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Venice, CA 90291 1348 Palms Boulevard

$2,400,000

1348 Palms Boulevard Venice, Ca - Image 11348 Palms Boulevard Venice, Ca - Image 21348 Palms Boulevard Venice, Ca - Image 3
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1348 Palms Boulevard Venice, Ca - Image 41348 Palms Boulevard Venice, Ca - Image 51348 Palms Boulevard Venice, Ca - Image 6
Presented By: Derrick Ruiz with eXp Realty of California Inc;
  • MLS# 23323325
  • 10/19/2023
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  • BedBeds • 6
  • BathBaths • 2
  • FootageSQFT • 2,252
  • GarageGarage • 2

Home Details

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.
Presented By: Derrick Ruiz with eXp Realty of California Inc;

Interior Features for 1348 Palms Boulevard

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths2

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixBoulevard
Total Stories

General for 1348 Palms Boulevard

Additional Parcels Y/NNo
Attached Garage No
Buyer FinancingCash
Carport Y/NNo
CityVenice
CoolingNone
CountyLos Angeles
Days on Market64
DirectionsLocated midway between Walgrove and Glyndon Ave
DisclosuresRentControl
Facing DirectionNorth
Garage Spaces2.0
Garage Y/NYes
Gross Income79452.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash
Lot Size Square Feet10889.0
MLS AreaC11 - Venice
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Occupancy DescriptionTenant
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Street NamePalms
Tenant PaysCableTV, Electricity, Gas
Total Units2
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1947
ZoningLAR1

Exterior for 1348 Palms Boulevard

Building Area Total2252.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions63x174
Lot FeaturesValueInLand
Lot Size Acres0.25
Lot Size Area10889.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,400,000
MLS#23323325
List Date 10/19/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors