Westwood Boulevard Mixed-Use
For Sale
Contact for pricing
2245 Westwood Blvd, Los Angeles, CA 90064
Mixed-use property with retail and residential units in prime location.
Property Size4,600 SF
Price / SF$760.65
Days on Market195
Property Features for 2245 Westwood Blvd
General Information
Standard status
Active
Size
4,600 SF
Total Parking Spaces
10
Property subtype
Mixed Use, Retail, Multifamily
Zoning
LA C4
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$233,460
Building Details
Year Built
1940
Year Renovated
2017
Buildings
2
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Charlie Rosenberg
(310) 999-9437
Listed By:
Daniel Moussazadeh · License #02178627
Source:
Crexi
Added: Jan 27
Changed: Aug 7
Last Checked: Aug 9 at 3:21PM
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 Charlie Rosenberg
Investment Insights
Based on property information with market context.
Located on Westwood Boulevard, south of Olympic Boulevard, this mixed-use property features a one-story retail structure with two storefronts facing Westwood Boulevard. A two-story rear building contains four residential units. There is rear tandem parking available for ten vehicles. The property was renovated in 2017 and is in excellent condition. The location benefits from traffic counts of approximately 56,640 vehicles on Olympic Boulevard and 26,706 vehicles on Westwood Boulevard. The property is adjacent to Century City, Brentwood, and Santa Monica. The property is zoned LAC4 and identified by APN 4322-002-017. The property size is 4,600 square feet.
Key Highlights
- Prime Westwood Boulevard location, south of Olympic Boulevard.
- Mixed‑use property with high‑visibility retail storefronts and residential income units.
- Strong retail exposure with high daily traffic counts.
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
$106,753
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
3.05%
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%
$2,135,060
$2.1M
Cap Rate 7%
$1,525,043
$1.5M
Cap Rate 9%
$1,186,144
$1.2M
Market Conditions
NOI Build-Up for 4,600 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
$170.0K $36.96/SF
− Vacancy
−$17.5K −$3.81/SF
EGI
$152.5K $33.15/SF
− OpEx
−$45.8K −$9.95/SF
NOI
$106.8K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,135,060
Cap Rate 7%
$1,525,043
Cap Rate 9%
$1,186,144
Alternative Uses
Best Use
Multifamily LT 5
$93.19M
$81.54M – $108.73M
NOI $6,523,527 @ 7.0% cap · market cap 186.44%
Second Best
Apartment 5plus
$81.32M
$71.16M – $94.88M
NOI $5,692,749 @ 7.0% cap · market cap 162.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 90064, CA
27,553
Population
12,897
Households
2.1
Avg Household Size
40
Median Age
71%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
7,447
Density / Sq Mi
$129,703
Median Household Income
$84,766
Median Earnings
$2,710
Median Rent
$1,746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in prime location.
Where is this mixed-use property located?
The property is located at 2245 Westwood Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Prime Westwood Boulevard location, south of Olympic Boulevard.; Mixed‑use property with high‑visibility retail storefronts and residential income units.; Strong retail exposure with high daily traffic counts.
