Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Venice Beach Commercial Opportunity Title is generated by Realmo AI

    428 N LINCOLN Blvd, Venice, CA 90291

    View on Map
    Claim this Listing
    For Sale
    $2,099,000

    Commercial property in Venice Beach suitable for various uses.

    Type:Commercial/Industrial
    Property size:
    1,589 SF
    Price / SF:
    $1,320/SF
    Added:
    Apr 15, 2025
    Days on Market:
    411
    Last Refresh:
    May 28 at 3:58 pm

    Property Features for 428 N LINCOLN Blvd

    General Information

    Standard status
    Active
    Size
    1,589 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1949

    We can help!

    Listing Contact
    Robert Crawford

    Listing agent Robert Crawford License #01956587

    Listing office WE ARE REALTY INC

    Listing date Apr 15, 2025

    Source Exitrealty

    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 WE ARE REALTY INC

    HighLights

    • Prime Venice Beach location on a high‑traffic boulevard connecting Santa Monica to LAX.
    • Potential for $50,000/year income from pending digital billboard installation with signed licensing deal.
    • Versatile commercial space suitable for retail, automotive, office, warehouse, or restaurant use.
    • Upgraded plumbing, electrical, foundation, and roof.
    • Vacant possession, ideal for owner‑user or investment property.
    • Includes six legal parking spots and three rollup doors for easy access.

    Overview

    Located in the heart of Venice Beach, California, on the busiest boulevard connecting Santa Monica to LAX, this commercial real estate opportunity is suitable for a wide variety of uses including retail, automotive, office, warehouse, or potentially a restaurant. The building structure is 1,589 square feet and technically includes 5 separate addresses, offering the potential for a multi-tenant investment. Upgrades to the plumbing, electrical, foundation, and roof have been completed within the past few years. Skylights are placed throughout the main structure, which also includes two legal bathrooms. Three rollup doors provide access throughout the structure, including access to the rear alley for deliveries. The property includes six legal parking spots and will be delivered vacant, making it suitable for an owner/user or as an investment for steady returns. The owner is awaiting city approval for digital billboard installation with a signed licensing deal worth $50,000 per year.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Los Angeles
    State
    California
    Longitude
    -118.46555
    Latitude
    34.00043

    Nearby Similar for Sale

    • $2,495,000
      3,556 SF

      Updated Venice Triplex with Income

      Income-producing triplex in Venice with updates and development potential.
      817 Broadway St, Venice, CA 90291
      View Details
    • $4,995,000
      9,532 SF

      Venice Multifamily Asset with Upside

      Turnkey 14-unit multifamily property in a desirable Venice location.
      2001 Penmar Ave, Venice, CA 90291
      View Details
    • $4,999,888
      7,068 SF

      Venice Canals Premier Multi-Unit Asset

      Lender-owned, five-unit property on the Venice Canals.
      3000 Grand Canal, Venice, CA 90291
      View Details
    • $3,888,000
      3,288 SF

      Venice Multifamily Investment Opportunity

      Eight-unit multifamily property in coveted Venice, California.
      250 3rd Ave, Venice, CA 90291
      View Details
    • $2,695,000
      3,408 SF

      Venice Triplex Near the Beach

      Multifamily property near dining, shopping, and entertainment.
      241 Horizon Avenue, Venice, CA 90291
      View Details
    • $2,750,000
      4,528 SF

      Venice Multifamily Investment Opportunity

      Six-unit property near Abbot Kinney with income potential.
      656 Indiana Ave, Venice, CA 90291
      View Details
    • $4,295,000
      3,600 SF

      Venice Canals Duplex with Views

      Duplex in Venice Canals with rooftop deck and water views.
      224 Linnie Canal, Venice, CA 90291
      View Details
    • $3,495,000
      2,550 SF

      Venice Corner Lot Multifamily Property

      Rare corner lot with canal frontage and redevelopment potential.
      2300 Grand Canal, Venice, CA 90291
      View Details
    • $4,950,000
      5,486 SF

      Venice Multi-Unit Compound with Views

      Architectural four-unit property in the heart of Venice.
      2452 Penmar Ave, Venice, CA 90291
      View Details
    • $7,700,000
      7,000 SF

      Iconic Venice Vanguard Lofts Compound

      Unique 7,000+ sq ft compound in the heart of Venice.
      120 Mildred Ave, Venice, CA 90291
      View Details
    • $3,395,000
      4,008 SF

      Venice Multifamily Investment Opportunity

      Seven-unit multifamily property in the desirable Venice Canals neighborhood.
      2008 Strongs Dr, Venice, CA 90291
      View Details
    • $1,995,000
      3,289 SF

      Venice Triplex with Income Potential

      Venice triplex with architectural design, income potential, and long-term flexibility.
      558 San Juan Ave, Venice, CA 90291
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial property in Venice Beach suitable for various uses.
    Where is this mixed-use property located?
    The property is located at 428 N LINCOLN Blvd Venice, CA.
    What is the asking price?
    The asking price for this property is $2,099,000.
    What are key features of this property?
    This property features: Prime Venice Beach location on a high‑traffic boulevard connecting Santa Monica to LAX.; Potential for $50,000/year income from pending digital billboard installation with signed licensing deal.; Versatile commercial space suitable for retail, automotive, office, warehouse, or restaurant use.
    (323) 310-2998
    We can help!
    Listing Contact
    Robert Crawford
    Real Estate License ID: 01956587
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    428 N LINCOLN Blvd, Venice, CA 90291
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!