
Venice, California 90291
This Architectural Venice Compound is a Strong Value Opportunity, listed at $3,195,000—positioned well below the $3,438,579 Fair Market Value by 7%. This valuation gap offers $243,579 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this property includes a primary residence and a two-level ADU, highlighted by a Private Rooftop Deck with 360-degree views. This versatile asset is an ideal acquisition for Buy-and-Hold Investors seeking rental income or Owner-Occupants desiring a sophisticated, multi-generational living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1076 Palms Boulevard Subject 5 bd · 5 ba · 3,537 sqft · $903 | $2,995,000* List Price | 5 | 5 | 3,537 | $903 | - |
A 1016 Palms Boulevard Sold 4 bd · 5 ba · 3,655 sqft · $903 · 0.1 mi | $3,300,000 | 4 | 5 | 3,655 | $903 | 0.1 mi |
B 2324 Boone Avenue Sold 4 bd · 4 ba · 3,911 sqft · $965 · 0.8 mi | $3,775,000 | 4 | 4 | 3,911 | $965 | 0.8 mi |
C 2013 Louella Avenue Active Under Contract 4 bd · 5 ba · 3,175 sqft · $1,086 · 0.3 mi | $3,449,000 List Price | 4 | 5 | 3,175 | $1,086 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is an architecturally reimagined compound in mint condition. It features modern systems, including a fully plumbed rooftop deck, contemporary bathrooms with high-end finishes, and updated interiors with clean architectural lines and hardwood flooring, indicating a recent high-quality renovation.
The property features a primary residence plus a substantial two-level ADU and bonus space, offering exceptional flexibility for rental income, multi-generational living, or a creative home office.
Reimagined by DU Architects, the home boasts 12-foot ceilings, a dramatic sunken living room, and sophisticated Mid-Century modern aesthetics that maximize natural light and spatial volume.
A private, fully plumbed rooftop deck provides 360-degree views of the Santa Monica Mountains and Venice skyline, creating a premier outdoor space for entertaining and dining.
The property includes only a one-car garage, which is relatively restrictive for a five-bedroom compound and may necessitate reliance on street parking for guests or additional residents.
Situated in the East of Lincoln neighborhood, the property lacks the immediate beach proximity of other Venice pockets while commanding a premium price point typical of coastal luxury homes.
Unbelievable value for this rare Venice architectural compound. Set on an expansive lot in the highly sought-after East of Lincoln neighborhood, this distinctive property was designed and reimagined by acclaimed Venice firm DU Architects and encompasses approximately 3,500 square feet across a sophisticated 3-bedroom primary residence and a versatile two-level rear ADU. The result is a rare opportunity to own a true two-home property that can accommodate elevated primary living, guests, extended family, creative space, or substantial rental income. The approximately 2,200-square-foot main residence is a striking Mid-Century-inspired home defined by clean architectural lines, abundant natural light, and a seamless connection to the outdoors. The chef's kitchen features Boffi cabinetry, Miele and Viking appliances, and a stunning 18' stainless steel island. Soaring 12-foot ceilings, expansive custom windows, and a dramatic sunken living room create an exceptional sense of volume and light, while the three-bedroom, two-bath layout offers the comfort and privacy of a refined standalone residence. Behind the main house, the approximately 1,300-square-foot second structure provides an entirely separate living experience. The upper level is a beautifully appointed two-bedroom, two-bath residence with sweeping views extending across Venice to the Santa Monica Mountains. Below, a separate approximately 500-square-foot permitted bonus space offers additional flexibility with its own amenities and access. An attached one-car garage is accessible from the lower level or via a separate exterior pedestrian entrance. Above it all, a private rooftop deck captures spectacular 360-degree views and is fully plumbed for water, gas, and electricity creating an extraordinary setting for entertaining, dining, or simply taking in the Venice skyline and ocean breeze. Whether utilized as a primary residence with a substantial income-producing component, a multigenerational compound, a guest residence, or a combination of uses. Located walking-distance to Zinque, Superba, Barry's Bootcamp, The Penmar, Bodega & Palms, and the galleries, boutiques, restaurants, and cafes that define Venice. 1076 Palms is a Venice compound designed for the way people want to live now and the flexibility to evolve for whatever comes next.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.4 |
| Square foot | 3,537 | 1,674.03 |
| Lot Size | 6,064 | 4,310.258 |
| Price | $3.00M | $2.32M |
| Price per sq ft | $847 | $1.4K |
| Built year | 1948 | 1944 |
| HOA | $0 | $401 |
| Days on market | 45 | 61 |
Oct 9, 2026
$2,995,000
$3,195,000
-6% Price Drop
Initial Listing
Sep 9, 2026
$3,195,000
Initial Listing
Jan 16, 2004
$620,000
Public Record