1964 Westwood BlvdLos Angeles, CA 90025
- Office properties
- 60,948 SF
Property Details for 1964 Westwood Blvd
- Year built
- 1981
- Construction
- CONCRETE
- Lot size
- 0.45 AC
- Property size (Sq ft)
- 60,948 SF
- Zone code
- LAC4
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 4321-011-107
- APU
- 4321011107
Description
This exceptional 5,600 square foot single-tenant retail space, located at 1964 Westwood Boulevard in Los Angeles, California, presents a unique investment opportunity. Built in 1982, the property is situated in Los Angeles County, zip code 90025, and is currently entirely vacant, offering immediate occupancy for a discerning tenant. The property's classification includes both retail and restaurant uses, with a bar subtype designation, making it suitable for a diverse range of businesses. The building's substantial size provides ample space for a flagship location or a large-scale operation. Its Westwood Boulevard address places it within a vibrant and high-traffic area, ensuring excellent visibility and accessibility for customers. The property's location in Los Angeles offers access to a large and diverse consumer base. This is an exceptional chance to secure a prominent retail space in a prime Los Angeles location. The entire 5,600 square feet is available for lease, providing a blank canvas for a creative and successful business venture. Interested parties are encouraged to explore the potential of this remarkable property. The property's address is easily accessible via major transportation routes, further enhancing its appeal to potential tenants. This is a rare opportunity to establish a business in a highly desirable and well-established area of Los Angeles.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $14,899,261
- 6.5%
- $13,753,164
- 7%
- $12,770,795
-
Comparable approach
- Method
- Valuation
- Relative Method
- $11,572,212
- Geo Method
- $11,589,872
-
Alternative Use
- Use
- Valuation
- Residential
- $17,053,924
- Hospitality
- $15,621,302
- Educational
- $12,996,740
- Medical
- $13,443,718
- Retail
- $20,217,152
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0474
- Longitude
- -118.434
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at support@realmo.com and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.