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29423857
29423858

2245 Westwood Blvd, Los Angeles, CA 90064

CR
02178627
Charlie Rosenberg
Major Properties
Listed by Charlie Rosenberg, Major Properties
$3,650,000
132 days on market
Updated 5 days ago

Westwood Blvd Retail/Residential Opportunity

Details
APN 4322-002-017
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 4,600
Units 6
Occupancy 83%
Price per SqFt $793
Year Built 1940
Year Renovated 2017
Buildings 2
Stories 2
Lot Size (SqFt) 5,400
Zoning LAC4
Parking Spaces 10 spaces
Parking Per SqFt 2.17

Mixed Use | 4,600 SqFt

Marketing description

Situated along prime Westwood Boulevard just south of Olympic Boulevard, this exceptional mixed-use property offers a rare blend of high-visibility retail and desirable residential income in one of Los Angeles’ most dynamic corridors. The property features a one-story retail structure with two storefronts fronting Westwood Blvd, complemented by a two-story rear building comprising four apartment units, supported by convenient rear tandem parking for ten vehicles. Renovated in 2017 and maintained in excellent condition, the asset benefits from heavy daily traffic counts of approximately 56,640 vehicles on Olympic Blvd and 26,706 vehicles on Westwood Blvd, ensuring strong retail exposure. Ideally positioned adjacent to Century City, Brentwood, and Santa Monica, Zoned LAC4 and identified by APN 4322-002-017, this offering presents a compelling owner-user purchase opportunity in a premier Westside location. Note: Buyer should independently verify zoning, as it was previously zoned as apartment and is now zoned as office.

Investment highlights

The property is currently stabilized with two occupied retail units and three occupied apartment units (one unit vacant), generating an actual gross monthly income of $16,700 with upside to a pro forma gross monthly income of $19,100.

Listing Contacts

CR
02178627
Charlie Rosenberg
Major Properties
Listed by Charlie Rosenberg, Major Properties

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