1314 Palms Boulevard
Venice, CA, 90291
$2,450,000
MLS: 26667555
Beds
6
Baths
3
Sq Ft
2,496
Lot
0.25 ac
Year Built
1922
MLS #
26667555
Days on Market
11
Listed
Mar 20, 2026
Description
Outstanding development opportunity in Venice Beach. Nestled in the highly coveted Penmar neighborhood, 1314 & 1316 Palms Blvd present an exciting and rare chance for developers, builders, and visionaries to bring a standout project to life. Set on an expansive 10,895-square-foot lot along a peaceful street, the property features two existing 3 BR structures with two detached garages ready to be reimagined, whether through renovation, redevelopment, or the creation of a stunning private family compound. The generous lot size offers incredible flexibility and promise, perfectly suited for a modern estate or multiple residences, in step with the area's beautifully developed homes. Penmar is celebrated for its warm, welcoming community feel and unbeatable location, just minutes from the beach, popular Venice dining and shopping, Mar Vista, Silicon Beach, Marina del Rey, and the vibrant creative scene of Culver City. With opportunities like this becoming increasingly limited, this is a chance to create something truly exceptional in one of L.A.'s most sought-after coastal neighborhoods. ***CALL FOR OFFERS BY 1pm on MARCH 31st. Seller will review all submitted offers at that time.***
Location
Venice, Los Angeles County, CA 90291
Open on Google Maps ↗Listed by: Tristan Orozco · Compass
Payment estimate
$17,319
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $245,000 · Loan: $2,205,000
- Principal & Interest
- $13,548
- Property tax (1.25%)
- $2,552
- Homeowners insurance
- $300
- Mortgage insurance
- $919
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Venice home with as little as 3.5% down using an FHA loan — roughly $85,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Venice, CA 90291 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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