1064 - 1066 Gayley Avenue
Leasehold Opportunity in the Heart of Westwood Village
Marketing description
Marcus & Millichap is pleased to present for sale 1064-1066 Gayley Avenue, a leasehold opportunity in
historic Westwood Village. This unique 3,437-square-foot retail building is near iconic restaurants and
retailers in a prime West Los Angeles trade area. Gayley Avenue in Westwood Village is a constant high
foot traffic area due to the local UCLA students, populous workforce, and nearby residents. This property
is directly next to Westwood Village Anchor, Whole Foods, which retains a consistent flow of visitors every
day.
Investment highlights
Prime Location & Iconic Appeal
Legendary Westwood Village location, adjacent to Whole Foods Market.
Street frontage on a major retail corridor with excellent visibility.
93 Walkscore – “Walker’s Paradise.”
Trophy Asset with Historical Value
Pride of ownership in a highly desirable West L.A. market.
Historical real estate value growth with future development prospects.
Capable & Reliable Tenancy
100% occupancy with minimal landlord responsibilities.
Property has been continuously leased for over 40 years.
Experienced and popular tenants, including Northern Cafe and Lamonica’s NY Pizza (est. 1986).
Internet-resistant investment with strong and stable cash flow.
Strong Leasehold Investment
NNN leases ensuring minimal landlord responsibilities.
$200 monthly ground lease rent, fully recovered by tenants, with no increases.
Return on investment projected in 10 years.
Tax depreciation advantages for long-term financial benefits.
Demographics & Consumer Base
$156K average household income within a 3-mile radius; $121K within 1 mile.
Dense population of 212K residents within 3 miles, including young professionals, UCLA students, faculty, and nearby employees.
Major Retail Hub
Situated in a highly desirable retail corridor, surrounded by successful and well-established businesses.
Historical and future tenancy ensures long-term stability and growth potential.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?










