Creative Live/Work Flex
5017 Exposition Blvd Los Angeles, CA 90016
5017 Exposition Blvd, Los Angeles, CA, 90016
$1,695,000
For Sale
$1,695,000
Two-story renovated live/work and flex campus near transit.
Property Size4,400 SF
Price / SF$385.23
Days on Market111
Property Features for 5017 Exposition Blvd
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1948
Listing agency
Encino Office
(818) 212-2667
Listed by
Floyd Shaheen · License #License(s): CA: 01960743
(818) 212-2667
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:11AM
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 Encino Office
Investment Insights
Based on property information with market context.
This two-story creative live/work and flex campus offers versatility in a growing creative and transit-oriented area. The property has been thoughtfully renovated and is highly adaptable. It features two legally permitted Artist-in-Residence (live/work) units and one flex office suite. Each unit benefits from open volumes, skylights, and modernized building systems. The LAM1 zoning and clean Phase I & Phase II reports provide flexibility across a spectrum of creative, production, and light industrial uses. The building's configuration supports users seeking a hybrid lifestyle, creative firms wanting identity and control, or investors pursuing a multi-unit income strategy. Located steps from the Expo/La Brea E Line station, it provides rail access to Culver City, USC/Expo Park, Downtown LA, and Santa Monica. Proximity to major studio and tech employers drives long-term stability and demand for creative workspace in this emerging district. A full renovation was completed in 2005. The property has skylights bringing natural light and flexible floorplates ideal for adaptive creative reconfiguration. The property size is 4400 square feet.
Key Highlights
- Rare creative live/work and flex campus in a rapidly growing, transit‑oriented location.
- Two legally permitted Artist‑in‑Residence (live/work) units and one flex office suite.
- LAM1 zoning and clean Phase I & Phase II reports offer flexibility.
Local 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 | $171.1k | $38.88 |
| − Vacancy | −$31.8k | −$7.23 |
| EGI | $139.3k | $31.65 |
| − OpEx | −$34.8k | −$7.91 |
| NOI | $104.4k | $23.74 |
4,400 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.49M
$1.31M – $1.74M
NOI $104,439 @ 7.0% cap · market cap 6.16%
Second Best
Mixed Use
$1.27M
$1.11M – $1.49M
NOI $89,100 @ 7.0% cap · market cap 5.26%
Theoretical Best
Multifamily LT 5
$89.14M
$78.00M – $104.00M
NOI $6,239,895 @ 7.0% cap · market cap 368.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Total Luxury Spa
Clothing Store
Commonwealth Projects
Marketing & Advertising
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FAQs
What type of property is this?
Live-work space - Two-story renovated live/work and flex campus near transit.
Where is this live-work space located?
The property is located at 5017 Exposition Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Rare creative live/work and flex campus in a rapidly growing, transit‑oriented location.; Two legally permitted Artist‑in‑Residence (live/work) units and one flex office suite.; LAM1 zoning and clean Phase I & Phase II reports offer flexibility.
