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1076 Palms Blvd
Venice, CA 90291
 Architectural Compound & Income Opportunity · Multifamily Property For Sale · 2 Units

Apartment Buildings California Venice 1076 Palms Blvd, Venice, CA 90291

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Investment Highlights

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

Executive Summary

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.

Property Facts

Price Per Unit $2,444,662 CAD Apartment Style Low-Rise
Sale Type Investment Lot Size 0.14 AC
Gross Rent Multiplier 14.5 Building Size 3,537 SF
No. Units 2 No. Stories 1
Property Type Multifamily Year Built/Renovated 1948/2022
Zoning LAR1 - Single-Family Residential (SB9 lot split and development potential; zero parking requirements under SB9
Price Per Unit $2,444,662 CAD
Sale Type Investment
Gross Rent Multiplier 14.5
No. Units 2
Property Type Multifamily
Apartment Style Low-Rise
Lot Size 0.14 AC
Building Size 3,537 SF
No. Stories 1
Year Built/Renovated 1948/2022
Zoning LAR1 - Single-Family Residential (SB9 lot split and development potential; zero parking requirements under SB9

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 $18,291 CAD 2,300
2+3 1 $9,849 CAD 1,200

Property Taxes

Parcel Number 4242-012-020 Improvements Assessment $1,145,833 CAD
Land Assessment $992,215 CAD Total Assessment $2,138,048 CAD

Property Taxes

Parcel Number
4242-012-020
Land Assessment
$992,215 CAD
Improvements Assessment
$1,145,833 CAD
Total Assessment
$2,138,048 CAD
 

  • Listing ID: 41363050

  • Date on Market: 2026-07-20

  • Last Updated:

  • Address: 1076 Palms Blvd, Venice, CA 90291

The Multifamily Property at 1076 Palms Blvd, Venice, CA 90291 is currently available for Sale. Contact Pardee Properties for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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