Arcadian townhomes seeking Venetians

The 4 remaining units in the new “Venetian Villas” townhouse development on Second Ave. saw price drops this past weekend. Thick on the Italian theme, this complex sets itself apart with its earthy rusticness (think warm ochre with dark brown accents) and also its gated, sprawling layout (property stretches from 2nd Ave to 3rd Ave). Situated smack dab in the teeming townhouse community of east Arcadia, it’s walking distance to the High School and minutes away from both the buzzing Asian commerce off Baldwin Ave. and “Restaurant Row” on Huntington Drive. Attractive qualities that have yet to sway buyers, though the open house opportunities bring no shortage of interest. Still firmly in the high end of the townhouse market, will these price drops make the difference?

598 2ND AVE #B
Old price: $885,000
Reduced to: $879,950 (0.6% reduction)
Beds: 3 / Baths: 3.5
SQ.FT.: 2,195
$/SQ.FT.: $401
MLS#: A07063929

600 2ND AVE #B
Old price: $849,950
Reduced to: $799,950 (5.9% reduction)
Beds: 3 / Baths: 2.5
SQ.FT.: 2,082
$/SQ.FT.: $384
MLS#: A07068236

606 2ND AVE #A
Old price: $839,950
Reduced to: $799,950 (5.9% reduction)
Beds: 3 / Baths: 2.5
SQ.FT.: 2,082
$/SQ.FT.: $384
MLS#: A07087542

601 3RD ST #B
Old price: $849,950
Reduced to: $839,950 (1.2% reduction)
Beds: 3 / Baths: 2.5
SQ.FT.: 2,013
$/SQ.FT.: $417
MLS#: A07102852

Recent sold properties in the vicinity with comparable square footage:

412 S 3RD AVE UNIT A SQ.FT.: 2,245
SOLD AT: $435,000

28 FANO ST UNIT D SQ.FT.: 2,197
SOLD AT: $710,000

225 CALIFORNIA ST #B SQ.FT.: 2,180
LAST SALE: $585,000