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Legacy Buyer Acquires Holmby Hall Retail Property In Los Angeles For $32.675 Million
SOLD
$32,675,000
California
See Similar DealsRetail50,800 SF
Sold 10/06/2025
SOLD
Legacy Buyer Acquires Holmby Hall Retail Property In Los Angeles For $32.675 Million
921 Westwood Boulevard
See Similar DealsRetail50,800 SF
Sold 10/06/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$643
Total Square Footage:50,800 SF
Transaction Type:Sale
A historic retail property located at 921 Westwood Boulevard in Los Angeles’ Westwood Village has been sold for $32.675 million. The asset encompasses 50,800 square feet on a 0.73-acre lot, presenting an opportunity in a desirable market. The price translates to $643 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $32,675,000
- Address: 921 Westwood Boulevard
- Market: Los Angeles
- Square Footage: 50,800
- Price per Square Foot: $643
The deal was facilitated by brokers Tanel Harunzade and Darrell Levonian from Kidder Mathews, along with David Saghian from Lyon Stahl Investment Real Estate, who represented the seller in this transaction.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,742,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$116,087.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$154,896.17
Annual Debt Service$1,858,754.04
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