Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1278 Westwood Blvd Los Angeles, CA 90024-4801

    Property Lookup

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

    1278 Westwood Blvd Los Angeles, CA 90024-4801

    View on Map
    • Retail space
    • 3,114 SF
    • 0.19 lot acres
    Off-Market
    Last Sale Feb 18, 2020
    $3,000,000
    Property ID
    US09-7494509
    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.
    Value Estimations
    $2,960,000
    Show details
    Cap Rate Potential
    2.5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Value Vet Inc. / Veterinary Clinic
    • Dr. Jeff Werber / Veterinary Clinic
    • Encore Autoclave / Hardware & Home Improvement / General Contractor

    Property Details for 1278 Westwood Blvd

    Year built
    1947
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    3,114 SF
    Zone code
    LAC4
    Property type
    Retail space
    APN
    4325-005-025
    APU
    4325005025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,925,000
      ML approach
      $2,920,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,124,000
      Market price range: $608k - $2.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.443
    Latitude
    34.0575
    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
    $41,667
    $2,844,572
    $568,914
    $3,413,486
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      10965 Weyburn Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      10965 Weyburn Ave, Los Angeles, CA 90024-2811
      View Details
    • Value Estimation
      $1,000,000
      6,212 SF

      950 Gayley Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,212 SF
      950 Gayley Ave, Los Angeles, CA 90024-2806
      View Details
    • Value Estimation
      $975,000
      3,564 SF

      1060 Westwood Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,564 SF
      1060 Westwood Blvd, Los Angeles, CA 90024-2903
      View Details
    • Value Estimation
      $750,000
      3,080 SF

      1447 Westwood Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,080 SF
      1447 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • Value Estimation
      $840,000
      3,400 SF

      1124 Westwood Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      1124 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • Value Estimation
      $675,000
      2,000 SF

      1400 Westwood Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      1400 Westwood Blvd, Los Angeles, CA 90024-4912
      View Details

    Similar Nearby for Sale

    • $1,175,000

      Remodeled Apartment in Westwood

      Spacious apartment near Century City, Santa Monica, and UCLA.
      1657 Malcolm Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing

      Westwood Boulevard Commercial Assets For Sale

      Two commercial properties in high-demand Westwood Boulevard corridor, Los Angeles.
      1625 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • $2,150,000
      4,095 SF

      Folk Victorian Fourplex Near UCLA

      Fourplex with unique architectural details and income potential.
      10481 Eastborne Ave, Los Angeles, CA 90024
      View Details
    • $2,195,000

      Multifamily Property with Five Units

      Multifamily property featuring five units, offered for sale.
      10361 Ashton Ave, Los Angeles, CA 90024
      View Details
    • $1,950,000

      Westwood Triplex with 1930s Charm

      Classic triplex in prime Westwood location near UCLA.
      10743-47 Ohio Ave, Los Angeles, CA 90024
      View Details
    • New
      $5,350,000
      Pending

      Westwood Multifamily Investment Opportunity

      Exceptional 12-unit apartment building in prime Westside location.
      1630 Hilts Ave, Los Angeles, CA 90024
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • $3 SF/Yr

      Westwood Blvd Retail Space

      Retail space ideal for take-out uses with great exposure.
      1265 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • Contact for pricing
      7,555 SF

      New Retail Space with Patio

      Newly constructed retail space with outdoor patio in Los Angeles.
      10850 Lindbrook Dr, Los Angeles, CA 90024
      View Details
    • Contact for pricing
      2,210 SF

      Westwood Retail Space Available

      Retail space available for rent in Westwood, Los Angeles.
      1045-1051 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • Contact for pricing

      Creative Office in Westwood Village

      Freestanding creative office building near UCLA with ample parking.
      900 Hilgard Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing

      Prime Westwood Village Retail Space

      Rare leasing opportunity in the heart of Westwood Village.
      10930 Weyburn 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.
    1278 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.
    Sign Up Successful!
    You now have access to more from Realmo!