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    Venice Creative Office/Live-Work Space Title is generated by Realmo AI

    215 Windward Avenue, Venice, CA 90291

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    Claim this Listing
    For Lease
    $8,750/Mo $64 SF/Yr (calc)

    Commercial Lease - Venice, CA

    Property size:
    1,634 SF
    Added:
    Jul 1, 2024
    Days on Market:
    686
    Last Refresh:
    May 17 at 1:06 pm

    Property Features for 215 Windward Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    4238013006
    Size
    1,634 SF

    Building Details

    Year built
    1905
    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Ehlers
    Mark Ehlers

    Listing agent Mark Ehlers License #01955008

    Listing office Imperial Real Estate 1008 S. Pacific Ave., #206, Manhattan Beach, CA

    Listing date Jul 1, 2024

    MLS# SB24135070 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

    • Prime Venice Beach Location: Situated at the entry of Windward Circle near the Venice sign, offering high visibility.
    • Versatile C2 Zoning: Allows for flexible commercial or live/work use.
    • Modern Open Floor Plan with Abundant Natural Light: Features soaring skylit ceilings and a bright, open layout.
    • Recently Remodeled Kitchen and Bathrooms: Provides updated amenities.
    • Convenient Alley Access Parking: Accommodates approximately 4 cars.
    • Strategic Proximity to Key Destinations: Close to Abbott Kinney, Rose Corridor, Main Street, the beach, Marina del Rey, Santa Monica, and major freeways and LAX.

    Overview

    Located in Venice Beach, this 1,634-square-foot single-story boutique building offers a versatile space suitable for creative office or live/work use. The property is positioned at the entry of the Windward Circle near the Venice sign, blending commercial and residential environments. The building features soaring skylit ceilings, abundant natural lighting, and a modern open floor plan. It includes three bedrooms, a recently remodeled kitchen, and two bathrooms. Additional features include a storage room with a separate entry and a large crawlspace, suitable for storage or data rooms. Alley access provides parking for approximately four cars, with potential for additional parking in the future. The property is less than a mile from Marina del Rey and two miles from Santa Monica, with convenient access to Highway 1, the 10 and 405 freeways, and LAX Airport. This location is near Abbott Kinney, Rose Corridor, and Main Street, and is described as highly walkable and bike-friendly.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Los Angeles
    State
    California
    Longitude
    -118.47056
    Latitude
    33.98854

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    FAQs

    What type of property is this?
    Live-work space - Unique live/work space in vibrant Venice Beach near Abbot Kinney.
    Where is this live-work space located?
    The property is located at 215 Windward Avenue Venice, CA.
    What is the lease rate?
    The lease rate is $8,750 /Mo.
    What are key features of this property?
    This property features: Prime Venice Beach Location: Situated at the entry of Windward Circle near the Venice sign, offering high visibility.; Versatile C2 Zoning: Allows for flexible commercial or live/work use.; Modern Open Floor Plan with Abundant Natural Light: Features soaring skylit ceilings and a bright, open layout.
    (310) 667-1469
    We can help!
    Listing Contact
    Mark Ehlers
    Mark Ehlers
    Real Estate License ID: 01955008
    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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