1386-1388 Westwood Blvd - Storefront Retail/Office FOR SALE


Los Angeles, CA 90024- Westwood
$5,199,000 USD
310-893-3397
1386-1388 Westwood Blvd, Los Angeles, CA for Sale
$5,199,000 USD
Storefront Retail/Office - FOR SALE
1/52
null | 5.65% Cap Rate

1386-1388 Westwood Blvd
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • Attari Plaza is a two-story, mixed-use property with an open-air courtyard, home to the iconic Attari Sandwich Shop
  • Located in Persian Square, a culturally vibrant district along Westwood Blvd, with high foot traffic near UCLA, Westwood Village
  • ±7,737 SF leased to seven tenants, including two restaurants, with one small office vacancy (±91% occupied)
  • Weighted Average Lease Term (WALT) of ±5.35 years, anchored by Attari Sandwiches Inc. (through 2028)
  • Seaburry Restaurant, which just signed a brand-new 10-year lease backed by a strong lease guarantor
  • 53% of tenants on month-to-month leases, offering flexibility for owner-users or repositioning for higher rents

OVERVIEW

MIXED-USE PROPERTY ANCHORED BY TWO RESTAURANTS Strong Lease Profile – Weighted Average Lease Term (WALT) of ±5.35 years, anchored by Attari Sandwiches Inc.(through 2028) and Seaburry Restaurant, which just signed a brand-new 10-year lease backed by a strong lease guarantor. Attari Plaza, located at 1386-1388 Westwood Blvd, Los Angeles, is a prominent mixed-use property in the heart of Persian Square, a vibrant retail and dining corridor. The ±7,530 SF two-story building on a 6,650 SF lot includes ±3,715 SF of restaurant space with an open-air courtyard and ±4,022 SF of office space. The property is leased to seven tenants in total, including two restaurants, with one small office space currently vacant.

FOR SALE DETAILS

PRICE

$5,199,000 USD

PRICE/SF

$690 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Attari Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,598 SF

ZONING

C4-IVL-POD- TOC 3

APN/PARCEL ID

4325-016-005

ASK ABOUT THIS PROPERTY

Ryan SharpeKidder MathewsMore Info
310-893-3397

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Ryan SharpeKidder MathewsMore Info
310-893-3397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.