The two-story property in Westwood Village has 6,340 square feet of combined retail/office space.
CBRE has sold a multi-tenant retail property in Westwood Village for just over $4 million. It was bought by Mory, LLC, a private ownership group based out of West Los Angeles.
The two-story building at 1136-1140 Westwood Blvd., has 6,340 square feet and has undergone several upgrades over the years. Currently, there are retail stores on the ground floor including D’Amores Pizza, with offices on the second floor.
It is the first sale of the property since its construction in 1928.
“Due to this incredible location and the value-add potential down the line, we procured seven offers within a mere two weeks of being on the market,” CBRE representative Patrick Wade said in a statement.
Westwood Village benefits from the 45,000-student population at nearby University of California, Los Angeles and hundreds of offices located on the Wilshire Corridor. Los Angeles is also at the top of the list for property purchases this year.
