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2245-2251 Westwood Blvd

2245 Westwood Blvd, Los Angeles, CA 90064
Available Now
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FOR SALERetail / Convenience Store + Grocery Store
Building Size
4,400SF
APN
4322-002-017
Lot Size
0.12Ac
Year Built
1940
Year Renovated
2017
Occupancy
83%
Listing Contacts
Sales Associate
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More property details

Parking Info
10 Spaces (2.27 Spaces per 1000 SF Leased)
Tenancy
Multi Tenant
Currently Leased
No
Investment
Owner User
Sale Type
Investment Sale
Building FAR
0.81
Property Class
C
No of Buildings
1
No of Stories
1

Features & amenities

Location Amenities
Metro/Subway
Public Transportation
Airport
Commuter Rail

Location

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2245-2251 Westwood Blvd
About the location

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

Documents

FILE
2245-2251 Westwood Blvd OM.pdf
2.70 MB · Listing document
2245-2251 Westwood Blvd
4,400 SF · retail · United States · CA
View OM