The commercial property at 62-66 Windward Avenue in Venice, California, was sold in an off-market transaction for $7.15 million in May 2019, translating to $957 per square foot. The 4,600-square-foot Class C building, originally constructed in 1922, is positioned in the heart of Venice Beach, just steps from the world-famous Venice Boardwalk. The sale was brokered by Madison Partners, with Windward Venice, LLC acting as the seller and Windward Avenue Properties, LLC, an affiliate of Optimus Properties, LLC, as the buyer.

Previously, in 2018, the same property had traded for $5.5 million ($714 per SF), demonstrating a significant increase in value over a short period. The new owners planned to reposition and enhance the asset to better align with the evolving retail and creative office demands of Venice Beach.

The two-story commercial property includes three retail storefronts at street level and a creative office space on the second floor, which features a spacious rooftop deck—a highly sought-after amenity in the Venice market. Due to the strong market fundamentals, limited new development, and high demand for commercial space in Venice Beach, this transaction underscores the area’s continued attractiveness for investment.

Venice Beach has long been a hub for creative industries, attracting artists, tourists, and technology firms. The surrounding neighborhood has evolved into a high-profile tech and media corridor, often referred to as “”Silicon Beach,”” with companies such as Snapchat, Creators Media, Signal Sciences, StackCommerce, and Pinwheel maintaining a presence nearby. With affluent residential communities and limited commercial inventory, Venice remains one of the most stable and high-performing submarkets in Los Angeles.