Renovated Three-Floor Creative
2426 Lincoln Boulevard, Venice, CA 90291
For Sale
$5,150,000
Loft-style interiors feature polished concrete, glass walls, wood beams, and operable windows.
Property Size7,380 SF
Price / SF$697.83
Days on Market51
Property Features for 2426 Lincoln Boulevard
General Information
Standard status
Size
Total Parking Spaces
Elevators
Additional Details
Gross Income
Highway Access
Amenities
rooftop terrace
private restrooms
kitchen
Building Details
Year Built
Stories
Listing Agency:
Zacuto Group
Listed By:
Jacob Zacuto · License #CA 01377441
(310) 469-9012
Source:
Myfabuloushome
Added: Sep 18
Changed: Nov 6
Last Checked: Oct 7 at 3:49PM
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 Zacuto Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 2426 Lincoln Boulevard in Venice, this 7,380-square-foot creative space occupies 3 renovated floors within a 1928 property. The interiors combine polished concrete floors, extensive glass, wood beam details, and operable windows for a bright, flexible work environment. A rooftop area provides open panoramic views, while a kitchen and 2 private restrooms support daily operations. Live-work use is possible, subject to buyer verification.
Direct elevator access serves each floor, and gated on-site parking accommodates 20 vehicles. The property sits at the corner of Lincoln Boulevard and Venice Boulevard, near the Venice and Marina Del Rey crossroads, with access to major freeways and high streets. A billboard is included with the property.
Direct elevator access serves each floor, and gated on-site parking accommodates 20 vehicles. The property sits at the corner of Lincoln Boulevard and Venice Boulevard, near the Venice and Marina Del Rey crossroads, with access to major freeways and high streets. A billboard is included with the property.
Key Highlights
- 7,380 SF creative space across 3 renovated floors
- 1928 property with polished concrete, glass walls, wood beams, and operable windows
- Activated rooftop with open panoramic views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,173
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,503,460
$3.5M
Cap Rate 7%
$2,502,471
$2.5M
Cap Rate 9%
$1,946,367
$1.9M
Market Conditions
NOI Build-Up for 7,380 SF
Gross rent
$286.9K $38.88/SF
− Vacancy
−$53.4K −$7.23/SF
EGI
$233.6K $31.65/SF
− OpEx
−$58.4K −$7.91/SF
NOI
$175.2K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,503,460
Cap Rate 7%
$2,502,471
Cap Rate 9%
$1,946,367
Alternative Uses
Best Use
Office B
$2.50M
$2.19M – $2.92M
NOI $175,173 @ 7.0% cap · market cap 3.40%
Second Best
Mixed Use
$2.13M
$1.87M – $2.49M
NOI $149,445 @ 7.0% cap · market cap 2.90%
Theoretical Best
Multifamily LT 5
$149.51M
$130.83M – $174.43M
NOI $10,466,006 @ 7.0% cap · market cap 203.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,924
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Market
Average Price Trend$/SF for Creative space in Los Angeles County, CA
Properties on Market for Creative space in Los Angeles County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - Loft-style interiors feature polished concrete, glass walls, wood beams, and operable windows.
Where is this creative space located?
The property is located at 2426 Lincoln Boulevard Venice, CA.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: 7,380 SF creative space across 3 renovated floors; 1928 property with polished concrete, glass walls, wood beams, and operable windows; Activated rooftop with open panoramic views
