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 and the studio, 5 bedrooms, 4.5 bathrooms, and a documented long-term rental history of approximately $20,000 per month ($10,000 per home). The 2,200-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 800-square-foot ADU is configured as two separate spaces: an upper-level two-bedroom, two-bath apartment with sweeping views across Venice to the Santa Monica Mountains, plus an approximately 500-square-foot ground-floor permitted bonus room with its own separate amenities. An attached one-car garage is accessible from the studio or an exterior pedestrian door. Atop the ADU you'll find the rooftop deck which is plumbed for water, gas, and electricity, and 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.