1348 Palms Boulevard, Venice

$2,400,000

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6 Beds
2 Baths
2,252 Sqft
¼ Acre
2 Garages

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.

Essential Information

MLS® #
23323325
Price
$2,400,000
Bedrooms
6
Bathrooms
2.00
Square Footage
2,252
Acres
0.25
Year Built
1947
Type
Residential Income
Status
Active Under Contract

Community Information

Address
1348 Palms Boulevard
Area
C11 - Venice
City
Venice
County
Los Angeles
Zip Code
90291
Senior Community
N

Amenities

Parking
None
# of Garages
2
Garages
None
View
None
Pool
None

Interior

Heating
Wall Furnace
Cooling
None
Stories
One

Exterior

Lot Description
Value In Land

Additional Information

Date Listed
October 19th, 2023
Days on Market
206
Zoning
LAR1

Listing Details

Agent
Derrick Ruiz
Office
eXp Realty of California Inc
Property History
Status Changed from Active to Active Under Contract

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Derrick Ruiz - eXp Realty of California Inc

Based on information from California Regional Multiple Listing Service, Inc. as of May 12th, 2024 at 7:40pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.