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Investment Highlights

  • Boutique mixed-use property featuring creative office space, wet lab facilities, and ground-floor retail uses.
  • Located in Westwood near UCLA, UCLA Ronald Reagan Medical Center, and the California NanoSystems Institute.
  • Campus-style layout organized around a central courtyard with private suites and outdoor patio areas.
  • Convenient access to Wilshire Boulevard, Interstate 405, Brentwood, Beverly Hills, and Bel Air.

Executive Summary

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 Facts

Sale Type
Investment
Property Type
Office
Building Size
11,482 SF
Building Class
C
Year Built/Renovated
1958/2021
Price
$7,476,623 CAD
Price Per SF
$651.16 CAD
Percent Leased
35%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,741 SF
Building FAR
1.26
Lot Size
0.21 AC
Zoning
C4 - Commercial Zone
Parking
11 Spaces (0.96 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 101
  • 688 SF
  • Office
  • Full Build-Out
  • Now

Lab Space

  • 1st Fl-Ste 104
  • 391 SF
  • Office
  • Full Build-Out
  • Now

Lab Space

  • 1st Fl-Ste 106
  • 814 SF
  • Office
  • Full Build-Out
  • Now

Lab Space

  • 1st Fl-Ste 107-108
  • 875 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 201-A
  • 297 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 201-D
  • 252 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 201-E
  • 290 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 201-F
  • 271 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 206-B
  • 405 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 206-D
  • 355 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 206-F
  • 227 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 208
  • 880 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 209
  • 285 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 210
  • 593 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Fl-Ste 211
  • 859 SF
  • Office
  • Partial Build-Out
  • Now
Space Size Space Use Build-Out Available
1st Fl-Ste 101 688 SF Office Full Build-Out Now
1st Fl-Ste 104 391 SF Office Full Build-Out Now
1st Fl-Ste 106 814 SF Office Full Build-Out Now
1st Fl-Ste 107-108 875 SF Office Partial Build-Out Now
2nd Fl-Ste 201-A 297 SF Office Partial Build-Out Now
2nd Fl-Ste 201-D 252 SF Office Partial Build-Out Now
2nd Fl-Ste 201-E 290 SF Office Partial Build-Out Now
2nd Fl-Ste 201-F 271 SF Office Partial Build-Out Now
2nd Fl-Ste 206-B 405 SF Office Partial Build-Out Now
2nd Fl-Ste 206-D 355 SF Office Partial Build-Out Now
2nd Fl-Ste 206-F 227 SF Office Partial Build-Out Now
2nd Fl-Ste 208 880 SF Office Partial Build-Out Now
2nd Fl-Ste 209 285 SF Office Partial Build-Out Now
2nd Fl-Ste 210 593 SF Office Partial Build-Out Now
2nd Fl-Ste 211 859 SF Office Partial Build-Out Now

1st Fl-Ste 101

Size
688 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 104

Size
391 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 106

Size
814 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 107-108

Size
875 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 201-A

Size
297 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 201-D

Size
252 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 201-E

Size
290 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 201-F

Size
271 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 206-B

Size
405 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 206-D

Size
355 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 206-F

Size
227 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 208

Size
880 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 209

Size
285 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 210

Size
593 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 211

Size
859 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Fl-Ste 101

Size 688 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Lab Space

1st Fl-Ste 104

Size 391 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Lab Space

1st Fl-Ste 106

Size 814 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Lab Space

Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
4325-009-003
Land Assessment
$5,116,514 CAD
Improvements Assessment
$4,651,377 CAD
Total Assessment
$9,767,890 CAD
  • Listing ID: 27652568

  • Date on Market: 2023-02-01

  • Last Updated:

  • Address: 1312-1316 Westwood Blvd, Los Angeles, CA 90024

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