1046 Princeton Dr
Venice, CA 90292

• Unit Size: 1,500 SF
• Condo Use: Flex
• Price: $1,250,000 USD
• Sale Type: Owner User
• Price/SF: $833.33 USD

Description

PRINCETON LOFTS | LIVE/WORK LOFT — MARINA DEL REY / VENICE

1,301 SF | 2 BED | 2 BATH | 2-CAR TANDEM PARKING | $1,250,000

A $1.25M COASTAL LIVE/WORK ASSET IN THE HEART OF SILICON BEACH

Most properties are built for living. Princeton Lofts was built for living AND working.

At $1,250,000, this approximately 1,301-square-foot authentic industrial loft offers a rare opportunity to own a highly distinctive live/work property in one of Southern California's most important technology, entertainment and creative corridors.

At the asking price, the property represents approximately $961/SF. Based on current area commercial asking rents of approximately $3.95/SF/month NNN, 1,301 SF represents an equivalent commercial base-rent value of approximately $5,139/month, or $61,663 annually, before NNN expenses. That represents an approximately 4.93% annual rent-to-price relationship before ownership costs, vacancy, financing and other expenses.

For an owner-user, however, the opportunity goes far beyond a traditional investment calculation.

You can potentially eliminate the need to separately lease a residence and commercial workspace.

ONE PROPERTY. MULTIPLE POSSIBILITIES.

The approximately 1,301 SF floor plan can adapt to a variety of lifestyles and business models, subject to applicable zoning, HOA, licensing and use restrictions.

Imagine a technology entrepreneur living and working under one roof. A creative director operating an agency from home. A production company using the loft as an executive office and studio. A designer meeting clients in a sophisticated industrial environment. A startup founder establishing a beachside headquarters without taking on a conventional office lease.

Potential applications include live/work, creative office, executive studio, design studio, content creation, production, showroom or startup workspace.

At $3.95/SF NNN, the commercial rent-equivalent is:

1,301 SF × $3.95 = $5,139/month

$5,139 × 12 = $61,663/year

At a $1,250,000 purchase price:

$961/SF | 4.93% annual rent-to-price relationship

For an entrepreneur, the question becomes more than what it costs to buy. It becomes: What would it cost to rent the workspace for the next 5, 10 or 15 years—and where does that money go?

AUTHENTIC ARCHITECTURE. NOT MANUFACTURED CHARACTER.

Princeton Lofts is not a new condominium dressed up with industrial finishes. The architecture is the architecture.

Approximately 20-foot ceilings anchor the main living/workspace, while the original double-bow truss wood ceiling remains fully intact overhead—a rare architectural element that is exceptionally difficult to replicate today.

Exposed bolted steel construction and sandblasted wood joists reveal the building's authentic industrial heritage. Polished concrete, hardwood and carpet add warmth without compromising the loft's edge.

In the shared concourse, clear glass skylights rise approximately 30 feet, bringing changing natural light into the building throughout the day and creating an extraordinary sense of volume.

The result is a property equally capable of functioning as a sophisticated residence, creative studio, executive workspace or entrepreneurial headquarters.

POSITIONED FOR TECHNOLOGY, AI, MEDIA & ENTERTAINMENT

The surrounding business ecosystem makes this property particularly relevant to today's creative economy.

Marina del Rey and the broader Silicon Beach corridor attract technology startups, AI companies, gaming companies, entertainment and production businesses, digital media, advertising, design, e-commerce and creator-economy companies.

The local startup ecosystem includes companies such as Whatnot and HeyGen, while the broader Silicon Beach corridor includes major technology and entertainment companies and thousands of entrepreneurs, creators and professionals. (startupblink.com)

Potential users include:

• AI & technology startups
• Software & app developers
• Gaming & interactive entertainment
• Film & television production
• Music & entertainment businesses
• Advertising & branding agencies
• Digital media & content creators
• Architecture & design firms
• Fashion & product designers
• E-commerce companies
• Creative agencies
• Entrepreneurs & owner-users

BEACH. BUSINESS. LIFESTYLE.

Then there is the location.

Steps from the beach. Minutes from Abbot Kinney.

Princeton Lofts puts you at the intersection of Venice's creative energy and Marina del Rey's coastal lifestyle, with access to the larger Westside technology and entertainment corridor.

Work in the morning. Walk to the beach at lunch. Meet clients over dinner. Bike to Abbot Kinney. Come home without the traditional commute.

For today's entrepreneur, that combination can be as valuable as the square footage itself.

A DIFFERENT KIND OF REAL ESTATE ASSET

Princeton Lofts offers something increasingly difficult to find:

AUTHENTIC ARCHITECTURE + COASTAL LOCATION + LIVE/WORK FLEXIBILITY + COMMERCIAL UTILITY + SILICON BEACH PROXIMITY

1,301 SF. Two bedrooms. Two baths. Two-car tandem parking. 20-foot ceilings. Original double-bow truss. Exposed steel. Sandblasted wood. Beachside Marina del Rey.

$1,250,000 | Approximately $961/SF

This isn't simply a place to live.

It's a place to live, work, create and build what comes next.

Buyer to independently verify all zoning, permitted uses, HOA restrictions, licensing, occupancy requirements and suitability for any proposed commercial, studio, office, production or live/work use. Rental and commercial rent-equivalent calculations are illustrative only and are not a guarantee of income or investment return.

Sale Notes

PRINCETON LOFTS | Live/Work Loft — Marina del Rey / Venice

1,301 SF | 2 Bed | 2 Bath | 2-Car Tandem Parking

Most listings you see are built for living. Princeton Lofts was built for living and working — and it shows in every detail, from the bones of the building to the way the floor plan flexes to fit however you actually spend your days.

This individualized live/work loft is not a spec unit dressed up to look industrial. It's the real thing. Approximately 20-foot ceilings anchor the main living space, while the original double-bow truss wood ceiling remains fully intact overhead — a rare architectural detail you will not find replicated in new construction anywhere in this market. Exposed bolted steel construction and sandblasted wood joists run throughout, honest and unhidden, giving the home a sense of authenticity that no amount of styling can fake. Underfoot, a mix of polished concrete, hardwood and carpet grounds the space in warmth without softening its industrial edge.

Above it all, clear glass skylights soar to 30 feet in the shared concourse, so the light changes all day and the stars show up at night. Few residences offer this kind of volume, and fewer still pair it with construction quality this market rarely produces anymore.

At 1,301 square feet, the two-bedroom, two-bath layout adapts to however you need it to work: a creative studio, a proper home office, a showroom, or straightforward residential living — sometimes all three in the same week. Two-car tandem parking rounds out the practical side of the home, a rare convenience for a property with this much character.

Location does the rest of the work. Princeton Lofts sits steps from the beach, with Abbot Kinney's galleries, boutiques and restaurants just minutes away. It's all the creative energy of Venice with the ease and access of Marina del Rey — a neighborhood that continues to draw remote professionals, artists and craftspeople who are done paying for an apartment and a separate studio when they could have both under one roof.