1550 & 1650 Westwood Boulevard, Los Angeles, CA 90024
Listing type: For Sale
Square Feet Approximately 9,748 - 9,850 square feet
Lot Size Approximately 12,391 - 18,663 square feet
Property type: For Sale
Asking Price $17,500,000
Neighborhood West Los Angeles
If One Corner is Good, Then Two Corners are Great!
LOCATION: 1550 Westwood Boulevard
SITE: Prime hard corner intersection located at Westwood Boulevard & Holman Avenue with approximately 32,680 cars per day
LAND AREA & ZONING: The subject consists of one (1) parcel (APN 4325-020-019) totaling approximately 18,663 square feet with a zoning designation of LAC4
BUILDING: The subject building was built in 1986 and is approximately 9,850 square feet
PARKING: Includes 28 parking spaces
LOCATION: 1650 Westwood Boulevard
SITE: Prime hard corner intersection located at Westwood Boulevard & Massachusetts Avenue with approximately 32,980 cars per day
LAND AREA & ZONING: The subject consists of two (2) parcels (4325-021-006, 4325-021-014) totaling approximately 12,391 square feet with a zoning designation of LAC4
BUILDING: The subject building was built in 1978 and is approximately 9,748 square feet
PARKING: Includes 18 standard parking spaces and 1 handicapped space
PAR Commercial Brokerage is pleased to present 1550 & 1650 Westwood Boulevard. This investment features two excellent corner locations situated in the heart of West Los Angeles. The subject properties are located on two hard signalized corners; 1550 Westwood Boulevard at Westwood Boulevard & Holman Avenue and 1650 Westwood Boulevard at Westwood Boulevard & Massachusetts Avenue in the city of Los Angeles.
The properties have tremendous access, visibility and signage with an average of 33,000 cars per day and are adjacent to the San Diego (405) Freeway and the Santa Monica (I-10) Freeway. They are in close proximity to Westwood Village, UCLA, Westwood Medical Plaza, The Armand Hammer Museum, Geffen Playhouse, UCLA Center for Performing Arts and the Fowler Museum of Cultural History. The strong retail trade area the properties are located within testify to the strength and viability of this particular location.
In addition to the strategic location of the properties, the demographic profile of the surrounding areas gives the underlying real estate a strong intrinsic value. Located in close proximity to the subject properties are the cities of Beverly Hills to the east, Bel Air to the north, Brentwood to the west and Century City to the southeast. These cities are some of the most affluent areas of Southern California providing the retailers an immediate trade area in which the average annul household income within a 3 mile radius of the subject property is $114,412. This strong income level provides significant discretionary income and spending power to support the tenants far into the future.