & Versatility: This modern 2-unit townhome offers significant income potential with a nearly 5% cap rate, ideal for investors or owner-occupants looking to live in one unit and rent the other.
Modern Luxury & High-End Finishes: Constructed in 2020 with modern-architectural design, the property boasts premium materials, Miele appliances, marble waterfall islands, wide plank hardwood floors, Fleetwood doors, and dual-zone Nest climate control.
Desirable Venice Location: Situated in the heart of Venice, California, a highly sought-after coastal community known for its vibrant lifestyle and strong property values.
Spacious Layout & Premium Amenities: Each unit offers over 2,800 sqft with 4 bedrooms and 4.5 baths, complemented by a 4-car garage, wine closet, wet bar, gas fireplace, and fully built-out walk-in closets.
Rooftop Decks with Views: Both units feature expansive rooftop decks, one offering sweeping 360-degree views and the other a cozy seating area with a fire pit, enhancing outdoor living and entertainment.

Cons

High Price Point: The nearly $5 million list price positions this property in a very exclusive market segment, significantly narrowing the pool of potential buyers.
Price Reduction: The property has undergone a price reduction from its original list price, which could suggest an initial overvaluation or a need to stimulate buyer interest.
Active Under Contract Status: Currently 'Active Under Contract,' the property is not immediately available for new offers, which may deter interested buyers seeking a readily available option.

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