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$3,475,000
5 Beds ⋅ 5 Baths ⋅ 26855707 MLS ⋅ Active Status
Welcome to 1076 Palms Boulevard - a rare and expansive architectural compound in Venice's coveted East of Lincoln neighborhood. Designed and reimagined by acclaimed Venice architectural firm DU Architects, the property features two architecturally significant mid-century inspired structures: a sophisticated single-level, three-bedroom primary residence and a beautifully executed two-story ADU positioned privately at the rear of the lot. The main residence spans approximately 2,300 square feet with three bedrooms and two bathrooms and embodies the principles of true mid-century modern design: clean lines, soaring 12-foot ceilings in the expansive great room, a sunken living room, large custom windows, expansive light and volume, and a seamless indoor-outdoor connection. Thoughtfully conceived as a standalone luxury home, the residence delivers both warmth and functionality without compromise. At the rear of the property, the approximately 1,200-square-foot ADU offers complementary flexibility and income potential. The ADU structure is configured as two separate units: the upper level holds a stunning two-bedroom, two-bath residence with separate living room and kitchen, replete with windows overlooking the entirety of Venice and north to the Santa Monica Mountains. The ground level offers a generous studio (or possible sixth bedroom) with a full bath, a kitchenette, along with a single-car garage. Above, a rooftop deck plumbed for water, gas, and electrical creates the opportunity for an elevated outdoor entertaining space with endless potential and a 360-degree vista to enjoy the horizon of Pacific Ocean sunsets. The property carries a strong and well-documented leasing history, generating approximately $20,000 per month in long-term rental income across the two homes (leasing history available upon request), offering a meaningful opportunity to offset ownership costs in one of the Westside's most competitive markets. Ideally situated walking distance to Venice hotspots Zinque, Superba, The Penmar, the just-opened Bodega & Palms, as well as the vibrant collection of galleries, boutiques, and creative spaces that define the Venice arts culture. The location delivers an unmatched lifestyle rooted in walkability and community. What truly distinguishes the offering is its long-term flexibility and development potential. Under SB9, a future owner may choose to explore the opportunity to subdivide the lot and eliminate parking requirements entirely, creating multiple pathways for use whether as a sophisticated owner-user compound, a multi-generational living arrangement, an investment property with substantial income, or a future development and resale opportunity. A compelling combination of architecture, income, lifestyle, and future optionality - all on a single lot in prime Venice.

1076 Palms Boulevard, Venice
$2,450,000
14 Beds ⋅ 6 Baths ⋅ 26662795 MLS ⋅ Active Status
Situated just blocks from world-famous Abbot Kinney, this 6-unit property is a rare find in one of Los Angeles' most sought-after neighborhoods. The current owners have thoughtfully maintained and upgraded the building over their 10-year tenure, including new exterior paint and facade work, plumbing enhancements, and a new roof installed less than 10 years ago. Three of the six units, located on the ground level, have been fully renovated and are currently leased at strong market rents. The remaining units are leased to reliable, long-term tenants who are low-maintenance and consistently pay rent on time, offering immediate income stability with long-term upside potential. The unit mix includes (2) studios and (4) spacious three-bedroom apartments. The front courtyard has been transformed into a vibrant, gated entry space with lush ficus trees and custom planter boxes, offering a green, welcoming retreat for tenants. Additional highlights include onsite parking, a professionally managed income-producing laundry room, and stylish interiors in the bottom three units featuring updated kitchens, gas ranges, and renovated bathrooms. With projected rent potential exceeding $23,000 when the top units reach market rates, this is a compelling opportunity for investors to secure a well-positioned, income-generating asset in the heart of Venice, just minutes from LAX, the beach, and the city's trendiest dining, shopping, and nightlife.

656 Indiana Avenue, Venice

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.