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Property profile & analytics
OFF-MARKET
Commercial real estate

973 Westlake Blvd Westlake Village, CA 91361

19,950 SF 3.21 ac lot Built 1974
Entity Owned 2-yr Hold
Property ID
US10-1423664
Property summary
AI-generated overview

This exceptional Westlake Village property, located at 973 S Westlake Blvd, offers 19,950 square feet of retail and restaurant space for lease. The property, situated on a prominent corner lot (3.21 acres) in Ventura County, boasts high visibility and convenient access to the Ventura Freeway (101), Westlake Boulevard, and Hampshire Road. Originally built in 1974 and extensively renovated in 2023, this Class B property features two buildings, each two stories high, providing a total of 9,000 square feet of vacant space, with lease options ranging from 1,500 to 9,000 square feet. The property includes approximately 5 parking spaces per 1000 square feet and is zoned C2. Surrounded by a thriving mix of office, industrial, and retail businesses, this location offers unparalleled convenience and exposure for businesses seeking a prime Westlake Village address. The recent renovations ensure a modern and inviting atmosphere, perfect for a variety of retail or restaurant concepts. The property's convenient location and ample parking make it an ideal choice for businesses seeking to establish a strong presence in this desirable area. The APN is 680-0-020-195. This is a single-tenancy property with no elevators.

Property profile
Verified
Property type Commercial real estate
Year built 1974
Total area 19,950 SF
Lot 3.21 ac (139,828 SF)
UPID US10-1423664
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Marcentro LLC · 2 yrs held
Marcentro LLC
since 2024
2 recorded transactions
2024
$2.6M
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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