Free Standing Creative
For Sale
$1,225,000
817 Venice Blvd, Los Angeles, CA 90015
Creative space near Convention Center, Crypto Arena, and LA Live.
Property Size3,400 SF
Days on Market330
Property Features for 817 Venice Blvd
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Industrial
Building Details
Building Size
3,400 SF
Year Built
1965
Listing Agency:
Lee & Associates
Listed By:
Jim Halferty · License #CalDRE #01212024
(323) 767-2113
Source:
Lee-associates
Added: Nov 24, 2025
Changed: Oct 19
Last Checked: Oct 19 at 4:23AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a free-standing brick building featuring clear span creative space. The property is located next to the 110 Freeway and near the Convention Center, Crypto Arena, and LA Live. It includes very clean office and warehouse areas. The property also offers fenced parking and loading in the rear. The entire space is equipped with HVAC.
Key Highlights
- Free standing brick building offers clear span creative space.
- Fenced parking and loading in rear.
- 100% HVAC throughout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,703
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,614,060
$1.6M
Cap Rate 7%
$1,152,900
$1.2M
Cap Rate 9%
$896,700
$896.7K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$132.2K $38.88/SF
− Vacancy
−$24.6K −$7.23/SF
EGI
$107.6K $31.65/SF
− OpEx
−$26.9K −$7.91/SF
NOI
$80.7K $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%
$1,614,060
Cap Rate 7%
$1,152,900
Cap Rate 9%
$896,700
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,703 @ 7.0% cap · market cap 6.59%
Second Best
Warehouse
$732.7K
$641.1K – $854.8K
NOI $51,288 @ 7.0% cap · market cap 4.19%
Theoretical Best
Multifamily LT 5
$68.88M
$60.27M – $80.36M
NOI $4,821,737 @ 7.0% cap · market cap 393.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,602
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Creative space near Convention Center, Crypto Arena, and LA Live.
Where is this warehouse located?
The property is located at 817 Venice Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Free standing brick building offers clear span creative space.; Fenced parking and loading in rear.; 100% HVAC throughout.
