1076 Palms Blvd - Apartments FOR SALE


Venice, CA 90291
$3,475,000 USD
310-907-6517
1076 Palms Blvd, Venice, CA for Sale
$3,475,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

1076 Palms Blvd
Venice, CA 90291


HIGHLIGHTS

  • Designed by DU Architects, featuring a ~2,300 SF main residence and a ~1,200 SF detached 2-story ADU.
  • Proven track record generating approx. $20,000/month in long-term rental income across both homes.
  • Opportunity to explore lot subdivision and eliminate parking requirements under SB9.

OVERVIEW

Welcome to 1076 Palms Boulevard—a rare architectural compound in Venice's coveted East of Lincoln neighborhood. Designed and reimagined by acclaimed firm DU Architects, this property features two distinct, mid-century inspired structures on a single lot: 1. Main Residence: A light-filled 3-bedroom, 2-bathroom single-level home (~2,300 sq ft) featuring soaring 12-foot ceilings, a sunken living room, custom windows, and seamless indoor-outdoor flow. 2. Detached 2-Story ADU: Spanning ~1,200 sq ft, configured as an upper 2 BD / 2 BA unit with sweeping neighborhood views, and a ground-floor studio/art space with a full bath, kitchenette, and 1-car garage. Topped off with a private rooftop deck plumbed for gas/water/electric with 360-degree vistas. INCOME & DEVELOPMENT POTENTIAL: • Strong Leasing History: Generates approx. $20,000/month in long-term rental income across both structures. • Future Optionality: Under SB9, potential exists to subdivide the lot and eliminate parking requirements, opening pathways for owner-users, multi-generational living, investment income, or future development/resale. Prime location walking distance to Venice hotspots (Zinque, Superba, The Penmar, Bodega & Palms) and local galleries/boutiques.

FOR SALE DETAILS

PRICE

$3,475,000 USD

PRICE/SF

$982 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,737,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Architectural Compound & Income Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR1

APN/PARCEL ID

4242-012-020

ASK ABOUT THIS PROPERTY

Tami PardeePardee PropertiesMore Info
310-907-6517

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Tami PardeePardee PropertiesMore Info
310-907-6517

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.