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Investment Highlights

  • Renovated creative office with 18-foot ceilings and polished concrete floors
  • Rooftop deck, skylights, and enclosed patio for indoor-outdoor flow
  • Surrounded by major retail, dining, and tech/media headquarters
  • Custom steel windows and doors fabricated in Los Angeles
  • Located near Metro Expo Line and Santa Monica Freeway

Executive Summary

5872 Smiley Drive presents a rare opportunity to acquire a fully renovated, stand-alone creative office building in the heart of Culver City. Designed for the discerning owner/user, this ±6,878 RSF property blends industrial character with high-end finishes, offering a turnkey solution in one of Los Angeles’ most dynamic submarkets.

Sale Flyer

Taxes & Operating Expenses (Actual - 2025) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
6,878 SF
Building Class
B
Year Built
2023
Price
$4,900,000
Price Per SF
$712.42
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,439 SF
Slab To Slab
11’
Building FAR
1.75
Lot Size
0.09 AC
Zoning
MU-2 - Mixed Use
Parking
4 Spaces (0.58 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Skylights
  • Kitchen
  • Roof Terrace
  • Storage Space
  • Partitioned Offices
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 6,878 SF
  • Office
  • Full Build-Out
  • Now

New perimeter offices and conference rooms built on spec with a best-in-class kitchenette and restrooms. Steel windows and doors are fabricated in LA using the highest design and material standards.

Space Size Space Use Condition Available
1st Floor 6,878 SF Office Full Build-Out Now

1st Floor

Size
6,878 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 6,878 SF
Space Use Office
Condition Full Build-Out
Available Now

New perimeter offices and conference rooms built on spec with a best-in-class kitchenette and restrooms. Steel windows and doors are fabricated in LA using the highest design and material standards.

Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
70/100

About Culver City Office

The Culver City area has evolved in recent years into one of the most attractive locations for office workers and residents in Greater Los Angeles. Downtown Culver forms the hub of the area, with a plethora of appealing retailers and restaurants. Much of the office inventory in Culver City comprises industrial conversions and purpose-built creative office, the type of office space that has proven very popular in recent years with tenants in many markets throughout the country.

Some of the region’s most innovative business are home to the area. Tech and creative firms dominate the tenant roster. The famed Culver Studios as well as Sony Pictures have long had a dominating presence in the city. More recently, Amazon, Apple and Warner Media have committed to the area during the past several years for their bases of operations in Los Angeles. Additionally, startups make up a significant portion of tenancy.

Culver City offers office tenants a central location in Greater Los Angeles that allows employers to pull talented employees from many directions. The Metro Expo Line, which connects Culver City to Santa Monica and Downtown Los Angeles, increasingly drives companies to locate in the submarket. Additionally, the soon to complete Metro Crenshaw Line will provide excellent access to South Los Angeles as well as the South Bay.

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2020 Population
34,042
325,715
972,567
2024 Population
35,004
326,051
978,237
Population Growth '20-'24
2.8%
0.1%
0.6%
2020 Households
12,256
139,718
413,547
2024 Households
12,362
138,522
414,230
Household Growth '20-'24
0.9%
-0.9%
0.2%
Average Age
40
41
41
Median Household Income
$93,107
$99,100
$88,914
Daytime Employees
20,180
183,313
635,478
Total Businesses
2,438
28,225
84,542
College Degree + Higher
34%
48%
45%

Property Taxes

Property Taxes

Parcel Number
4205-003-041
Land Assessment
$2,187,291
Improvements Assessment
$448,392
Total Assessment
$2,635,683

Sale Advisors

Sale Advisors

Scott Rigsby, Founding Partner
Scott Rigsby is a founding partner of Industry Partners, an entrepreneurial real estate services firm specializing in the representation of landlords, tenants and developers with a particular focus on creative work environments and adaptive reuse projects in West Los Angeles. Previously, he was vice president of Lee& Associates/West Los Angeles. One of Lee & Associates top-ranked producers, he was responsible for closing over a million square feet of creative office space transactions in West Los Angeles for media and tech clients, as well as retail. Scott offers extensive office and creative space experience, in addition to expertise in the areas of development, design and space planning.
Scott graduated from the University of Arizona with a degree in Finance. Scott currently lives in the Pacific Palisades and has two children.
Jim Jacobsen, Founder & Partner
Jim Jacobsen is the founding partner at Industry Partners, where he leads and oversees the company’s landlord and tenant services, as well as the company’s operating partner functions in conjunction with institutional investors and pension funds. Since starting the firm in 2011, Industry Partners has risen to become a top performing company, highly specialized in the development and leasing of quality creative office space in Los Angeles. Jim is an early adopter and advocate of sustainable development and adaptive reuse, and has played a leading role in the sale and repurposing of millions of square feet of classic industrial and warehouse buildings. As a result of his client-focused commitment, he has maintained long-term relationships with companies such as The Lionstone Group, J.J. Abrams, Jerry Bruckheimer, POP Sound, Imagines Films and The Mill. Jim received his BA from the University of California, Los Angeles. He is a member of LACRA, the Santa Monica Conservancy, City of Hope, Los Angeles County Museum of Art, the Hammer Museum and Oceana North America.

Jim received his BA from the University of California at Los Angeles and lives in the Brentwood neighborhood with his wife Dana and their son.
Elliot Schwartz, Associate
Elliot Schwartz is a born and raised Angelino with nearly a decade in commercial real estate servicing landlords and tenants with a focus on the westside of Los Angeles. When it comes to westside specialization in retail and office properties, Elliot Schwartz is a proven professional with extensive knowledge of the unique marketplace. He also has had his hand in many multi-family deals. His marketing capabilities and communication skills allow him to connect to clients and investors, bridging relationships and developing opportunities. Schwartz debuted at Marcus & Millichap, routinely showing clients his commitment to being the best source of information in his unique marketplace. He achieved the distinguished Pacesetter Award which is given to outstanding new agents that meet a certain threshold. In 2019, he achieved a Sales Recognition Award. Now his skill set aids Industry Partners.
  • Listing ID: 38069380

  • Date on Market: 10/14/2025

  • Last Updated:

  • Address: 5872 Smiley Dr, Culver City, CA 90232

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