1446 Westwood BlvdLos Angeles, CA 90024

Property Details for 1446 Westwood Blvd

Year built

1948

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

3,986 SF

Zone code

LAC4

Property type

Retail space

APN

4325-019-023

APU

4325019023

Description

This exceptional 1,500 square foot retail space, located at 1446 Westwood Boulevard in Los Angeles, California (zip code 90024), presents a remarkable opportunity for restaurant operators. The single-tenant property boasts a high-visibility location with six dedicated parking spaces, ensuring convenient customer access. The space is equipped with brand-new, NSF-certified equipment including a freezer, refrigerator, commercial beverage refrigerator, fryer, and a three-piece coned pizza machine. High ceilings and abundant natural light create an inviting atmosphere. Minor construction remains, but all necessary restaurant permits are in place, and health department inspections have been successfully completed. A five-year lease is available at a monthly rate of $6,758.33, which is a triple net lease (NNN). The landlord is offering an additional $30 per square foot for tenant improvements, based on the lease agreement. This versatile property is perfect for launching a new restaurant or expanding an existing one. This is a turn-key opportunity in a high-traffic area of Los Angeles.

• CAP approach

  CAP return

  Valuation

  6%

  $1,446,896

  6.5%

  $1,335,596

  7%

  $1,240,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,906,659

  Geo Method

  $1,910,104

• Alternative Use

  Use

  Valuation

  Residential

  $1,126,626

  Hospitality

  $1,031,983

  Educational

  $858,598

  Medical

  $888,126

  Retail

  $1,335,596

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0546

Longitude

-118.441

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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