Westwood Office Building with
For Sale
Contact for pricing
1018-1024 Westwood Blvd, Los Angeles, CA
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 Market415
Property Features for 1018-1024 Westwood Blvd
General Information
Standard status
Active
Size
18,522 SF
Lot size
0.19 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Westwood
Listing Agency:
WESTMAC Commercial Brokerage Company
(310) 478-7700
Listed By:
T.C. Macker · License #CA 01232033
(310) 966-4352
Source:
Moodyscre
Added: Sep 5, 2025
Changed: Oct 16
Last Checked: Oct 23 at 10:28AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$439,643
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,792,860
$8.8M
Cap Rate 7%
$6,280,614
$6.3M
Cap Rate 9%
$4,884,922
$4.9M
Market Conditions
NOI Build-Up for 18,522 SF
Gross rent
$720.1K $38.88/SF
− Vacancy
−$133.9K −$7.23/SF
EGI
$586.2K $31.65/SF
− OpEx
−$146.5K −$7.91/SF
NOI
$439.6K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,792,860
Cap Rate 7%
$6,280,614
Cap Rate 9%
$4,884,922
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,819
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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.
