Cindy Ambuehl
Responds Quickly
Christie's International Real Estate SoCal
(747) 294-3863
118 Total Sales
2 in Venice
$3.6M - $7.1M Price Range
1233 Palms Blvd Venice, CA 90291
Venice NeighborhoodEstimated Value: $2,416,144 - $2,744,000
2
Beds
2.5
Baths
1,505
Sq Ft
$1,740/Sq Ft
Est. Value
Highlights
- Art Studio
- Loft
- Home Office
- 0.25 Acre Lot
- No HOA
- Built-In Features
About This Home
As of December 20251233 Palms is a one of a kind magical artist compound and an extraordinary investment opportunity in one of Venice's most sought-after neighborhoods. This nearly 11,000-square-foot lot offers a rare chance to create a signature private estate or explore multi-phase redevelopment in a high-demand Westside market surrounded by newly built multi-million-dollar homes. The property currently consists of three structures. The main residence includes 2 bedrooms, 2.5 bathrooms, a den, and a rooftop observation deck, complemented by Japanese-inspired gardens. The second structure, designed by award-winning AIA architect Steven Ehrlich, provides a dramatic art studio/gallery space with soaring ceilings and abundant natural light. The third structure, also a studio, offers additional flexible square footage. The lot measures approximately 174 feet by 63 feet and is zoned LAR1, with alley access and no existing plans or entitlements, an ideal blank canvas for investors, developers, or end-users seeking to maximize value in a premier location. Large-scale lots of this size and zoning are increasingly scarce in Venice, making this a compelling opportunity to secure a generational asset with significant upside potential.
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Home Details
Home Type
- Single Family
Year Built
- Built in 1921
Lot Details
- 10,896 Sq Ft Lot
- Lot Dimensions are 63x174
- Property is zoned LAR1
Interior Spaces
- 1,505 Sq Ft Home
- 2-Story Property
- Built-In Features
- Living Room
- Dining Area
- Home Office
- Loft
- Art Studio
- Ceramic Tile Flooring
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Studio bedroom
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 2 Parking Spaces
- Carport
- Driveway
Outdoor Features
- Open Patio
- Shed
Utilities
- Central Heating
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 4244-027-006
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 29, 2025
Closed on
Dec 4, 2025
Sold by
Bought by
Seller's Agent
David Lukan
Compass
Buyer's Agent
Elizabeth Sarvas
Christie's International Real Estate SoCal
List Price
$2,800,000
Sold Price
$2,715,000
Premium/Discount to List
-$85,000
-3.04%
Views
226
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$96,214
Avg. Annual Appreciation
-5.93%
Original Mortgage
$2,172,000
Outstanding Balance
$2,156,887
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$461,899
Purchase Details
Closed on
Feb 4, 2019
Sold by
Bought by
Purchase Details
Closed on
Feb 28, 2013
Sold by
Bought by
Purchase Details
Closed on
Aug 22, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
7.21%
Purchase Details
Closed on
Jan 25, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Venice, CA
-
Cindy Ambuehl
-
Michael Khorshidi
Michael Khorshidi
Compass
(424) 336-0183
40 Total Sales
2 in Venice
$3.5M - $4.6M Price Range
-
Josh Stein-Sapir
Josh Stein-Sapir
Keyes Real Estate
(562) 456-3475
136 Total Sales
1 in Venice
$1,383,500 Price
-
Betty Huang
Betty Huang
Latitude 33 Real Estate
(213) 471-7492
20 Total Sales
1 in Venice
$1,938,930 Price
-
Crosby Doe
Crosby Doe
Crosby Doe Associates, Inc.
(424) 541-1360
33 Total Sales
1 in Venice
$5,000,000 Price
-
Janin Paine
Janin Paine
Compass
(424) 567-7575
21 Total Sales
7 in Venice
$1.2M - $2.1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,715,000 | Fidelity National Title | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Stewart Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,172,000 | ||
| Closed | $2,172,000 | ||
| Previous Owner | $835,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $550,000 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $356,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/30/2025 12/30/25 | Sold | $2,715,000 | -3.0% | $1,804 / Sq Ft |
| 10/17/2025 10/17/25 | Pending | -- | -- | -- |
| 09/29/2025 09/29/25 | For Sale | $2,800,000 | -- | $1,860 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,728 | $366,758 | $170,600 | $196,158 |
| 2024 | $4,648 | $359,567 | $167,255 | $192,312 |
| 2023 | $4,566 | $352,518 | $163,976 | $188,542 |
| 2022 | $4,368 | $345,607 | $160,761 | $184,846 |
| 2021 | $4,306 | $338,831 | $157,609 | $181,222 |
| 2019 | $4,183 | $328,783 | $152,935 | $175,848 |
| 2018 | $4,049 | $322,337 | $149,937 | $172,400 |
| 2016 | $3,864 | $309,822 | $144,116 | $165,706 |
| 2015 | $3,809 | $305,169 | $141,952 | $163,217 |
| 2014 | $3,832 | $299,192 | $139,172 | $160,020 |
Source: Public Records
Agents Affiliated with this Home
-
David Lukan
Seller's Agent in 2025
David Lukan
Compass
(213) 700-6515
2 in this area
47 Total Sales
-
Chao Zhu
C
Seller Co-Listing Agent in 2025
Chao Zhu
Compass
(818) 284-7560
2 in this area
21 Total Sales
-
Elizabeth Sarvas
Buyer's Agent in 2025
Elizabeth Sarvas
Christie's International Real Estate SoCal
(602) 321-8683
2 in this area
8 Total Sales
Map
Source: The MLS
MLS Number: 25595143
APN: 4244-027-006
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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