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    Renovated Playa del Rey Commercial Building Title is generated by Realmo AI

    179 Culver -181, Playa del Rey, CA 90293

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    Claim this Listing
    Pending
    $2,600,000

    Commercial Sale - Playa del Rey, CA

    Property size:
    3,350 SF
    Added:
    Oct 25, 2025
    Days on Market:
    204
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 179 Culver -181

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    LAC4
    Interior features
    Living Quarters
    Standard status
    Pending
    APN
    4116007053
    Size
    3,350 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1911
    Architectural style
    Other

    We can help!

    Listing Contact
    John Ban

    Listing agent John Ban License #01441445

    Listing office Hampton Realty & Investment 706 W Duarte Road, San Gabriel, CA

    Listing date Oct 25, 2025

    MLS# SR25245654 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated (2023) stand‑alone building offering flexible live/work or investment opportunity in Playa Del Rey.
    • Prime location: Steps from the beach and close to Venice, Marina del Rey, and LAX.
    • Ground floor: Open floor plan with 14’ ceilings, new kitchen, updated restroom with shower, and large storefront windows.
    • Second floor: Three furnished, updated live/work units, each with private restroom, shower, and washer/dryer.
    • Versatile layout: Total of 3 bedrooms and 3 bathrooms across the building, offering flexible occupancy options.
    • Excellent for owner/user occupancy, hybrid live/work setups, or multi‑tenant investment.

    Overview

    Located in Playa del Rey, CA, the stand-alone building at 179-181 Culver Blvd presents a renovated creative office/retail space. Constructed in 1911 and fully remodeled in 2023, the property offers approximately 3,174 interior square feet and combines flexible live/work opportunities with a beachside address. The building features a classic brick façade and is suitable for owner/user occupancy, hybrid live/work setups, or multi-tenant investment. It is move-in-ready for owner/users or investors. The ground floor features an open floor plan with 14-foot ceilings, a newly installed kitchen with a stove, an updated restroom with a shower, and large storefront windows. The second floor offers three furnished, updated live/work units, each with a private restroom, shower, and washer/dryer. The building includes a total of three bedrooms and three bathrooms (two studios and one bedroom with four bathrooms upstairs, and two bedrooms and one bathroom downstairs), offering flexible occupancy options. Ample nearby parking is available. The property is located steps from the beach and close to Venice, Marina del Rey, and LAX. It is ideal for creative agencies, boutique retailers, and co-working concepts. The property has a strong street presence with excellent signage opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Playa del Rey
    County
    Los Angeles
    State
    California
    Longitude
    -118.438
    Latitude
    33.9505

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    FAQs

    What type of property is this?
    Live-work space - Creative office/retail building in Playa del Rey, walking distance to beach.
    Where is this live-work space located?
    The property is located at 179 Culver -181 Playa del Rey, CA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Fully renovated (2023) stand‑alone building offering flexible live/work or investment opportunity in Playa Del Rey.; Prime location: Steps from the beach and close to Venice, Marina del Rey, and LAX.; Ground floor: Open floor plan with 14’ ceilings, new kitchen, updated restroom with shower, and large storefront windows.
    (213) 422-2448
    We can help!
    Listing Contact
    John Ban
    Real Estate License ID: 01441445
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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