Rare land and development opportunity in the heart of Venice's highly coveted Penmar neighborhood. Set on an expansive 10,898-square-foot parcel, 1365 and 1365 1/2 Palms represent a unique opportunity for developers, investors, and end-users to unlock its full potential. The site is currently improved with a 3 bedroom/2 bath front house and a separate 2 bedroom/2 bathroom permitted residence over the detached garage. Each dwelling unit has private washer/dryer and HVAC. Whether envisioned as a custom estate, a family compound, or a thoughtfully designed residential development, the property's scale and location make it an exceptional offering. The Penmar enclave delivers close proximity to the beach, Marina del Rey, Culver City, Silicon Beach, and the renowned restaurants, cafes, and boutiques that define the Venice lifestyle. Broker, Broker's agent(s), and seller do not guarantee accuracy of square footage, lot size, zoning, rent control, permits, use code, schools, and/or other information concerning the conditions, features or potential development of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspections and with appropriate professionals.