Renovated Live-Work Office
179-181 Culver Boulevard Playa del Rey, CA 90293
For Sale
$2,600,000
Pending
Renovated two-level creative office/retail building with a prominent storefront and three furnished live-work units.
Property Size3,350 SF
Days on Market272
Property Features for 179-181 Culver Boulevard
General Information
- Standard status
- Pending
- Size
- 3,350 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1911
Listing Agency:
Hampton Realty & Investment
(213) 254-5008
Listed By:
John Ban · License #01441445
(213) 254-5008
Source:
Compass
Added: Oct 25, 2025
Changed: Jul 22
Last Checked: Jul 22 at 9:56PM
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 Hampton Realty & Investment
Investment Insights
Based on property information with market context.
This fully renovated live-work creative office/retail building features a classic brick façade and a prominent ground-floor storefront. Spanning two levels, the ground floor offers an open, light-filled layout with updated restroom facilities that include a shower, a newly installed kitchen with stove, and large storefront windows designed for strong street presence. The second floor includes three furnished, updated live-work units, each with a private restroom, shower, and washer/dryer.
The building is configured with a total of three bedrooms and three bathrooms across the property, including two studios and one additional bedroom upstairs, along with additional bedrooms downstairs. Ample nearby parking is referenced, and the property is described as highly visible with signage opportunities. Built in 1911, with a full remodel completed in 2023, it is presented as ready-to-occupy for an owner-user or for investor use.
Overall, the building’s layout supports flexible occupancy, combining retail-facing frontage with self-contained live-work units above and updated, move-in-ready finishes.
The building is configured with a total of three bedrooms and three bathrooms across the property, including two studios and one additional bedroom upstairs, along with additional bedrooms downstairs. Ample nearby parking is referenced, and the property is described as highly visible with signage opportunities. Built in 1911, with a full remodel completed in 2023, it is presented as ready-to-occupy for an owner-user or for investor use.
Overall, the building’s layout supports flexible occupancy, combining retail-facing frontage with self-contained live-work units above and updated, move-in-ready finishes.
Key Highlights
- Renovated creative office/retail building built in 1911 with a full remodel completed in 2023
- Approximately 3,174 interior SF across two levels with a classic brick facade and prominent ground‑floor storefront
- Ground floor open plan with 14’ ceilings, newly installed kitchen with stove, updated restroom with shower, and large storefront windows
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 | $130.2k | $38.88 |
| − Vacancy | −$24.2k | −$7.23 |
| EGI | $106.0k | $31.65 |
| − OpEx | −$26.5k | −$7.91 |
| NOI | $79.5k | $23.74 |
3,350 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.14M
$994.0K – $1.33M
NOI $79,516 @ 7.0% cap · market cap 3.06%
Second Best
Mixed Use
$969.1K
$848.0K – $1.13M
NOI $67,838 @ 7.0% cap · market cap 2.61%
Theoretical Best
Multifamily LT 5
$67.87M
$59.39M – $79.18M
NOI $4,750,829 @ 7.0% cap · market cap 182.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Renovated two-level creative office/retail building with a prominent storefront and three furnished live-work units.
Where is this live-work space located?
The property is located at 179-181 Culver Boulevard 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: Renovated creative office/retail building built in 1911 with a full remodel completed in 2023; Approximately 3,174 interior SF across two levels with a classic brick facade and prominent ground‑floor storefront; Ground floor open plan with 14’ ceilings, newly installed kitchen with stove, updated restroom with shower, and large storefront windows
