Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1642 Westwood Blvd Los Angeles, CA 90024-5643

    • Office buildings
    • 12,584 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6340608
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Katie Beth Murphy / Sewing Machine Repair Service
    • Beverly Hills Chairs / Furniture Store
    • 1642 Westwood blvd. los angeles, california / Construction Company
    • The Veloz Group / Corporate Office
    • Debt Release Law Center / Lawyer

    Property Details for 1642 Westwood Blvd

    Year built
    1983
    Construction
    TILT-UP CONCRETE
    Lot size
    0.13 lot acres
    Property size
    12,584 SF
    Zone code
    LAC4
    Property type
    Office buildings
    APN
    4325-021-005
    APU
    4325021005

    Description

    This exceptional three-story creative office building, located at 1642 Westwood Boulevard in Los Angeles, CA 90024, presents a unique owner-user or investment opportunity. Boasting 13,481 square feet on a 5,501 square foot lot, this Class B property offers ample space for a variety of uses. Built in 1983, the building features a multi-tenant configuration with current month-to-month leases, allowing for flexibility. The property includes 2.5 parking spaces per 1,000 square feet, distributed across two levels with separate alleyway entry/exit. Recent upgrades include a complete LED lighting conversion in 2020, enhancing energy efficiency. The building also benefits from several outdoor decks offering city views and security cameras throughout. Situated in the heart of Westwood, this property enjoys unparalleled access to amenities, including UCLA, Westwood Village, Century City, and Brentwood, with excellent freeway access via the 405 and 10 freeways. Additional income is generated from existing cellular equipment on the roof, leased to two separate tenants. The property is zoned LAC4 and has been under the same ownership since 2003. This presents a rare chance to acquire a well-maintained building with strong potential for either full or partial owner-occupancy, or as a fully vacant investment property. The asking price is $7,995,000 ($593.06 per square foot). Buyer to verify square footage. A video tour is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $568,000
      Market price range: $55.9k - $1.51M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.439
    Latitude
    34.0523
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $48,126
    $1,951,478
    $1,951,478
    $3,902,956
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $325,000
      305,260 SF

      1100 Glendon Ave

      OFFICE BUILDING (MULTI-STORY) • 305,260 SF
      1100 Glendon Ave, Los Angeles, CA 90024-3503
      View Details
    • Value Estimation
      $345,000
      2,660 SF

      1618 Westwood Blvd

      PROFESSIONAL BUILDING • 2,660 SF
      1618 Westwood Blvd, Los Angeles, CA 90024-5604
      View Details
    • Value Estimation
      $380,000
      3,150 SF

      1740 Westwood Blvd

      OFFICE BUILDING • 3,150 SF
      1740 Westwood Blvd, Los Angeles, CA 90024-5608
      View Details
    • Value Estimation
      $485,000
      12,224 SF

      633 Gayley Ave

      OFFICE BUILDING • 12,224 SF
      633 Gayley Ave, Los Angeles, CA 90024-2409
      View Details
    • Value Estimation
      $480,000
      11,531 SF

      10841 Lindbrook Dr

      OFFICE BUILDING • 11,531 SF
      10841 Lindbrook Dr, Los Angeles, CA 90024
      View Details
    • Value Estimation
      $420,000
      6,912 SF

      1722 Westwood Blvd Ste, Unit 105

      OFFICE BUILDING • 6,912 SF
      1722 Westwood Blvd Ste, Los Angeles, CA 90024-5638
      View Details

    Similar Nearby for Sale

    • $14,995,000
      18,522 SF

      Westwood Office Building with Atrium

      Two-story office building featuring a grand atrium and modern finishes.
      1018-1024 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • $1,890,000
      2,641 SF

      Westwood Penthouse with Century City Views

      Refined penthouse in Westwood with spacious layout and city views.
      10611 Ashton Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing
      7 SF

      Westwood Boulevard Theater For Sale

      Single-screen movie theater near UCLA with high traffic location.
      1262 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • $2,395,000

      Ohio Avenue Specialty Property

      Specialty property available for sale in Los Angeles.
      10745 Ohio Ave, Los Angeles, CA 90024
      View Details
    • $5,195,000

      Land for Sale

      Land available for sale.
      453 Dalehurst Ave, Los Angeles, CA 90024
      View Details
    • $2,800,000

      Veteran Avenue Commercial Property

      Commercial property for sale on Veteran Avenue, Los Angeles.
      1541 Veteran Ave, Los Angeles, CA 90024
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,920 SF

      Westwood Office Building Near UCLA

      Office building in prime Westwood location, ideal for single tenant.
      911 Broxton Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing

      Westwood Blvd Leased Office Building

      Office building in Los Angeles, currently 100% leased.
      1626 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • $22 SF/Yr
      12,477 SF

      Oppenheimer Tower Office Suites

      Westwood's Premier Office Space
      10880 Wilshire Blvd, Los Angeles, CA 90024
      View Details
    • $5 SF/Yr
      154,196 SF

      Wilshire Blvd Medical Office Space

      Prime LA medical office, 35,660 SF vacant.
      10921 Wilshire Blvd, Los Angeles, CA 90024
      View Details
    • $4 SF/Yr
      5,307 SF

      Creative/Medical Office Near UCLA

      Freestanding building suitable for medical, creative office, or retail.
      1057 Gayley Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing
      5,095 SF

      Westwood Boulevard Office Space

      Office space available at 1140 Westwood Boulevard, Los Angeles.
      1140 Westwood Blvd, Los Angeles, CA 90024
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1642 Westwood Blvd
    Los Angeles, CA 90024-5643
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.