2245-2251 Westwood Blvd - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90064- West Los Angeles
$3,740,000 USD
415-378-5464
2245-2251 Westwood Blvd, Los Angeles, CA for Sale
$3,740,000 USD
Storefront Retail/Residential - FOR SALE
1/26
null | 5.35% Cap Rate

2245-2251 Westwood Blvd
Los Angeles, CA 90064
West Los Angeles


HIGHLIGHTS

  • Adjacent to Starbucks, Chase Bank Jersey Mike’s, and Poquito Mas—providing built-in traffic and visibility
  • One block from UCLA’s $500,000,000 investment into a new 700,000 SF science research park in the former Westside Pavilion
  • Excellent exposure from the signalized intersection at Olympic Blvd & Westwood Blvd.
  • Two retail tenants with no further lease options post-2029, creating potential for releasing at higher market rents
  • 4 Office Units all tenants on month-to-month agreements
  • Only 0.7 miles (3-minute drive or 10-minute walk) to Westwood Village

OVERVIEW

Maher Commercial Realty presents a unique mixed-use investment opportunity in the heart of Westwood’s bustling commercial corridor. Located just one block from the new 700,000 SF UCLA Science Research Park, this 4,400 SF property benefits from exceptional visibility at the high-traffic intersection of Olympic Blvd and Westwood Blvd and is shadow anchored by a vibrant shopping center featuring Starbucks, Chase Bank, Jersey Mike’s, and Poquito Mas. The site features two separate structures comprising two retail units (±950 SF each) and four office units, currently generating $18,871/month in gross rent. With long-term stable tenants in place, the property sits on a 5,405 SF lot (0.12 AC) zoned LAC4, offering flexibility for continued retail and office use or future redevelopment in one of Los Angeles’ most desirable submarkets. With direct Westwood Boulevard frontage, the location boasts a Walk Score of 90+ and is just five minutes from UCLA, ensuring consistent foot traffic. The property also includes 10 parking spaces—five standard and five tandem—and is anchored by long-term, stable tenants.

FOR SALE DETAILS

PRICE

$3,740,000 USD

PRICE/SF

$850 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C4

APN/PARCEL ID

4322-002-017

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.