Welcome to 1076 Palms Boulevard, a rare Venice compound in the highly-sought-after East of Lincoln neighborhood combining exceptional architecture with substantial income potential. Designed and reimagined by acclaimed Venice firm DU Architects, the property includes a beautifully designed Mid-Century-inspired primary residence and a versatile rear ADU, offering approximately 3,537 square feet across the two homes, 5 bedrooms, 5 bathrooms, and a documented long-term rental history of approximately $20,000 per month ($10,000 per home).The approximately 2,300-square-foot main residence features three bedrooms, two bathrooms, soaring 12-foot ceilings, a dramatic sunken living room, expansive custom windows, and seamless indoor-outdoor living. Clean lines, abundant natural light, and timeless Mid-Century design create a home that is both sophisticated and inviting. At the rear, the approximately 1,200-square-foot ADU is configured as two separate spaces: an upper-level two-bedroom, two-bath home with sweeping views across Venice to the Santa Monica Mountains, and a spacious ground-floor bonus room with bath, kitchenette, and an attached one-car garage. Above, a rooftop deck plumbed for water, gas, and electricity offers spectacular 360-degree views and endless entertaining potential. Just moments from Zinque, Superba, The Penmar, Bodega & Palms, Barry’s Bootcamp, Teddy’s Hot House, and Venice’s renowned galleries, boutiques, and cafes, the property offers an exceptional walkable lifestyle. A rare opportunity to own a design-forward compound that seamlessly blends luxury living, proven income, and long-term flexibility in one of Venice’s most sought-after neighborhoods.