1385 Palms Blvd

Active

1385 Palms Boulevard, Venice, CA 90291

$5,500,000
$850K (13.4%)
 for Sale at 1385 Palms Boulevard, Venice, CA 90291

67

 for Sale at 1385 Palms Boulevard, Venice, CA 90291
 for Sale at 1385 Palms Boulevard, Venice, CA 90291
 for Sale at 1385 Palms Boulevard, Venice, CA 90291
$5,500,000
$850K (13.4%)
5
Beds
2.5
Baths
1
Half Bath
4,012
Ft²
$1,371
$/ft²
0.19
Acres
Cap Rate
Est. Monthly
Cap Rate
Est. Monthly
$27,006
Incredible value for an iconic architectural masterpiece in the heart of Venice! A perfect blend of sophistication and warmth, this stunning architectural retreat w/ a sparkling pool & guest house is an entertainer's dream! This one-of-a-kind retreat designed by Electric Bowery offers more than 4,000 sqft of elegant living space on a sprawling 8,000+ sqft lot. With a total infusion of modern details and a mid-century flair, this compound is sleek and highly functional for any lifestyle. //About this Home: As you enter through the stately front door, you are met by a huge open living space including a living room with beautiful French oak floors, cedar ceilings, and a quaint atrium of greenery looking to the side of...

LISTING AGENT


Building Info

Overview

This property was built in 2016.

General

  • Year Built

    2016
  • Actual Year Built

    2016
  • Total Rooms

    6.00
  • Bedroom Count

    4
  • Bathroom Count

    5.00
  • Full Bathrooms

    5.00
  • Partial Bathrooms

    0.00
  • Bathroom Fixture Number

    0.00
  • Building Condition

    0
  • Building Quality

    1
  • Construction Type

    wood
  • Building Style

    conventional style
  • Exterior Walls Type

    -
  • Interior Walls Type

    -
  • Roof Shape Type

    hip
  • Roof Cover Type

    composition shingle
  • Floor Count

    1
  • Living Units

    1.00
  • Business/Commerical Units Count

    0.00
  • Floor Cover

    -
  • Basement Type

    -
  • Basement Area

    0.00
  • Garage Type

    -
  • Garage Square Area

    0.00
  • Parking Space Count

    2.00
  • Patio Type

    -
  • Porch Type

    -
  • Pool Type

    pool

Dimensions

  • Lot Size Square Feet

    8,171
  • Lot Size Depth Feet

    1740
  • Lot Size Frontage Feet

    470
  • Total Building Area

    4,012
  • Gross Building Area

    0.00
  • Building Area

    4,012
  • Building Area Source

    L

Heating

  • Fireplace Count

    0.00
  • Air Conditioning Type

    air conditioning
  • Heat Code

    a central heating system
  • Heated Square Feet

    4,012
  • Heating Fuel Type

    -

Codes

  • Sewer System

    -
  • Water Service Type

    -

Building

Building codes and types
  • Building Type

    -
  • Property Class ID

    residential
  • Subdivision

    DURLEY PARK
  • Land Acres

    0.188
  • Standard Land Use Code

    single family residential
  • County Land Use Code

    0101
  • Legal Description 1

    DURLEY PARK NE 47.08 FT OF LOT 74

Neighborhood

Community district, city council district, police precinct, and more.
  • School District Name

