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

    1386 Westwood Blvd Los Angeles, CA 90024-4980

    • Investment properties
    • 7,530 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Feb 16, 2025
    Value Estimations
    $3,305,000
    Show details
    Cap Rate Potential
    3.8%
    Investment properties
    Location Intelligence
    Property ID
    US09-7496934
    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

    • La Table de Sophie / Bar & Pub
    • Le Bar de Simon / Bar & Pub

    Property Details for 1386 Westwood Blvd

    Year built
    1931
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    7,530 SF
    Zone code
    LAC4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4325-016-005
    APU
    4325016005

    Description

    This exceptional 2,231 square foot retail space, currently entirely vacant, presents a unique opportunity in the heart of Los Angeles' Westwood neighborhood. The property, located at 1386 Westwood Boulevard, boasts a highly desirable location at the signalized intersection of Westwood Boulevard and Wilkins Avenue, experiencing approximately 35,000 cars per day. This ensures exceptional visibility and accessibility for any business. The space is categorized as both retail and office, offering flexibility for a variety of uses. One unit of 710 square feet is immediately available on the second floor. The property benefits from its proximity to Westwood Village, Westfield Century City, UCLA, and the 405 Freeway, providing convenient access to a large and diverse customer base. The area is characterized by strong foot and automotive traffic, and a densely populated, affluent demographic, making it an ideal location for businesses seeking high visibility and a strong customer base. The building's total square footage is 2,231 square feet, all of which is currently available for lease. This presents a rare opportunity to secure a significant presence in a highly sought-after area of Los Angeles. The property is situated in Los Angeles, California, zip code 90024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,005,000
      ML approach
      $3,795,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,540,000
      6.5%
      $2,345,000
      7%
      $2,180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,081,000
      Market price range: $963k - $3.79M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,255,000
      Current use
      AUTO REPAIR, GARAGE
      $4,095,000
      Change: +81% Conversion: Difficult
      OFFICE BUILDING
      $3,780,000
      Change: +68% Conversion: Easy
      MEDICAL BUILDING
      $3,430,000
      Change: +52% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,190,000
      Change: +41% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,135,000
      Change: +39% Conversion: Moderate
      RETAIL STORES
      $3,090,000
      Change: +37% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.442
    Latitude
    34.0556
    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
    $47,754
    $3,000,000
    $900,000
    $3,900,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,920,000
      11,276 SF

      1090 Westwood Blvd

      STORE/OFFICE (MIXED USE) • 11,276 SF
      1090 Westwood Blvd, Los Angeles, CA 90024-2903
      View Details
    • Value Estimation
      $2,085,000
      11,256 SF

      1261 Westwood Blvd

      STORE/OFFICE (MIXED USE) • 11,256 SF
      1261 Westwood Blvd, Los Angeles, CA 90024-4811
      View Details
    • Value Estimation
      $2,355,000
      11,600 SF

      1244 Westwood Blvd

      STORE/OFFICE (MIXED USE) • 11,600 SF
      1244 Westwood Blvd, Los Angeles, CA 90024-4801
      View Details
    • Value Estimation
      $645,000
      4,085 SF

      1775 Westwood Blvd

      STORE/OFFICE (MIXED USE) • 4,085 SF
      1775 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • Value Estimation
      $2,580,000
      12,355 SF

      1085 Gayley Ave

      STORE/OFFICE (MIXED USE) • 12,355 SF
      1085 Gayley Ave, Los Angeles, CA 90024-3401
      View Details
    • Value Estimation by Request
      13,825 SF

      1351 Westwood Blvd

      STORE/OFFICE (MIXED USE) • 13,825 SF
      1351 Westwood Blvd, Los Angeles, CA 90024-4940
      View Details

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    Similar Nearby for Lease

    • $54 SF/Yr
      3,300 SF

      Westwood Village Medical Offices

      Prime Los Angeles medical suites available.
      1015 Gayley Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing
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      Westwood Blvd Retail Spaces

      Prime Los Angeles Retail, Two Suites Available
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      View Details
    • $4,000 /Mo
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      Luxury Condo in Westwood High-Rise

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      View Details
    • $3 SF/Yr
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      Westwood Blvd Retail Space

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    • $5 SF/Yr
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      Wilshire Blvd Medical Office Space

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      Oppenheimer Tower Office Suites

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      View Details
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    1386 Westwood Blvd
    Los Angeles, CA 90024-4980
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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
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