1385 Palms Blvd
House in East of Lincoln
Active
1385 Palms Boulevard, Venice, CA 90291
67
Map
$5,500,000
$850K (13.4%)
5
Beds
2.5
Baths
1
Half Bath
4,012
Ft²
$1,371
$/ft²
0.19
Acres
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
Tamra (Tami) PardeePardee Properties[email protected]
Building Info
Building
Building codes and typesNeighborhood
Community district, city council district, police precinct, and more.Zoning
The zoning code for this property is LAR1.Geography
The property is located in zip code 90291.Building Features
Parking
Covered ParkingDetached GarageOpen Parking
Home Features
Appliances
GrillGas CooktopMicrowaveDouble Ovens
HVAC
Central A/CFurnace
Ownership
Price History
| Date/Event | Event | Price |
|---|---|---|
| Mar 4, 2023 Price Decreased | Price Decreased | $5,500,000 $850K (13.4%) |
| Feb 2, 2023 Listed by Pardee Properties | Listed by Pardee Properties | $6,350,000 |
| Jan 31, 2023 No longer available | No longer available | - |
Property Analysis
Cap Rate Analysis
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$144,000ExpensesPer Year
$0Operating 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 | Type | Beds | Baths | ft² 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 |
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Neighborhood
About East of Lincoln
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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...
