1348 Palms Boulevard Venice, CA ^$ 2,400,000

1348 Palms Boulevard

^$ 2,400,000

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1348 Palms Boulevard

Venice, CA, 90291

^$ 2,400,000

Studio Baths0.0 Sq 2,252

Monthly Estimate*

^$ 16,765

1348 Palms Boulevard, Venice, CA 90291 - Image 1

1348 Palms Boulevard, Venice, CA 90291 - Image 2

1348 Palms Boulevard, Venice, CA 90291 - Image 3

1348 Palms Boulevard, Venice, CA 90291 - Image 4

1348 Palms Boulevard, Venice, CA 90291 - Image 5

1348 Palms Boulevard, Venice, CA 90291 - Image 6

1348 Palms Boulevard, Venice, CA 90291 - Image 7

Studio

Multi-Family Home for sale in Venice, CA

for $2,400,000. This 2,252 square foot home was built in 1947 on a lot size of 0.25.

This is a fabulous opportunity to build your custom home in prime east Venice where the lots average over 10,000 square feet. Newer built homes in this popular neighborhood consistently sell over $5M with a high sale in $7.5M in April 2023. The property is located between Glyndon and Walgrove Ave. The property is currently Two Houses on the lot with tenants generating $6,621per month. The sellers have initiated the Ellis Act in order to relocate the tenants. However, the tenants may be amendable to an early voluntary buyout. It will NOT be delivered vacant. The lot measures 174 x 63 and it is zoned LAR1. There is alley access in the rear. Property is subject to L.A. RSO. There are no existing plans or entitlements currently on this property. This property could also be good for a rehab and turning the detached 2 car garage into an ADU. Call agent for more information. Please do not walk on property. Main photo is an AI rendering and not representative of what can be built on the lot.

Multi-Family Contingent

Price

^$ 2,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.25

Year Built

1947

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

0023323325

Features

General

Sewer None Sewer Paid

Heating Wall Furnace

Possession Close of Escrow

Zoning LAR1

Year Built 1947

Tenant Pays Electricity Cable TV Gas

Levels One

County Los Angeles

Net Operating Income 0.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Facing Direction North

Status Active Under Contract

City Venice

Buyer Agent Compensation 2.00

View Y/N No

Senior Community Y/N No

MLS Area C11 - Venice

Lot Size Square Feet 10889.0

Street Name Palms

Additional Parcels Y/N No

Structure Type None

Standard Status Active Under Contract

Buyer Agent Compensation Type %

Exterior

Lot Features Value In Land

Water Source None

Lot Size Area 10889.0

Foundation Details None

Spa No

Pool Y/N? No

Building Area Total 2252.0

Lot Dimensions 63x174

Lot Size Acres 0.25

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Boulevard

Total Baths 0

* Excluded Features

List By

Derrick Ruiz

Listing Agent

Exp Realty Of California Inc

Broker

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$16,765

Per Month

Monthly Principal & Interest: $16,765
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Venice, CA

Average List Price ^$2,992,681

Percent of Sale Price 25%

About Venice, CA

29,124 Population

-6% Since 2002

^$89,009 Median Income

41.51 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/20/2023	$2,400,000		Listed Price

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1348 Palms Boulevard, Venice, CA, 90291 is a Multi-Family Home for sale at $2,400,000 with 2,252 sqft and a lot size of 0.25. 1348 Palms Boulevard is a studio with 0.0 baths and was built in 1947. The property's zip code is 90291 which is in Venice, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1348 Palms Boulevard

Multi-Family Home for sale in Venice, CA

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