Description
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, 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.
KEY POINTS
• 4,400 SF mixed-use (2 retail + 4 office) on 5,405 SF lot.
• $18,871/month gross rent.
• LAC4 zoning – Retail/office today, redevelopment optionality tomorrow.
• Shadow anchored by Starbucks, Jersey Mike’s, and Poquito Mas shopping center.
• Visibility from the signalized intersection of Olympic Blvd & Westwood Blvd.
• Long-term stable tenants in place.
• Westwood Blvd frontage – Walk Score 90+, 5 mins to UCLA.
• 10 parking spaces (5 standard + 5 tandem)
POSITIONING:
A cash-flowing asset with value-add upside in the center of LA’s most resilient submarkets. Subject property is located between the main UCLA campus and its $500-million investment into a new 700,000 SF research park at the former Westside Pavilion site.
• Investors seeking stable retail + office income.
• Developers eyeing Westwood’s mixed-use potential.
• Owner-Users wanting a foothold near UCLA.
Property Features:
- List Price: $3,740,000
- Building Size: 4,400 Sq.Ft.
- Lot Size: 5,405 Sq.Ft.
- Price Per Sq.Ft.: $850
- Unit Mix: 2 Retail Units, 4 Office Units
- Cap Rate: 5.35%
- NOI: $199,917
