1076 Palms Blvd, Venice, CA 90291

Property Description

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.