Westwood Real Estate

Your Path to a Premier LA Neighborhood

Westwood is a vibrant Los Angeles neighborhood defined by its mix of academic, cultural, and residential life. Located in parts of zip codes 90024, 90025, 90049, 90073, and 90095, it’s known for its proximity to UCLA, the historic Westwood Village, and a diverse range of housing, from luxury high-rises to single-family homes. Navigating Westwood’s unique real estate market requires the specialized expertise of The Shilian Group, whether you’re seeking a condo on the Wilshire Corridor or a family home on a tranquil street.

Navigating Diverse Markets from Westwood to Cheviot Hills

West Los Angeles is a highly desirable region, renowned for its diverse lifestyles and significant investment opportunities. Over half a dozen key zip codes form its residential landscape, including prominent areas like Westwood/Holmby Hills (90024), West LA’s dynamic core with Sawtelle (90025), and Cheviot Hills/Rancho Park (90064), each boasting vibrant communities and distinct property markets. The Shilian Group offers expertise to navigate these varied landscapes, whether seeking an iconic property, strategic investment, or maximizing your sale.

A Community for Every Lifestyle

Discover Westwood's Appeal

Westwood is a dynamic microcosm of Los Angeles life. Its character is shaped by key sub-districts, each with a unique flair:

  • Wilshire Corridor

    Known as "Millionaire's Mile," this stretch of Wilshire Boulevard is defined by luxury condominium towers with amenities and stunning views.

  • Westwood Village

    This historic, pedestrian-friendly hub is the social and commercial heart of the area, with unique shops, dining, and iconic movie theaters.

  • North Westwood Village

    Adjacent to UCLA, this dense area of multi-family housing serves primarily a youthful, energetic student population.

  • Residential Enclaves

    Beyond the urban core, Westwood features peaceful residential streets with elegant homes ranging in style from Spanish Colonial to Mid-Century Modern.

Westwood Real Estate: Lifestyle and Investment Insights

Westwood offers a unique urban lifestyle and a compelling real estate investment market.

Lifestyle:

Living in Westwood combines a "college town" vibe with urban amenities. Residents have immediate access to strong cultural and medical facilities, including UCLA's Hammer Museum. Westwood Village and Century City offer diverse dining, shopping, and entertainment. The community is known for its educational options and central location, with easy freeway and transit access, is attractive to professionals.

Investment:

Historically, Westwood real estate is a strong investment due to consistent demand from a diverse buyer pool. Property values vary significantly, from Wilshire Corridor condos to sprawling estates. Homeowners should be mindful of high property taxes and HOA dues. Varied housing presents different long-term costs. While the market is strong, it's sensitive to economic factors, making thorough analysis crucial.

Westwood real estate

Current Market Dynamics

As of December 2025, the Westwood real estate market is a competitive seller’s market. While median prices and sales volume are down year-over-year, homes are selling faster, signaling strong demand for well-priced properties. The market is mixed, with some sales below list and others getting multiple offers. Local expertise and a strategic approach are crucial for success.

Metric
December 2024
December 2025
Closed Sales
46
38
Average List Price
$1,965,580
$1,951,197
Average Close Price
$1,878,215
$1,907,675
Average $/SqFt
$842.83
$874.70
Average Days on Market
61
71
Sales Price / List Price %
99.6%
98.3%
  • Volume Down: Closed Sales declined by 17.4%, from 46 to 38 transactions.
  • Modest Price Appreciation: Average Close Price increased by 1.6%, from $1.88M to $1.91M, with Price/SqFt rising 3.8%.
  • Market Pace Slowed: Days on Market increased by 16.4%, from 61 to 71 days.
  • More Negotiating Room: Sales Price / List Price ratio dropped from 99.6% to 98.3%.

Expertise for a Complex Westwood Market

Westwood real estate is multifaceted. From the high-rise living of the Wilshire Corridor to the quiet, family-friendly streets north of Wilshire, each micro-market has its own unique dynamics. That’s where The Shilian Group’s specialized insight makes a difference.

Deep Local Insight

We have a deep understanding of Westwood's sub-markets and strong track record across its key zip codes. Our insight on pricing and development gives clients a distinct advantage.

Tailored Strategies

We create strategic, property-specific plans based on our hyper-local data to ensure your home stands out. The goal is to maximize your return and reduce time on the market.

Guided Buyer Success

We act as strategic advisors for buyers, helping you find hidden value and off-market opportunities. We craft strong offers and negotiate effectively in competitive situations.

Successfully engaging with Westwood real estate requires a partner who appreciates its breadth and depth. The Shilian Group delivers this through comprehensive market knowledge, data-informed strategies, and a commitment to achieving your distinct property goals with precision and professionalism.

payman shilian santa monica real estate

Ready to Define Your West Los Angeles Success?

