1460 Westwood BlvdLos Angeles, CA 90024

Property Details for 1460 Westwood Blvd

Year built

1972

Construction

STEEL FRAME

Lot size

0.26 AC

Property size (Sq ft)

16,604 SF

Zone code

LAC4

Property type

Retail properties

Property subtype

Community centers

APN

4325-019-024

APU

4325019024

Description

This exceptional 5,796 square foot commercial property at 1460 Westwood Blvd in Los Angeles, CA 9024, offers a unique opportunity for multiple tenants. Located in Los Angeles County, this property boasts a prime corner location and is currently fully vacant, allowing for immediate occupancy. The space is adaptable to various uses, including retail, medical office, and creative office spaces, thanks to its versatile design and high-end finishes. The building features impressive 20-foot ceilings, adding to its spacious and modern feel. Individual spaces range from a minimum of 986 square feet to a maximum contiguous space of 4,810 square feet, providing flexibility for businesses of different sizes. Ample parking is available on-site. The property's classification includes retail, office, medical office, creative office, and strip center subtypes. This turnkey space is ready for immediate use, presenting a rare chance to establish a presence in a highly desirable Westwood location. The building's recent build-out ensures modern amenities and a sophisticated aesthetic.

• CAP approach

  CAP return

  Valuation

  6%

  $6,027,458

  6.5%

  $5,563,808

  7%

  $5,166,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,942,330

  Geo Method

  $7,956,690

• Alternative Use

  Use

  Valuation

  Residential

  $4,693,280

  Hospitality

  $4,299,019

  Educational

  $3,576,733

  Medical

  $3,699,743

  Retail

  $5,563,808

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0544

Longitude

-118.441

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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