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Architectural Compound & Income Opportunity 1076 Palms Blvd 2 Unit Apartment Building $3,295,000 ($1,647,500/Unit) Venice, CA 90291

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.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,295,000 Apartment Style Low-Rise
Price Per Unit $1,647,500 Building Class C
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
Property Subtype Apartment
Zoning LAR1 - Single-Family Residential (SB9 lot split and development potential; zero parking requirements under SB9
Price $3,295,000
Price Per Unit $1,647,500
Sale Type Investment
Gross Rent Multiplier 14.5
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
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 $13,000 2,300
2+3 1 $7,000 1,200
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Source: Local Logic®

Property Taxes

Parcel Number 4242-012-020 Total Assessment $1,519,579
Land Assessment $705,199 Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $814,380 Tax Year 2025

Property Taxes

Parcel Number
4242-012-020
Land Assessment
$705,199
Improvements Assessment
$814,380
Total Assessment
$1,519,579
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
(310) 907-6517

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 41363050

  • Date on Market: 7/20/2026

  • 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

NEW NEARBY MULTIFAMILY LISTINGS

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Architectural Compound & Income Opportunity | 1076 Palms Blvd

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