1321 Palms Boulevard, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath
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Venice, California 90291
This Venice Development Opportunity is listed at $2,695,000, reflecting the premium value of its massive 10,899 square foot lot. Carrying a Condition Rating of 5, the property is a prime candidate for a complete reimagining or ground-up construction. While the list price sits above the $2,472,553 Fair Market Value, the rare scale, LAR1 zoning, and private deck offer significant long-term upside within the Los Angeles Unified district. Located minutes from Abbot Kinney, this strategic acquisition is ideal for Developers and Owner-Users looking to build a custom architectural masterpiece.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1321 Palms Boulevard Subject | $2,695,000* List Price | 2 | 1 | 1,023 | $2,417 | - |
A 1239 Palms Boulevard Sold | $2,700,000 | 3 | 1 | 1,142 | $2,364 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952 and marketed primarily as a 'development opportunity,' this property shows significant signs of age and deferred maintenance. Exterior images reveal a dilapidated rear patio cover and overgrown grounds, while the absence of interior photos and the listing's emphasis on land value suggest the home requires substantial rehabilitation to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10899, living area = 1023.
The property features a rare 10,899 square foot lot, providing a massive footprint for development or a private estate that is significantly larger than the standard Venice parcel.
Situated in a highly walkable neighborhood, the home is minutes from Abbot Kinney, Whole Foods, Erewhon, and the Venice Farmers Market, offering a premium lifestyle and strong long-term value.
The main residence is modest at just 1,023 square feet with only one full bathroom, which may not meet the needs of buyers looking for a move-in ready family home at this price point.
With a list price of nearly $2.7 million for a 1952-built original structure, the value is heavily weighted in the land, requiring a buyer with significant additional capital for renovation or redevelopment.
Welcome to a Palms Blvd Development-opportunity offering space, flexibility, and future potential in one of the Westside's most dynamic neighborhoods. Set on an expansive 10,899 square foot lot, this property is distinguished by its generous scale, creating the perfect setting for a private retreat surrounded by lush gardens, mature greenery, and tranquil outdoor living. The property features a charming house with two bedrooms and one full bathroom. A detached converted garage - complete with a kitchenette and 1/4 bathroom - adds exceptional versatility, ideal as a creative studio or potential guest suite. The expansive grounds invite endless possibilities, offering the opportunity to design a serene outdoor oasis with shaded lounge areas, curated landscaping, and abundant greenery. Ideally located, enjoy close proximity to Whole Foods & Erewhon, as well as local cafes, restaurants, and the vibrant energy of Venice, including Abbot Kinney and the beloved Venice Farmers Market. Blending this central location near top-rated schools with a strong sense of community, this property is equally suited for comfortable living, creative expansion, or long term investment. Whether you envision a peaceful sanctuary or expansive near-future development, 1321 Palms presents a uniquely compelling canvas in the heart of Venice... welcome Home!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 3.0 | 18% |
| Square foot | 1,023 | 1,755 | 15% |
| Lot Size | 10,899 | 4,251 | 97% |
| Price | $2.69M | $2.41M | 59% |
| Price per sq ft | $2.6K | $1.3K | 98% |
| Built year | 1952 | 1947 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 177 | 1% |
Mar 30, 2026
$2,695,000
Initial Listing