Renovated Three-Floor Creative
New
For Sale
$5,150,000
2426 Lincoln Boulevard, Venice, CA 90291
Loft-style interiors feature polished concrete, glass walls, wood beams, and operable windows.
Property Size7,380 SF
Price / SF$697.83
Days on Market3
Property Features for 2426 Lincoln Boulevard
General Information
Standard status
Active
Size
7,380 SF
Total Parking Spaces
20
Elevators
Yes
Additional Details
Gross Income
$48,000
Highway Access
Yes
Amenities
rooftop terrace
private restrooms
kitchen
Building Details
Year Built
1928
Stories
3
Listing Agency:
Zacuto Group
Listed By:
Jacob Zacuto · License #01377441
(310) 469-9300
Source:
Myfabuloushome
Added: Sep 18
Last Checked: Sep 19 at 11:29AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$175,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
