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

    1460 Westwood Blvd Los Angeles, CA 90024-4975

    • Community centers
    • 16,604 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2023
    $10,670,106
    Value Estimations
    $9,780,000
    Show details
    Cap Rate Potential
    4.8%
    Community centers
    Location Intelligence
    Property ID
    US09-6522492
    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

    • State Farm Insurance / Insurance Agency
    • American Property Management / Property Management Company
    • David Bibiyan - Employment Law Attorney / Law Firm
    • DollarFlash / Bank / Credit Union
    • Edward Mizrahi, American Realty Group, Inc. / Real Estate Agency

    Property Details for 1460 Westwood Blvd

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    0.26 lot acres
    Property size
    16,604 SF
    Zone code
    LAC4
    Property type
    Community centers
    APN
    4325-019-024
    APU
    4325019024

    Description

    This exceptional 5,796 square foot commercial property at 1460 Westwood Blvd in Los Angeles, CA 9024, offers a unique opportunity for multiple tenants. Located in Los Angeles County, this property boasts a prime corner location and is currently fully vacant, allowing for immediate occupancy. The space is adaptable to various uses, including retail, medical office, and creative office spaces, thanks to its versatile design and high-end finishes. The building features impressive 20-foot ceilings, adding to its spacious and modern feel. Individual spaces range from a minimum of 986 square feet to a maximum contiguous space of 4,810 square feet, providing flexibility for businesses of different sizes. Ample parking is available on-site. The property's classification includes retail, office, medical office, creative office, and strip center subtypes. This turnkey space is ready for immediate use, presenting a rare chance to establish a presence in a highly desirable Westwood location. The building's recent build-out ensures modern amenities and a sophisticated aesthetic.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,425,000
      ML approach
      $8,350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,495,000
      6.5%
      $6,920,000
      7%
      $6,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,087,000
      Market price range: $3.00M - $12.1M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $7,030,000
      Current use
      RESTAURANT
      $13,655,000
      Change: +94% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,025,000
      Change: +28% Conversion: Difficult
      OFFICE BUILDING
      $8,335,000
      Change: +19% Conversion: Moderate
      MEDICAL BUILDING
      $7,565,000
      Change: +8% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,920,000
      Change: -2% Conversion: Difficult
      RETAIL STORES
      $6,815,000
      Change: -3% 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
    -118.441
    Latitude
    34.0544
    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
    $132,530
    $9,180,000
    $1,703,400
    $10,883,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $13,670,000
      44,811 SF

      1350 Westwood Blvd

      MINI-MALL • 44,811 SF
      1350 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • Value Estimation
      $6,345,000
      193,648 SF

      10861 Weyburn Ave

      MINI-MALL • 193,648 SF
      10861 Weyburn Ave, Los Angeles, CA 90024-2957
      View Details
    • Value Estimation by Request
      58,180 SF

      1101-1149 Westwood Blvd

      Lifestyle centers • 58,180 SF
      1101-1149 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • Value Estimation
      $3,445,000
      16,267 SF

      1142 Westwood Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 16,267 SF
      1142 Westwood Blvd, Los Angeles, CA 90024-3412
      View Details
    • Value Estimation
      $545,000
      17,853 SF

      959 Broxton Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 17,853 SF
      959 Broxton Ave, Los Angeles, CA 90024
      View Details
    • Value Estimation by Request
      2,964 SF

      1072 Westwood Blvd

      FINANCIAL BUILDING • 2,964 SF
      1072 Westwood Blvd, Los Angeles, CA 90024-2903
      View Details

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      Gated community condo with open floor plan near UCLA.
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      Classic triplex in prime Westwood location near UCLA.
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    Similar Nearby for Lease

    • $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
    • $54 SF/Yr
      16,984 SF

      Westwood Village Office Space

      Prime Westwood location, 3 suites available.
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      View Details
    • Contact for pricing
      15,035 SF

      Westwood Village Retail Gem

      Iconic Westwood location, prime retail/restaurant space.
      10930 Weyburn Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing
      471 SF

      Westwood Blvd Retail Spaces

      Prime Los Angeles Retail, Two Suites Available
      1138 Westwood Blvd, Los Angeles, CA 90024
      View Details
    • $3 SF/Yr
      1,400 SF

      Westwood Blvd Retail Space

      Retail space ideal for take-out uses with great exposure.
      1265 Westwood 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
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    1460 Westwood Blvd
    Los Angeles, CA 90024-4975
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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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