Whether you have your sights set on a specific Westwood neighborhood or you’re weighing your options across this dynamic area, clarity starts with the right guidance. At The Shilian Group, we offer a complimentary, no-pressure consultation tailored to your real estate goals in Westwood. Here’s what you can expect:
  • A current, data-driven snapshot of the Westwood market—focused on the neighborhoods that matter most to you.
  • A thoughtful conversation around your goals—whether you're buying, selling, or investing.
  • Key insights and questions to consider as you navigate next steps in today’s competitive Westwood landscape.

This isn’t a sales pitch—it’s an opportunity to explore whether our specialized approach aligns with your needs. If you’re thinking about making a move in Westwood, let’s start the conversation

Premier Neighborhood Experts

Explore Los Angeles’s Premier Neighborhoods with the Expertise of Shilian Group.

BROWSE OUR CURRENT LISTINGS

Our Featured Listings

Specializing in Westside LA’s luxury real estate market, The Shilian Group offers unparalleled expertise to sophisticated homeowners navigating the purchase or sale of exceptional homes, condominiums, townhomes, and income properties in premier neighborhoods like Westwood, Beverly Hills, West LA, Santa Monica, and Pacific Palisades.

2 BD Luxury Westwood Condo for Sale | Wilshire Corridor

Located on the 18th floor of a prestigious full-service building, this elegant residence boasts three terraces offering sweeping 180-degree views that stretch from the Griffith Observatory across Century City to the Pacific Ocean.

5 BD Luxury Westwood Home for Lease

This exquisite Cape Cod-inspired home boasts 5 bedrooms and 5.5 baths, seamlessly blending classic warmth with contemporary design and exceptional indoor-outdoor living, all within moments of LA’s most coveted destinations.

2 BD Westwood Condo for Lease on Ashton Ave

This remodeled top-floor Westwood penthouse combines sweeping city views from soaring ceilings with a chef’s kitchen and the rare conveniences of two side-by-side parking spaces and a private EV outlet.

Classic Westwood & Clear Advice

Click any question below to reveal our expert insights into buying, selling, and living in one of LA’s most celebrated and intellectual neighborhoods.

Westwood Blvd between Pico & Wilshire has grocery stores, pharmacies, and cafes. Wilshire Corridor condos are close to UCLA & Village shops, making errands easy without a car.

Westwood Park has fields, a rec center & open space. Holmby Park has picnic spots & shaded paths. UCLA and Veteran’s Park trails offer additional dog-friendly walking routes.

Some streets need overnight permits via LADOT. Others allow parking but restrict street cleaning days. Always read signs and check with the LA Parking Permit Division for accuracy.

Westwood’s property tax rate is about 1.25%, similar to much of West LA. There are no Mello-Roos taxes here, though some homes may carry added school or infrastructure assessments.

Property taxes in Westwood are around 1.25% of assessed value. This includes LA County’s base rate and local levies such as voter-approved school bonds or public safety fees.

HOA fees on Wilshire Corridor range from $1,000–$5,000+ per month. They cover valet, concierge, gym, pool, security, and more. Larger units or penthouses often pay higher dues.

Expect move-in/out fees, elevator deposits, insurance premiums, transfer fees, and reserve contributions. Special assessments for upgrades may also apply in some buildings.

Expect to spend 1–2% of the price in cash deals ($15K–$30K). Financing can raise that to 2–3%, covering escrow, title, inspections, taxes, lender fees, and other transaction costs.

Westwood 90024 is served by several highly rated public and private schools. Public options include Warner Avenue Elementary, Fairburn Avenue Elementary, and Emerson Community Charter School, all well-regarded by families in the area. For private education, Sinai Akiba Academy on Wilshire Boulevard and Saint Paul the Apostle School on Selby Avenue are popular choices. UCLA’s Geffen Academy offers a unique university-connected experience for grades 6 through 12, and the UCLA Lab School provides an innovative elementary education. Families also have access to top-rated private schools in nearby Brentwood and Beverly Hills within a short drive. School assignments can vary by address, so buyers are encouraged to verify eligibility directly with the school district during the purchase process.

Westwood is generally considered one of the safer and more desirable neighborhoods on the Westside of Los Angeles. The residential areas north and south of Wilshire Boulevard are particularly quiet, with low property crime rates compared to LA averages. The Westwood Village area near UCLA sees more foot traffic and occasional petty crime typical of any college-adjacent commercial district, but violent crime remains rare. The neighborhood benefits from UCLA’s own police department patrolling the campus and surrounding blocks, plus active neighborhood watch programs in the residential streets. As with any Los Angeles neighborhood, safety can vary by block, but overall Westwood is viewed as a strong option for both homeowners and renters.

