$3,475,000
Welcome to 1076 Palms Boulevard - a rare East of Lincoln Venice compound with a major advantage: an expansive and light-filled beautifully designed Mid-Century-inspired primary residence coupled with a rear ADU structure with meaningful income potential. Together, the property offers approximately 3,537 square feet, 5 bedrooms, 5 bathrooms, multiple living spaces, and a documented long-term leasing history of approximately $20,000/month across the homes ($10,000 each), offering a powerful way to offset ownership costs in one of the Westside's most desirable markets. Designed and reimagined by acclaimed Venice architectural firm DU Architects, the property features two architecturally significant mid-century inspired structures. 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 with its leasing history available upon request). Ideally situated walking distance to Venice hottest destinations: Zinque, Superba, The Penmar, the just-opened Bodega & Palms, Barry's Bootcamp, Teddy's Hot House, as well as the vibrant and eclectic collection of galleries, boutiques, and creative spaces that define the Venice arts culture. The location delivers an unmatched lifestyle rooted in walkability and community. A compelling combination of architecture, income, lifestyle, and future optionality - all on a single lot in prime Venice.
5
Beds
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5
Baths
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26855707
MLS
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Active
Status
1076 Palms Boulevard, Venice