Flex Property with Secured
9623 Venice Blvd Culver City, CA 90232
9623 Venice Blvd, Culver City, CA, 90232
$1,795,000
Pending
For Sale
$1,795,000
Pending
Gated flex setup with office improvements and dedicated storage, well suited for trades or light industrial operators.
Property Size2,400 SF
Lot Size0.14 Acres
Days on Market487
Property Features for 9623 Venice Blvd
General Information
- Standard status
- Pending
- Size
- 2,400 SF
- Lot size
- 0.14 Acres
Listing Agency
Cavanaugh Realtors
(310) 837-7161
Listed by
Daniel John Cavanaugh
(310) 837-7161
Source
Exprealty
Added: Mar 20, 2025 Checked: Jul 17 at 9:39 pm
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 Cavanaugh Realtors
Investment Insights
Based on property information with market context.
A rare opportunity with first-time market exposure in nearly 40 years, this former plumbing shop offers a practical flex layout designed for trades and service users. The front building is approximately 1,500 square feet and functions as a single-story office with four private offices, a kitchen and break room, and two restrooms. The rear building is approximately 900 square feet and is used strictly for storage, supporting day-to-day operations and workflow separation. The property sits on a roughly 6,250 square foot lot with gates at both the front and rear, providing secured parking on site.
The property is located in a convenient area close to downtown Culver City and major media employers including Sony Studios and Amazon Studios. It is also just down the street from the new Apple Campus project, and it benefits from proximity to the Robertson Metro station. The property has a Tier 3 TOC designation, and it is zoned MU-EC, which allows for mixed-use development.
This configuration is well matched for contractors, specialty trades, and other users who need functional office space paired with on-site storage and controlled access. For buyers evaluating redevelopment or a mixed-use direction, the MU-EC zoning and Tier 3 TOC designation add planning flexibility while retaining the existing operational improvements.
The property is located in a convenient area close to downtown Culver City and major media employers including Sony Studios and Amazon Studios. It is also just down the street from the new Apple Campus project, and it benefits from proximity to the Robertson Metro station. The property has a Tier 3 TOC designation, and it is zoned MU-EC, which allows for mixed-use development.
This configuration is well matched for contractors, specialty trades, and other users who need functional office space paired with on-site storage and controlled access. For buyers evaluating redevelopment or a mixed-use direction, the MU-EC zoning and Tier 3 TOC designation add planning flexibility while retaining the existing operational improvements.
Key Highlights
- Single‑story 1,500 SF front office building with 4 private offices, kitchen/break room, and 2 restrooms
- Rear 900 SF building for dedicated storage
- Gated access at the front and rear with plenty of secured on‑site parking
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 | $92.2k | $38.40 |
| − Vacancy | −$22.2k | −$9.25 |
| EGI | $69.9k | $29.15 |
| − OpEx | −$17.5k | −$7.29 |
| NOI | $52.5k | $21.86 |
2,400 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$749.5K
$655.8K – $874.4K
NOI $52,462 @ 7.0% cap · market cap 2.92%
Second Best
Warehouse
$446.1K
$390.4K – $520.5K
NOI $31,229 @ 7.0% cap · market cap 1.74%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,947 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Due Mani Pizza
- The Greasy Wiener
- Arli's Exclusive Catering — 10910 Venice Blvd., Los Angeles, CA 90034
- Chef Evi Catering & Events — 10853 Venice Blvd., Los Angeles, CA 90034
- Wolfgang Puck Catering at Sony Pictures Studios — 10202 Washington Blvd, Culver City, CA 90232
FAQs
What type of property is this?
Flex space - Gated flex setup with office improvements and dedicated storage, well suited for trades or light industrial operators.
Where is this flex space located?
The property is located at 9623 Venice Blvd Culver City, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Single‑story 1,500 SF front office building with 4 private offices, kitchen/break room, and 2 restrooms; Rear 900 SF building for dedicated storage; Gated access at the front and rear with plenty of secured on‑site parking
