627 Sunset AVE Venice, CA 90291
Active
$5,199,000
2 Units
8 Beds
10 Baths
5,603 Area(sq.ft.)
5,798 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 5 | No | $ 15,750 | $ 15,750 | $ 15,750 |
| Unit 2 | 1 | 4 | 5 | No | $ 12,750 | $ 12,750 | $ 12,750 |
| 2 | 2 | 8 | 10 | $ 28,500 | $ 28,500 | $ 28,500 |
| MLS #: | SB24242643MR |
| Days On Market: | 19 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 928 |
| Price per unit: | $ 2,599,500 |
| Year Built: | 2020 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 88,400 |
| Net Operating Income: | $ 253,600 |
| Cap Rate: | 4.88% |
Structure
| Community Features: | Sidewalks |
| Security Features: | Gated |
| Style: | Modern |
| Sewer: | Public Sewer |
| View Description: | City Lights, Peek-A-Boo |
| Water: | Public |
Land & Parking
| Zoning: | LARD1.5 |
| Land Lease Type: | Fee |
| Parking Garage: | Garage, On street |
Interior
| Cooking Appliances: | Range |
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Dryer, Dryer Included, Inside, Refrigerator, Washer, Washer Included |
| Heating: | Central |
| Fireplace Rooms: | Gas |
| Laundry: | Dryer, Dryer Included, Inside, Washer, Washer Included |
Exterior
| Pool: | No |
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