Property History
WESTMAC Commercial Brokerage Company and Beitler Commercial Realty Services are pleased to offer the opportunity to acquire 1001 Broxton Avenue, a +/- 16,256 square foot multi-tenant commercial building situated on +/- 9,829 square feet of LAC4 zoned land in Westwood Village, adjacent to the UCLA campus. This is a trophy location with a proven track record of success; California Pizza Kitchen has been a tenant for 25 years. The building is home to both office and retail tenants.
This iconic property is prominently situated at the intersection of Broxton Avenue and Weyburn, a corner that is buzzing with foot traffic. Two famous movie theaters sit right across the street—The Regency Bruin Theater and The Regency Village theater—both of which regularly host movie premiers. The surrounding area is packed with bars, restaurants, coffee shops, and more, including a weekly Thursday farmers’ market on Broxton Avenue, steps from the property.
The building was built in 1931 and designed by architects Alvan Norstrom and Milton Anderson, whose noteworthy designs can be found throughout Los Angeles, Santa Monica, and Pasadena. The ground floor currently comprises California Pizza Kitchen, as well as Brandy Melville and Image Wireless Inc. The second floor offices contain 16 suites, many rented out to short term tenants. The vacant units are bright and comfortable with large windows that offer excellent views of Westwood Village.
1001 Broxton has incredible potential for investment buyers who are looking for a rare opportunity to own a preeminant property in one of Los Angeles’s most desirable neighborhoods.
California Pizza Kitchen - The largest tenant, occupying 4,904 SF on the ground floor, California Pizza Kitchen is on a NNN lease that expires in 2029, with two (2) five (5) year options to extend. Many refer to the building as the “CPK building.”
High Traffic Area - With a walk score of 96 (Walker’s Paradise), Westwood Village is consistently bustling with foot traffic. So many amenities in a small area make it a great neighborhood to explore for locals and tourists alike.
Affluent Neighborhood - Westwood is surrounded by a dense and affluent demographic where the average household income with a one-mile radius is $107,400.
Architectural Standout - El Paseo Building was built in 1931 as part of the development of the Westwood neighborhood adjacent to UCLA. The area was developed to reflect a typical college town, and it is now full of historically significant architecture.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
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Comparable Properties
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