Two-Story Mixed-Use
New
For Sale
Contact for pricing
1386-1388 Westwood Blvd, Los Angeles, CA 90024
The property combines restaurant, salon, and professional office tenancy within a two-story commercial building.
Property Size7,530 SF
Lot Size0.15 Acres
Price / SF$630.15
Days on Market5
Property Features for 1386-1388 Westwood Blvd
General Information
Standard status
Active
Size
7,530 SF
Lot size
0.15 Acres
Property subtype
Mixed Use
Amenities
open-air courtyard
Building Details
Buildings
1
Stories
2
Building Size
7,530 SF
Tenancy
Multi
Listing Agency:
Kidder Mathews
Listed By:
Ryan Sharpe · License #CA 01940376
(310) 893-3397
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 12 at 2:46PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
Attari Plaza is a two-story mixed-use asset containing approximately 7,530 SF on an approximately 6,650 SF lot. The building includes about 3,715 SF of restaurant area with an open-air courtyard and approximately 4,022 SF of office space. Eight tenants occupy the property, including two restaurants, a salon, and professional office users.
Located at 1386-1388 Westwood Blvd in Los Angeles, the property sits in Persian Square, a retail and dining corridor. Its combination of food-service, office, and personal-service occupancy creates a varied commercial configuration within one building.
Located at 1386-1388 Westwood Blvd in Los Angeles, the property sits in Persian Square, a retail and dining corridor. Its combination of food-service, office, and personal-service occupancy creates a varied commercial configuration within one building.
Key Highlights
- Approximately 7,530 SF two‑story mixed‑use building
- Approximately 6,650 SF lot
- Approximately 3,715 SF of restaurant space with an open‑air courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$203,931
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,078,620
$4.1M
Cap Rate 7%
$2,913,300
$2.9M
Cap Rate 9%
$2,265,900
$2.3M
Market Conditions
NOI Build-Up for 7,530 SF
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.
Gross rent
$278.3K $36.96/SF
− Vacancy
−$6.4K −$0.85/SF
EGI
$271.9K $36.11/SF
− OpEx
−$68.0K −$9.03/SF
NOI
$203.9K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,078,620
Cap Rate 7%
$2,913,300
Cap Rate 9%
$2,265,900
Alternative Uses
Best Use
Specialty Retail
$2.91M
$2.55M – $3.40M
NOI $203,931 @ 7.0% cap · market cap 4.30%
Second Best
Office B
$2.55M
$2.23M – $2.98M
NOI $178,734 @ 7.0% cap · market cap 3.77%
Theoretical Best
Multifamily LT 5
$152.55M
$133.48M – $177.98M
NOI $10,678,730 @ 7.0% cap · market cap 225.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,993
Businesses Nearby
Explore this area
Business Placement
Demographics for 90024, CA
52,862
Population
20,304
Households
2.6
Avg Household Size
27
Median Age
74%
College-Educated
96%
High-School Grad
3.0 sq mi
ZIP Area
17,621
Density / Sq Mi
$79,994
Median Household Income
$16,453
Median Earnings
$2,666
Median Rent
$1,434,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines restaurant, salon, and professional office tenancy within a two-story commercial building.
Where is this mixed-use property located?
The property is located at 1386-1388 Westwood Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,745,000.
What are key features of this property?
This property features: Approximately 7,530 SF two‑story mixed‑use building; Approximately 6,650 SF lot; Approximately 3,715 SF of restaurant space with an open‑air courtyard
