1113 Palms Boulevard, Venice, California 90291, Venice, 90291 - 3 bed, 3 bath
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Venice, California 90291
This Prime Venice Value-Add Asset is a Strong Value Opportunity, listed at $1,750,000—positioned well below the $1,843,547 Fair Market Value by 5%. This valuation gap provides $93,547 in Instant Equity for buyers ready to capitalize on its "incredible upside." While maintaining a Condition Rating of 4, the property offers a rare 5,753 sqft lot with ADU potential and a private patio. Located steps from Abbot Kinney and Rose Avenue, this home is a high-upside acquisition for Value-Add Investors or Owner-Occupants looking to customize a classic residence in a high-demand coastal neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1113 Palms Boulevard Subject | $1,750,000* List Price | 3 | 3 | 1,897 | $972 | - |
A 1032 Nowita Place Sold | $1,580,000 | 2 | 3 | 1,433 | $1,103 | 0.2 mi |
B 613 Mildred Avenue Sold | $1,950,000 | 3 | 3 | 1,978 | $986 | 1.0 mi |
C 1801 Shell Avenue Sold | $2,225,000 | 3 | 2 | 2,646 | $841 | 0.7 mi |
D 2141 Glyndon Avenue Pending | $1,850,000 List Price | 3 | 2 | 1,595 | $1,160 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1924 build that is well-maintained and livable but requires significant modernization. While it features updated vinyl windows and refinished hardwood floors, the kitchen is dated with 1980s/90s-style oak cabinetry, tile countertops with wood trim, and older white appliances. The listing's own description of being 'ready to be reimagined' with 'incredible upside' confirms that while functional, the home's major systems and aesthetic components are at the end of their typical design cycle.
Situated on a wide, tree-lined street near Abbot Kinney, Rose Avenue, and the beach, this property offers an ideal location within one of the most sought-after coastal neighborhoods in Los Angeles.
The rare, generous setback and 5,753 sqft lot provide a private, oasis-like feel with ample space for a pool and a detached shed that offers significant ADU or flex-space potential.
With a functional 3-bedroom layout and 'incredible upside,' this home is a prime candidate for a high-end renovation, allowing a buyer to build immediate equity in a high-demand market.
Built in 1924 and marketed as 'ready to be reimagined,' the property likely requires a substantial investment in modernizing systems, structural elements, and cosmetic finishes.
Being located on Palms Boulevard, a primary thoroughfare, the property may experience higher levels of street noise and traffic compared to more secluded residential side streets.
Located in prime Venice on a wide, tree lined street, this 3-bedroom, 3-bath home sits back from the road with a rare, generous setback, creating a private, oasis-like feel. Large windows throughout frame lush greenery and fill the home with natural light. The home is ready to be reimagined and has incredible upside. A proper entry leads to a dedicated dining room that flows into an expansive living room overlooking the vibrant front yard. The kitchen opens to a patio, ideal for outdoor dining and entertaining. A detached shed offers potential for an ADU or an additional bedroom, flex space. One bedroom with an en-suite bath is located on the main level. Upstairs, a landing connects two spacious bedrooms. The primary suite faces the front yard and features abundant light and an en-suite bath and walk in closet. The second bedroom is also generously sized, with a walk-in closet and a private balcony with views. The front yard offers ample space with room for a pool and presents endless possibilities. Ideally located near the new Bodega & Palms, Beethoven Market, Superba, Abbot Kinney, Penmar Golf Course and Park, and the shops and restaurants along Rose Avenue. This is Venice.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,897 | 1,830 | 52% |
| Lot Size | 5,753 | 4,251 | 78% |
| Price | $1.75M | $2.35M | 20% |
| Price per sq ft | $923 | $1.3K | 9% |
| Built year | 1924 | 1947 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 177 | 1% |
Apr 16, 2026
$1,750,000
Initial Listing