I was a founder and operator of the Los Angeles free co-working space DropLabs. We lasted for 3 years before closing out of lack of interest. We never intended anything other than a free place for geeks to collect and work. We had events in the evenings, which were fairly popular. Having multiple partners with graduate business degrees, we chose not to incorporate, we just rented a space and called it "Droplabs" (why…
I live in Santa Monica and would love a space like yours. But going between the westside & downtown -- particularly during rush hour -- just isn't reasonable for a regular thing. It'll take easily 1hr+.
I had hope the Expo line would help, and while it does a bit, its current speed still makes it a long journey, timewise.