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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.***
Listing agent: Tristan Orozco DRE #02224466 tristan.orozco@gmail.com, Listing office: Compass
MLS data updated 10/26/2026, 1:08:08 AM PT
Source: CRMLS, MLS #: 26667555
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jun 1, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,450,000Closed sale · Jun 1, 2026ZIP 90291 · Jun 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.