1045 Gayley Ave, Los Angeles, CA 90024

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1045 Gayley Ave is located in Los Angeles, CA.

The subject property is located in the heart of Westwood Village, nestled between some of the most affluent areas in the world, including Bel-Air, Holmby Hills, Beverly Hills, and the Wilshire Corridor. In this submarket, the average home price exceeds $2 million. This property sits strategically across the Whole Foods Market which generates high traffic volume on Gayley Ave. It is also directly adjacent to a medical building as well as prime retail space. Retail tenants on Gayley include The Coffee Bean and Tea Leaf, In-N-Out Burger, and Bel-Air Camera. This building represents one of the newest improved structures in Westwood. New construction in this area is extremely restrictive due to the anti-development efforts of the local community and the Westwood Specific Plan, which outlines a quota for retail tenants. Most of the property in Westwood was acquired and consolidated into portfolios by large real estate entities, thereby limiting supply of product and driving both leasing and acquisition prices upward.