2245-2251 Westwood Blvd - Storefront FOR SALE


Los Angeles, CA 90064- West Los Angeles
$3,699,000 USD
213-500-3512
2245-2251 Westwood Blvd, Los Angeles, CA for Sale
$3,699,000 USD
Storefront - FOR SALE
1/18
null | Request Cap Rate

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


HIGHLIGHTS

  • Prime Weswood Blvd Mixed-Use Purchase Opportunity
  • 2 Front Retail Units + 4 Rear Apartment Units
  • Includes Rear Tandem Parking Lot for 10 Vehicles
  • $16,490 Actual Gross Monthly Income | Pro Forma $18,990 Gross Monthly Income
  • 5 Occupied Units and 1 Vacant Apartment Unit

OVERVIEW

Situated along prime Westwood Boulevard just south of Olympic Boulevard, this exceptional mixed-use property offers a rare blend of high-visibility retail and desirable residential income in one of Los Angeles’ most dynamic corridors. The property features a one-story retail structure with two storefronts fronting Westwood Blvd, complemented by a two-story rear building comprising four residential units, supported by convenient rear tandem parking for ten vehicles. Renovated in 2017 and maintained in excellent condition, the asset benefits from heavy daily traffic counts of approximately 56,640 vehicles on Olympic Blvd and 26,706 vehicles on Westwood Blvd, ensuring strong retail exposure. Ideally positioned adjacent to Century City, Brentwood, and Santa Monica, the property is currently stabilized with two occupied retail units and four apartment units (one vacant), generating an actual gross monthly income of $16,490 with upside to a pro forma $18,990. Zoned LAC4 and identified by APN 4322-002-017, this offering presents a compelling opportunity for investors seeking long-term value in a premier Westside location.

FOR SALE DETAILS

PRICE

$3,699,000 USD

PRICE/SF

$841 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail/Residential Purchase Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,400 SF

ZONING

LAC4

APN/PARCEL ID

4322-002-017

ASK ABOUT THIS PROPERTY

Charlie RosenbergMajor PropertiesMore Info
213-500-3512

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Charlie RosenbergMajor PropertiesMore Info
213-500-3512

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