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1018-1024 Westwood Blvd 5,005 - 18,522 SF of Office/Medical Space Available in Los Angeles, CA 90024
Highlights
- Fully renovated in 2017
- Skylights & natural lighting
- Highly walkable retail & dining
- Modern sleek architecture & design
- Elevator
- Ample storage rooms in basement
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 6,399 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 7,118 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| Mezzanine | 5,005 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Basement
- Can be combined with additional space(s) for up to 18,522 SF of adjacent space
1st Floor
- Can be combined with additional space(s) for up to 18,522 SF of adjacent space
Mezzanine
- Can be combined with additional space(s) for up to 18,522 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 1018-1024 Westwood Blvd, Los Angeles, CA 90024
- Tenant
- Description
- US Locations
- Reach
- Terasaki Foundation Laboratory
- Health Care
- 1
- International
| Tenant | Description | US Locations | Reach |
| Terasaki Foundation Laboratory | Health Care | 1 | International |
Property Facts
| Total Space Available | 18,522 SF | Gross Leasable Area | 18,522 SF |
| Property Type | Retail | Year Built/Renovated | 1941/2017 |
| Property Subtype | Storefront | Parking Ratio | 0.27/1,000 SF |
| Total Space Available | 18,522 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 18,522 SF |
| Year Built/Renovated | 1941/2017 |
| Parking Ratio | 0.27/1,000 SF |
About the Property
WESTMAC Commercial Brokerage Company is pleased to present this ±18,522 SF contemporary commercial property in the heart of Westwood Village, one of Los Angeles’ most dynamic and pedestrian-friendly neighborhoods. Built in 1941 and completely reimagined in 2017 by noted architect Hitoshi Abe for the Terasaki Institute for Biomedical Innovation, the building offers state-of-the-art design and an unparalleled location just steps from UCLA and Wilshire Boulevard. The two-story property features a grand atrium with a dramatic circular skylight, high ceilings, and walls punctuated by a playful array of square and rectangular windows that bathe the interiors in natural light. Modern finishes include stone and wood flooring, glass-partitioned meeting rooms and labs, and open lounge areas that balance functionality with striking visual appeal. The basement has previously been configured for laboratory use, and five parking spaces are available at the rear. Situated on ±8,184 SF of land, the property benefits from heavy daily foot traffic from students, faculty, hospital staff, and locals, as well as close proximity to cultural landmarks including the Hammer Museum, Geffen Playhouse, and the historic Fox Village Theatre. With easy access to the 405 and 10 freeways, this location connects seamlessly to the greater Los Angeles region. Blending avant-garde architecture with a prestigious address, 1018–1024 Westwood Boulevard is ideally suited for research, innovation, creative, or cultural use, offering a rare opportunity to occupy a signature property in the heart of Westwood Village.
Nearby Major Retailers
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1018-1024 Westwood Blvd
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