Free Standing Creative
817 Venice Blvd Los Angeles, CA
817 Venice Blvd, Los Angeles, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Creative space near Convention Center, Crypto Arena, and LA Live.
Property Size3,400 SF
Lot Size0.12 Acres
Price / SF$360.29
Days on Market796
Property Features for 817 Venice Blvd
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 0.12 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Lee & Associates
(323) 767-2113
Listed by
Jim Halferty · License #01212024
(323) 767-2113
Source
Moodyscre
Added: May 17, 2024 Updated: Jul 6 at 9:58AM Checked: Jul 21 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
Investment Insights
Based on property information with market context.
This is a free-standing brick building featuring clear span creative space. The property is located next to the 110 Freeway and near the Convention Center, Crypto Arena, and LA Live. It includes very clean office and warehouse areas. The property also offers fenced parking and loading in the rear. The entire space is equipped with HVAC.
Key Highlights
- Free standing brick building offers clear span creative space.
- Fenced parking and loading in rear.
- 100% HVAC throughout.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.2k | $38.88 |
| − Vacancy | −$24.6k | −$7.23 |
| EGI | $107.6k | $31.65 |
| − OpEx | −$26.9k | −$7.91 |
| NOI | $80.7k | $23.74 |
3,400 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,703 @ 7.0% cap · market cap 6.59%
Second Best
Warehouse
$732.7K
$641.1K – $854.8K
NOI $51,288 @ 7.0% cap · market cap 4.19%
Theoretical Best
Multifamily LT 5
$68.88M
$60.27M – $80.36M
NOI $4,821,737 @ 7.0% cap · market cap 393.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Venice Cabinets
Interior Design
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FAQs
What type of property is this?
Warehouse - Creative space near Convention Center, Crypto Arena, and LA Live.
Where is this warehouse located?
The property is located at 817 Venice Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Free standing brick building offers clear span creative space.; Fenced parking and loading in rear.; 100% HVAC throughout.
