Westwood Office Building with
1018-1024 Westwood Blvd Los Angeles, CA
For Sale
Contact for pricing
Two-story office building featuring a grand atrium and modern finishes.
Property Size18,522 SF
Lot Size0.19 Acres
Price / SF$809.58
Days on Market325
Property Features for 1018-1024 Westwood Blvd
General Information
- Standard status
- Active
- Size
- 18,522 SF
- Lot size
- 0.19 Acres
- Property subtype
- OFFICE
Listing Agency:
WESTMAC Commercial Brokerage Company
(310) 966-4352
Listed By:
T.C. Macker · License #CA 01232033
Source:
Moodyscre
Added: Sep 5, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WESTMAC Commercial Brokerage Company
Investment Insights
Based on property information with market context.
This two-story office building features a grand atrium with a dramatic circular skylight and high ceilings. The property includes modern finishes such as stone and wood flooring, glass-partitioned meeting rooms and labs, and open lounge areas. The basement has been previously configured for laboratory use. Five parking spaces are available at the rear of the building. The property contains 18,522 square feet.
Key Highlights
- Grand atrium with dramatic circular skylight.
- Modern finishes including stone and wood flooring.
- High ceilings.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $720.1k | $38.88 |
| − Vacancy | −$133.9k | −$7.23 |
| EGI | $586.2k | $31.65 |
| − OpEx | −$146.5k | −$7.91 |
| NOI | $439.6k | $23.74 |
18,522 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.28M
$5.50M – $7.33M
NOI $439,643 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$375.24M
$328.34M – $437.79M
NOI $26,267,122 @ 7.0% cap · market cap 175.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Two-story office building featuring a grand atrium and modern finishes.
Where is this office building located?
The property is located at 1018-1024 Westwood Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $14,995,000.
What are key features of this property?
This property features: Grand atrium with dramatic circular skylight.; Modern finishes including stone and wood flooring.; High ceilings.
