Freestanding Creative
3640 Holdrege Avenue, Los Angeles, CA 90016
For Sale
New
$14,950,000
The vacant interior is equipped with conference rooms, a training room, and an on-site fitness area.
Property Size25,865 SF
Price / SF$578
Days on Market2
Property Features for 3640 Holdrege Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Condition
Property Use
Amenities
video conference rooms
training room
equipped fitness center
secure parking
skylights
mechanized shades
Building Details
Building Size
Year Built
Buildings
Owner Occupied
Listing Agency:
Lee & Associates - West L.A.
Listed By:
Keith Fielding
(310) 899-2719
Source:
Lee-associates
Added: Nov 12
Last Checked: Nov 12 at 2:25PM
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 - West L.A.
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.
This freestanding creative workspace at 3640 Holdrege Avenue offers 25,865 square feet and is delivered vacant. Interior features include concrete floors, exposed ceilings ranging from 12 to 14 feet, skylights, and mechanized window shades. The built-out space also contains video conference rooms, a training room, and an equipped fitness area, with secure parking serving the property. Constructed in 1957, the building is positioned at the edge of Culver City’s Hayden Tract. The Metro E Line is minutes away.
Key Highlights
- 25,865‑square‑foot freestanding creative workspace
- Delivered vacant with a built‑out interior
- Exposed ceilings measure 12–14 feet; concrete floors and skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$613,938
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,278,760
$12.3M
Cap Rate 7%
$8,770,543
$8.8M
Cap Rate 9%
$6,821,533
$6.8M
Market Conditions
NOI Build-Up for 25,865 SF
Gross rent
$1.01M $38.88/SF
− Vacancy
−$187.0K −$7.23/SF
EGI
$818.6K $31.65/SF
− OpEx
−$204.6K −$7.91/SF
NOI
$613.9K $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%
$12,278,760
Cap Rate 7%
$8,770,543
Cap Rate 9%
$6,821,533
Alternative Uses
Best Use
Office B
$8.77M
$7.67M – $10.23M
NOI $613,938 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.80M
$9.45M – $12.60M
NOI $755,927 @ 7.0% cap · market cap 5.06%
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
1,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
Market
Average Price Trend$/SF for Creative space in Los Angeles, CA
Properties on Market for Creative space in Los Angeles
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - The vacant interior is equipped with conference rooms, a training room, and an on-site fitness area.
Where is this creative space located?
The property is located at 3640 Holdrege Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $14,950,000.
What are key features of this property?
This property features: 25,865‑square‑foot freestanding creative workspace; Delivered vacant with a built‑out interior; Exposed ceilings measure 12–14 feet; concrete floors and skylights