    Los Angeles Unified School District
  • Census Tract

    273100

Zoning

The zoning code for this property is LAR1.
  • Zoning

    LAR1

Geography

The property is located in zip code 90291.
  • Parcel

    4244-028-016
  • Block

  • Lot

    74
  • Municipality

    LOS ANGELES
  • Latitude

    34.0035
  • Longitude

    -118.452

Address

  • Full Address

    1385 Palms Blvd
  • Address - House Number

    1385
  • Address - Street Name

    Palms
  • Address - Suffix Type

    Blvd
  • State

    CA
  • City Name

    Venice
  • Carrier Code

    C023
  • 4-Digit Zip Code

    2907
  • Zip Code

    90291

Valuation

The assessed value of this property is $3,886,732.
  • Timestamp

    Dec 28, 2021
  • UCID Flag

    U
  • Total Area

    0.00
  • Standard Deviation

    0

Tax

  • Tax Year

    2021
  • Tax Amount

    $46,047
  • Intital Tax Deliquent Year

    2019
  • Tax Rate Code Area

    0-067

Open Liens

  • Total Open Liens

    1
  • Total Open Liens Amount

    $1,000,000

Market Valuation

  • Market Total Value

    $0
  • Market Land Value

    $0
  • Market Improvement Value

    $0

Appraisal Valuation

  • Valuation Date

    Dec 22, 2021
  • Confidence Score

    69
  • Final Value

    2,512,188
  • High Value

    3,076,444
  • Low Value

    1,947,933

Assessments Valuation

  • Assessed Year

    2021
  • Assessed Total Value

    $3,886,732
  • Assessed Land Value

    $3,216,606
  • Assessed Improvements Value

    $670,126

Exemptions

  • Homeowner Exemption Flag

    T

Sales

  • Current Sale Contract Date

    20161004
  • Current Sale Recording Date

    20161025
  • Current Sale Transaction ID

    1827629642
  • Current Sales Price

    $3,625,000
  • Current Sale Document Type

    Grant Deed
  • Current Sale Input Document Number

    16-1310056
  • Sale Date

    20150417
  • Previous Sale Contract Date

    20150414
  • Previous Sale Type of Sales Price

    Sales Price or Transfer Tax rounded by county prior to computation.
  • Sale Amount

    $1,150,000
  • Previous Sale Document Type

    36

Mortgages

  • First Current Mortgage Loan Amount

    $0
  • First Current Mortgage Terms

    0
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Lender

    BANK OF NEW ZEALAND
  • First Open Lien Mortgage Recording Date

    20211220
  • First Open Lien Mortgage Loan Amount

    $1,000,000
  • First Open Lien Mortgage Term

    360
  • First Open Lien Mortgage Position

    1
  • First Open Lien Mortgage Loan Type

    Commercial
  • Second Open Lien Mortgage Loan Amount

    $0
  • Second Open Lien Mortgage Term

    0
  • Second Open Lien Mortgage Position

    0
  • Third Open Lien Mortgage Loan Amount

    $0
  • Third Open Lien Mortgage Term

    0
  • Third Open Lien Mortgage Position

    0
  • Fourth Open Lien Mortgage Loan Amount

    $0
  • Fourth Open Lien Mortgage Term

    0
  • Fourth Open Lien Mortgage Position

    0

Previous Mortgages

  • Previous Mortgage Loan Amount

    $0
  • Previous Mortgage Term

    0

Building Features

Parking

Covered ParkingDetached GarageOpen Parking

Home Features

Appliances

GrillGas CooktopMicrowaveDouble Ovens

HVAC

Central A/CFurnace

Ownership

Current Owner

Alpe Christopher

Current Owner 2

Alpe Nicola

Previous Owner

1385 Palms Llc

Price History

Date/EventEventPrice
Mar 4, 2023 Price DecreasedPrice Decreased$5,500,000 $850K (13.4%)
Feb 2, 2023 Listed by Pardee PropertiesListed by Pardee Properties$6,350,000
Jan 31, 2023 No longer availableNo longer available-
Dec 2, 2022 Listed by Pardee PropertiesListed by Pardee Properties$6,380,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$144,000
ExpensesPer Year
$0
Operating ProfitPer Year
$144,000
Cap rate
2.62%

Price Estimate

$6,487,000$5,555,000$4,623,000
20232024202520262027
Current Asking Price

$5,500,000

HopScore Market Price

$5,555,000

The current asking price is $55,000 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Active
House
4
5
4,360 ft²
$1,192/ft²
$5,199,000
Active
House
4
2
2,608 ft²
$2,260/ft²
$5,895,000
Active
House
3
4
3,500 ft²
$1,568/ft²
$5,488,000
In Contract
House
7
6.5
4,650 ft²
$978/ft²
$4,550,000
Active
House
2
2
1,440 ft²
$4,094/ft²
$5,895,000

Payment Calculator



Neighborhood

About East of Lincoln

Stats & Trends

The median asking price in East of Lincoln is $1,800,000.
  • Median Asking

    $1,800,000
  • Sale Price/ft²

    $946.50
  • Below Asking

    0.02%
  • Days on Market

    56

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1385 Palms Boulevard in Venice, CA was first built in 2016 and is 7 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 6 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms and unclear on the number of partial bathrooms. 1385 Palms Boulevard has 4,012 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is...

1385 Palms Boulevard, Venice, CA 90291


Frequently Asked Questions

What neighborhood is 1385 Palms Boulevard located in?
The 1385 Palms Boulevard is a located in the neighborhood of East of Lincoln in West Los Angeles, Venice.
How many units are currently for sale in 1385 Palms Boulevard?
1385 Palms Boulevard has a total of 1 units in the building. There are one units for sale right now.
What is the average sales price for units in 1385 Palms Boulevard?
The average sales price for units in 1385 Palms Boulevard is $5,500,000, or $1,371/sqft.
How long on average are units in 1385 Palms Boulevard on the market?
Units in 1385 Palms Boulevard are usually on the market for an average of 58 days with an average asking price of $5,500,000.

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