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Investment Highlights
- Security cameras throughout the building.
- All interior lighting recently converted to LED in 2020
- World class array of amenities within walking distance.
- Several outside decks with city views.
- Excellent full-to-partial owner-user potential.
Executive Summary
1642 Westwood Boulevard offers a rare investment and owner-user opportunity in the highly desirable Westwood submarket of Los Angeles. This three-story creative office building spans approximately 13,481 square feet and is situated on a 5,501-square-foot lot. Built in 1983 and classified as a Class B property, it blends functionality with key recent upgrades such as full LED lighting conversion implemented in 2020 and features multiple outdoor decks offering city views.
Positioned along the vibrant Westwood Boulevard corridor, the asset enjoys excellent connectivity to major Westside business hubs including UCLA, Century City, and Brentwood. This prime location benefits from proximity to the 405 and 10 Freeways, providing easy regional access while serving as a gateway to premium dining, retail, and lifestyle amenities in Westwood Village and the greater Westside region.
Currently 45.5% occupied, the building presents significant income growth potential through lease-up strategies or a full or partial owner-user conversion. Additional advantages include roof-mounted cellular equipment generating ancillary income and building-wide security enhancements. 1642 Westwood Boulevard represents a compelling acquisition for investors seeking value-add opportunities and for owner-users prioritizing visibility and accessibility in a world-class location.
Positioned along the vibrant Westwood Boulevard corridor, the asset enjoys excellent connectivity to major Westside business hubs including UCLA, Century City, and Brentwood. This prime location benefits from proximity to the 405 and 10 Freeways, providing easy regional access while serving as a gateway to premium dining, retail, and lifestyle amenities in Westwood Village and the greater Westside region.
Currently 45.5% occupied, the building presents significant income growth potential through lease-up strategies or a full or partial owner-user conversion. Additional advantages include roof-mounted cellular equipment generating ancillary income and building-wide security enhancements. 1642 Westwood Boulevard represents a compelling acquisition for investors seeking value-add opportunities and for owner-users prioritizing visibility and accessibility in a world-class location.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
13,481 SF
Building Class
B
Year Built
1983
Price
$6,195,000
Price Per SF
$459.54
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,494 SF
Slab To Slab
12’
Building FAR
2.38
Lot Size
0.13 AC
Zoning
LAC4 - Commercial
Parking
32 Spaces (2.5 Spaces per 1,000 SF Leased)
Amenities
- Skylights
- Kitchen
- Roof Terrace
- Fully Carpeted
- High Ceilings
- Drop Ceiling
- Outdoor Seating
- Balcony
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Very walkable
80/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4325-021-005 | Improvements Assessment | $1,990,507 |
| Land Assessment | $1,990,507 | Total Assessment | $3,981,014 |
Property Taxes
Parcel Number
4325-021-005
Land Assessment
$1,990,507
Improvements Assessment
$1,990,507
Total Assessment
$3,981,014
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1642 Westwood Blvd
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