Jewel-Box Office Building
2365 Westwood Boulevard Los Angeles, CA 90064
2365 Westwood Boulevard, Los Angeles, CA, 90064
$2,995,000
For Sale
$2,995,000
Commercially zoned office property offered for sale, family owned and operated, with some rehab and buyer-responsible retrofit considerations.
Property Size5,176 SF
Price / SF$578.63
Days on Market1111
Property Features for 2365 Westwood Boulevard
General Information
- Standard status
- Active
- Size
- 5,176 SF
Building Details
- Year Built
- 1961
Listing agency
Douglas Elliman Commercial
(424) 263-9131
Listed by
Jason Froehlich · License #01009977
(424) 263-9131
Source
Compass
Added: Jul 7, 2023 Updated: Jul 21 at 12:14AM Checked: Jul 21 at 8:26AM
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 Douglas Elliman Commercial
Investment Insights
Based on property information with market context.
First time on the market in several decades, this family owned and operated office building offers a “jewel-box” character and is commercially zoned. The property is being presented as an existing office with some rehab needs, with any soft story retrofit (if required) to be handled by the buyer.
Located at 2365 Westwood Boulevard on Los Angeles’ Westside, the offering is framed as a centrally situated commercial asset. The seller notes the possibility of development potential; however, the buyer is instructed to rely solely on their own investigation regarding any future development opportunities.
Prospective buyers should plan to evaluate the property through their own due diligence, particularly around rehabilitation scope and any structural retrofit requirements.
Located at 2365 Westwood Boulevard on Los Angeles’ Westside, the offering is framed as a centrally situated commercial asset. The seller notes the possibility of development potential; however, the buyer is instructed to rely solely on their own investigation regarding any future development opportunities.
Prospective buyers should plan to evaluate the property through their own due diligence, particularly around rehabilitation scope and any structural retrofit requirements.
Key Highlights
- Commercially zoned office property for sale; family owned and operated
- Year built: 1961
- Some rehab may be needed for the office space (buyer should verify scope)
Local 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 | $201.2k | $38.88 |
| − Vacancy | −$37.4k | −$7.23 |
| EGI | $163.8k | $31.65 |
| − OpEx | −$41.0k | −$7.91 |
| NOI | $122.9k | $23.74 |
5,176 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $122,859 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$104.86M
$91.75M – $122.34M
NOI $7,340,386 @ 7.0% cap · market cap 245.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Daniel Pearl Foundation
Charitable Organization
Aggregate Construction Group
Construction Company
Grassroots Campaigns - GCI
Association Or Organization
Felix Shalom E. A.
Accounting Firm
Help-U-Sell Westside Realty
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Commercially zoned office property offered for sale, family owned and operated, with some rehab and buyer-responsible retrofit considerations.
Where is this office building located?
The property is located at 2365 Westwood Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Commercially zoned office property for sale; family owned and operated; Year built: 1961; Some rehab may be needed for the office space (buyer should verify scope)
