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    2313 Westwood Blvd West Los Angeles, CA 90064

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    For Lease
    Contact for pricing

    RETAIL OFFICE SPACE FOR LEASE AT 2313 WESTWOOD BLVD LA 90064

    Property Features for 2313 Westwood Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    Class
    A
    Total Parking Spaces
    2
    Elevators
    No

    Amenities

    Building Details

    Year Built/Renovated
    1986/2025
    Buildings
    2
    Stories
    1

    Overview

    Remodeled Retail/Office Space Available

    Located on Westwood Blvd between Olympic and Pico Blvd, this retail/office space offers approximately 1,680 square feet. The recently remodeled unit features new paint, wood flooring, a new handicap bathroom, new ceiling, and new doors. The renovation cost $65,000. It is a storefront building and move-in ready. Gated parking and front parking are available. Signage options include a street sign and potential billboard signage. The storefront includes a glass window/showroom. The unit is equipped with air conditioning, heating, and new lighting. High ceilings enhance the space. The location offers great signage visibility on Westwood Blvd. It is close to Starbucks, Bristol Farms, Sprouts, 99 Ranch Market, and numerous cafes and restaurants. The property is in close proximity to Beverly Hills, Century City, Santa Monica, and UCLA, benefiting from high traffic. It is also near the 405 Freeway. The location is surrounded by many restaurants, including Rabbi's Daughter, Maria's Italian Kitchen, Gyu-kaku, Poquito Mas, Big Chill, Starbucks, Panda Express, California Chicken Cafe, Tacos Tu Madre, The Room Sushi, and Apple Pan. This space is ideal for a spa, coffee shop, or any retail/office use. Prior uses include a spa, salon, yoga studio, massage center, chiropractic office, herbal shop, and facial spa.

    Learn more

    Property Insight Report
    Location Intelligence

    Current Use by Public Records

    Melissa Block Alternative Medicine Practice ME Beauty Spa ... Spa & Massage Center AcuLibrium Acupuncture Alternative Medicine Practice Natures Harvest Alliance ... Association Or Organization L A US Dcds ... High School

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Los Angeles
    State
    California
    Longitude
    -118.428823
    Latitude
    34.0405061

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    FAQs

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    Retail property - RETAIL OFFICE SPACE FOR LEASE AT 2313 WESTWOOD BLVD LA 90064
    Where is this retail property located?
    The property is located at 2313 Westwood Blvd West Los Angeles, CA.
    What are key features of this property?
    This property features:
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2313 Westwood Blvd West Los Angeles, CA 90064
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