1312-1316 Westwood Blvd, Los Angeles, CA 90024
11,482 SF | 92% Leased | Flex Building | Los Angeles, CA 90024 | $6,995,000 ($609/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,995,000
- Property Type
-
Industrial
- Price / Square Foot
- $609
Listing Contacts
Jeff Pion
Verified Profile
Andrew Riley
Verified Profile
- Property Info
Property Overview
CBRE is pleased to offer for sale 1312 - 1316 Westwood Boulevard, a boutique mixed use creative office, wet lab facility and retail property located just south of Wilshire Boulevard with great proximity to Westwood and the UCLA campus. The property provides a mini campus-like setting around a central courtyard area with private suites, ground-level patios, surface parking and a gated entrance and exit. Located just minutes from Westwood Village, the property is walking distance to an impressive array of retail and restaurants while also minutes from Brentwood, Bel Air, Beverly Hills and the 405 Freeway on and off ramps along Wilshire Boulevard. The property is one block south of the Metro Westwood/UCLA Purple Line stop which is expected to be completed by 2026. The property’s unique mixed use is in a submarket, Westwood, which continues to attract a diverse tenant mix making this a great investment opportunity. Not only is Westwood home to the University of California Los Angeles, the California NanoSystems Institute, UCLA Ronald Reagan Hospital but also companies like Google, Equinox, KB Home, Puma Biotechnology and more. While Westwood has been known for its retail and office space, life science tenant demand continues to increase throughout the region. Life science companies will continue to search for available wet lab space within close proximity to UCLA. The building’s turnkey lab units provide healthcare and life science companies and practitioners with private suites near one of the region’s largest life science anchor institutions.
Property Details
- Class
- C
- Year Built/Renovated
- 1958/2021
- Stories
- 2
- Property Subtype
- Flex, R&D
- Lot Size (sq. ft)
- 9,148 SF
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