See Home Value
$4,722,963*
House - Off Market

701 PALMS BLVD

VENICE, CA 90291
bedrooms
4 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2657 Sqft
$3,956,000 - $4,834,000
Reference Base Price*
7.46%
Since Feb 1, 2023
CA-Los Angeles
Primary Model
Sold Mar 07, 2002
$40,000
$1,690,000 by Mufg Union Bank Na
Mortgage Due Apr 01, 2052

About This Property

ICONIC ARCHITECTURAL COMPOUND ON A SPRAWLING 5,851 sqft CORNER LOT ON ONE OF THE BEST STREETS IN VENICE! Welcome to the "Bridge House" designed by Charles Ward which offers immense opportunity in one of Venice's most desired locations, just off Abbot Kinney! This architectural duplex (formerly owned by Jay Griffith) has been brilliantly executed and completely reimagined. Endless options here - it is the perfect home w/ a second unit for your compound or to host guests, live in one unit and rent the other for passive income, or utilize the entire property as an investment property and enjoy all of the upside potential! //About this home: Designed and curated to foster creativity, celebrate and integrate indoor/outdoor living, and embrace the flow of natural light. As you enter this natural sanctuary you will be greeted by the bamboo landscape and meadow gardens throughout the property. The original home's mid-century exterior has been preserved and seamlessly integrated with the modern design. The guest unit offers an attached 1 Bedroom/1 Bathroom separate area skirted by an ample deck and a smaller bamboo garden. Usable either as an office, bedroom, guest retreat, or legal rental unit, it is encompassed by warm tones, plaster walls, sliding glass partitions, a polished concrete bathroom and kitchen area, a fireplace, and a custom-made bed by the seller himself - a prolific Internationally known artist. The magic continues through the walkway oasis to the famed Bridge House. As you enter you will be taken in by the original, exposed, cathedral ceiling, an abundance of natural light, and the windows and doors that surround it and look out into the landscape's lush greenery. With a spacious gourmet kitchen that blends into the main living area, this great room is set up perfectly to provide comfort for your guests, friends, and family. It offers a creative haven for reflection, work, or dancing to your favorite rhythms. As you ascend the stairs you first encounter the 'tatami nook' - a dedicated landing space perfect for meditating, reading, relaxing by day, or well into the night. A few steps up and the hallway unfolds with ample space for hanging art. Proceeding you'll find three, bedroom towers, each creatively designed with lofts above the space for multi-purpose use as a sleeping sanctuary, office, and/or play space. Each of the first two bedrooms also has its designated balcony area perfect for reading and sunbathing. The primary bedroom boasts a clerestory window perfect for viewing the sunset; and at night, when the tide is high, you can often hear the surf from its sleeping loft. The entire compound is surrounded by bamboo that rustles in the winds and creates a show of light, shadow, and color throughout the house. The 40' pavilion created by the bridge to preserve outdoor space, looks out at a beautifully landscaped garden of berms, stone, grasslands, and a water feature, creating layers of privacy and sanctuary, and a cooling oasis to dine or relax. The Palms & Shell house is at once elegant and warm, private and accessible, and by design preserves the architectural history of Venice while heralding its future. This rare gem is not to be missed - everything you need is here.

The manager has listed the unit size as 2657 square feet.
Unit Size
2,657Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$1,654
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950

Price History

Date / Event Date Event Price
Jan 14, 2023 No longer available -
No longer available
Nov 11, 2022 Listed $4,395,000
Listed
INCREDIBLE OPPORTUNITY ON A SPRAWLING 5,851 sqft CORNER LOT ON ONE OF THE BEST STREETS IN VENICE! Welcome to the "Bridge House" designed by Charles Ward just off Abbot Kinney! This architectural duplex (formerly owned by Jay Griffith) has been brilliantly executed and completely reimagined. Endless options here - it is the perfect home w/ a second unit for your compound or to host guests, live in one unit and rent the other for passive income, or utilize the entire property as an…
Oct 29, 2022 Listed $4,395,000
Listed
Oct 15, 2022 No longer available -
No longer available
Sep 3, 2022 Relisted $4,950,000
Relisted
Show More

Property Highlights

Parking Available
Garage
With View

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Duplex
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,851
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 430
  • Total Building Area: 2,657
  • Gross Building Area: 2,657
  • Building Area: 2,657
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,657
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VENICE PARK TRACT
  • Land Acres: 0.134
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: VENICE PARK TRACT LOT/SEC 1 BLK/DIV/TWN 5

Ownership

  • Current Owner : GLASSMAN STEPHEN
  • Previous Owner : DANIELS WILLIAM A
  • Previous Owner 2: DANIELS MARGARET E
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273600

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 49-C4
  • Parcel: 4241-011-001
  • Block: 5
  • Lot: 1
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9923
  • Longitude: -118.463

    Address

  • Full Address: 701 Palms Blvd
  • Address - House Number: 701
  • Address - Street Name: Palms
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Venice
  • Carrier Code: C007
  • 4-Digit Zip Code: 3848
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,901
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0676
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 96
  • Final Value: 4,194,353
  • High Value: 4,478,247
  • Low Value: 3,910,459

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,790,000
  • First Open Lien Mortgage Lender: MUFG UNION BANK NA
  • First Open Lien Mortgage Recording Date: Mar 31, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,690,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052
  • Second Open Lien Mortgage Lender: ROLYLO LLC
  • Second Open Lien Mortgage Recording Date: Aug 28, 2019
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $837,504
  • Assessed Land Value: $514,170
  • Assessed Improvements Value: $323,334

    Sales

  • Current Sale Contract Date: Feb 19, 2002
  • Current Sale Recording Date: Mar 07, 2002
  • Current Sale Transaction ID: 1030689675
  • Current Sale Price: $40,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 02-0544363



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,710 ft²
$2,325/ft²
$3,975,000 Sep 23, 2022
-
-
House
4 Beds
5 Baths
3,771 ft²
$1,392/ft²
$5,250,000 Jan 11, 2023
-
-
House
4 Beds
4.5 Baths
3,965 ft²
$1,008/ft²
$3,995,000 Jun 24, 2022
-
-
House
5 Beds
4.5 Baths
3,000 ft²
$1,183/ft²
$3,549,000 Dec 2, 2022
-
-
House
4 Beds
5 Baths
4,653 ft²
$1,031/ft²
$4,795,000 Jul 15, 2022
-
-
House
3 Beds
2 Baths
1,580 ft²
$2,348/ft²
$3,710,000 Nov 30, 2022
-
-
Multifamily
8 Beds
-
-
$3,650,000 Sep 17, 2022
-
-
Multifamily
9 Beds
-
-
$4,395,000 Dec 21, 2022
-
-
Multifamily
Stu
-
-
$3,595,000 Nov 2, 2022
-
-

About West Los Angeles


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Nearby Rentals

Unit for rent at

$10,085 /mo

  • 3 Beds
  • 3.5 Baths
Listing by Manager


Frequently Asked Questions

When was property at 701 Palms Boulevard built and last sold?
The property at 701 Palms Boulevard was built in 1950 and last sold on Feb 19, 2002 for $40,000.
How much is this home worth?
The estimated value of the home located at 701 Palms Boulevard is $4,363,604.
What are some comparable homes to 701 Palms Boulevard?
Homes that are comparable to 701 Palms Boulevard include a house property at 718 Hampton Drive, 450 Sherman Canal Walk, 2624 Naples Avenue.

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