921 Westwood Blvd Los Angeles, CA 90024
Historic Westwood Village Mixed-Use Retail Property
SOLD: $32,675,000 CAP RATE: 3% PRICE PER SQUARE FOOT: $643
Holmby Hall, the iconic landmark located at 921 Westwood Blvd in the heart of Westwood Village, sold for $32,675,000. The Saghian Group played a key role in connecting the seller with a legacy buyer committed to preserving the building’s historic character and long term identity within the community.
Built in 1929, Holmby Hall was the first retail building ever developed in Westwood Village and remains one of the area’s most recognizable structures, featuring timeless Spanish Colonial Revival architecture and a signature one hundred ten foot clock tower. The property totals 50,790 square feet on a 0.73 acre site and offers rare block to block frontage from Weyburn Ave to Le Conte Ave directly across from the UCLA campus.
The asset is anchored by a strong mix of retail and office tenants including Amazon, Seven Eleven, Pret a Manger, UPS, Princeton Review, and many others. The property consists of fifteen ground floor retail tenants and thirty five second floor office suites.
This transaction represents the highest priced retail sale in Westwood Village in more than ten years per CoStar and highlights The Saghian Group’s ability to match generational assets with qualified long term buyers while executing complex, high profile transactions in core Los Angeles markets.
Investment Highlights
15 ground-floor retail tenants and 35 second-floor office suites.
Tenants include Amazon, 7-Eleven, Pret a Manger, UPS, Princeton Review, and more!
Rare block-to-block frontage from Weyburn Ave to Le Conte Ave in prime Westwood Village
Directly across from UCLA campus, one of the nation’s top universities
Highest retail sale in Westwood Village in over 10 years (per CoStar)
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com