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3/05/26
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A 1.16-acre land site currently improved with a 9.6k sf office building in the heart of Westwood, on L.A.’s westside, traded for $38.2 mil. The property is located at 10918-10926 Le Conte Ave, between Gayley Ave and Westwood Blvd.
The property benefits from its prime location adjacent to UCLA and Ronald Reagan UCLA Medical Center, steps from the vibrant Westwood Village retail and dining corridor and with direct access to major thoroughfares and the I-405 and I-10 freeways for connectivity throughout the Westside of Los Angeles. The unnamed buyer’s plans for the new development will be revealed in the coming months.
Newmark Executive Managing Director Ryan Plummer and WESTMAC Executive Vice Presidents Willa McNamarra Fields and Jim Burnap co-represented the seller, Le Conte Westwood Development, in the off-market transaction. The buyer was co-represented by Newmark Executive Managing Director David Kluth and JLL Executive Vice President Aliya Coher.
“An irreplaceable land site near UCLA in Westwood Village is a once-in-a-generation foothold in the heart of Los Angeles, where scarcity, walkability and enduring demand intersect,” said Plummer. “This core Los Angeles institution’s presence in Westwood is poised to deliver lasting benefits to the entire surrounding community.”
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