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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1244 Westwood Blvd Los Angeles, CA 90024-4801

    • Investment properties
    • 11,600 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $2,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7707757
    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

    • Poke Me / Bar & Pub

    Property Details for 1244 Westwood Blvd

    Construction
    TILT-UP CONCRETE
    Lot size
    0.34 lot acres
    Property size
    11,600 SF
    Zone code
    LAC4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4325-005-022
    APU
    4325005022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,475,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.443
    Latitude
    34.0579
    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
    $71,405
    $3,416,461
    $2,391,520
    $5,807,981
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,245,000
      9,532 SF

      1550 Westwood Blvd

      STORE/OFFICE (MIXED USE) • 9,532 SF
      1550 Westwood Blvd, Los Angeles, CA 90024-5602
      View Details
    • Value Estimation
      $4,990,000
      23,340 SF

      1001 Gayley Ave

      STORE/OFFICE (MIXED USE) • 23,340 SF
      1001 Gayley Ave, Los Angeles, CA 90024-3432
      View Details
    • Value Estimation
      $3,305,000
      7,530 SF

      1386 Westwood Blvd

      STORE/OFFICE (MIXED USE) • 7,530 SF
      1386 Westwood Blvd, Los Angeles, CA 90024-4980
      View Details
    • Value Estimation
      $1,200,000
      7,520 SF

      1067 Gayley Ave

      STORE/OFFICE (MIXED USE) • 7,520 SF
      1067 Gayley Ave, Los Angeles, CA 90024-3401
      View Details
    • Value Estimation
      $870,000
      4,141 SF

      1269 Westwood Blvd

      STORE/OFFICE (MIXED USE) • 4,141 SF
      1269 Westwood Blvd, Los Angeles, CA 90024-4811
      View Details
    • Value Estimation
      $1,780,000
      14,122 SF

      1091 Broxton Ave

      STORE/OFFICE (MIXED USE) • 14,122 SF
      1091 Broxton Ave, Los Angeles, CA 90024-2803
      View Details

    Similar Nearby for Sale

    • $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
    • $940,000

      Westwood Condo with Open Layout

      Spacious 2-bedroom condo in prime Westwood location.
      10511 Ashton Ave, Los Angeles, CA 90024
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • $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

      Westwood Blvd Leased Office Building

      Office building in Los Angeles, currently 100% leased.
      1626 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • $4 SF/Yr
      2,580 SF

      High-End Salon Space Available

      Retail space suitable for a high-end hair salon.
      1061-1065 Broxton Ave, 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.
    1244 Westwood Blvd
    Los Angeles, CA 90024-4801
    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.