UCLA is the single largest driver of Westwood’s real estate market. The university employs over 45,000 people, creating consistent demand for housing from faculty, staff, medical professionals, graduate students, and international buyers across different price points. This demand supports strong rental yields for investment buyers, particularly in condos along Wilshire Corridor and near Westwood Village. Properties within walking distance of campus command a premium. The university also stabilizes values during downturns because institutional employment is less cyclical than private sector jobs. The main downside is game-day traffic and occasional noise near campus during events.

The Wilshire Corridor includes a wide range of buildings, each with its own characteristics, HOA structure, and buyer profile. Among the most sought-after are The Wilshire (27 stories, 97 units, built 2009), which offers the newest construction and premium finishes. Blair House (28 stories, 124 units, built 1989) is known for its spacious floor plans and full-service amenities. La Tour (21 stories, 73 units, built 1991) offers a more boutique feel with larger residences. The Wilshire House (20 stories, 69 units, built 1982) is an architectural landmark with distinctive curved balconies. Other well-known buildings include The Carlyle, The Remington, The Dorchester, Ten Five Sixty, The Beverly West, and The Californian. Wilshire Comstock (two towers at 865 and 875 Comstock) offers a prime location at the Beverly Hills border. This is not a complete list, and the best fit depends on what a buyer values most, whether that is newer construction, views, amenities, floor plans, or HOA financial health.

Full-service Wilshire Corridor buildings typically include 24-hour concierge and doorman service, valet parking, pool and spa facilities, fitness centers, wine storage rooms, private dining or party rooms, conference facilities, and controlled-access lobbies with security cameras. Some buildings add extras like on-site management offices, guest suites for visitors, rooftop terraces, and private elevator access for penthouse units. These amenities are reflected in monthly HOA fees that typically range from $1,200 to $3,500 per month depending on the building, unit size, and level of service.

It’s a balanced market. Homes north of Wilshire move quickly due to low inventory. SFRs are in higher demand than condos, but well-priced listings in all segments can attract buyers.

High prices and tight supply are the biggest hurdles. SFRs start around $2M. Studios and low-rise condos around $500K–$1M offer more affordable options for first-time buyers.

Check electrical panels, galvanized plumbing, roof age, foundation cracks, fireplace safety, and earthquake retrofitting. Sewer scopes are also a must in older homes.

Submit a strong pre-approval, reduce contingencies, offer a short escrow, and write a compelling offer letter. Expect bidding wars near UCLA and north of Wilshire.

North of Wilshire has larger homes, tree-lined streets, and a residential vibe. South is denser with more condos and offers quick access to Pico Blvd and Century City.

There are no Mello-Roos taxes in Westwood. However, some properties may include added costs from city bonds or school district assessments. Check the property tax bill closely.

Online tools provide a baseline, but a local agent who knows Westwood submarkets, like Little Holmby vs. Wilshire Corridor, can provide a more accurate valuation.

So far, modestly. But demand is rising near the new Westwood/UCLA stop. As the Purple Line nears completion, walkability and transit access are increasing neighborhood appeal.

The 2025 Palisades fire and increased awareness around wildfire risk have significantly influenced buyer behavior across Los Angeles. Homeowners displaced from Pacific Palisades, Malibu, and hillside areas are looking for properties in lower fire-risk zones, and Westwood fits that criteria. Insurance is also a major factor. Hillside properties now face annual premiums of $30,000 to $60,000 or more, while flatland Westwood homes typically pay $3,500 to $6,500 per year. This insurance cost gap is redirecting demand into neighborhoods like Westwood, Cheviot Hills, Beverlywood, and Century City, putting upward pressure on prices in these areas.

Westwood’s flatland location makes it significantly easier and more affordable to insure compared to hillside neighborhoods. Most Westwood homeowners can obtain standard policies from major carriers at rates between $3,500 and $6,500 per year for a typical single-family home, though insurance costs and underwriting have become more selective across California in recent years. Condo owners pay less since the building’s master policy covers the structure, while individual owners carry interior policies. Unlike hillside properties that increasingly rely on the California FAIR Plan (the insurer of last resort), Westwood buyers generally have multiple insurance options available. That said, I always recommend getting insurance quotes early in the process, as availability and pricing can vary based on building age, construction type, and proximity to brush areas.

In Westwood, the luxury threshold starts around $2.5 million for single-family homes and $2 million for condos, though luxury is also defined by location, property type, and overall quality. Single-family luxury homes in areas like Little Holmby and north of Wilshire typically range from $2.5 million to $10 million, featuring larger lots, architectural significance, and premium finishes. On the Wilshire Corridor, luxury condos start around $2 million and can exceed $10 million for penthouse units in buildings like The Wilshire or Blair House. The key distinction is full-service building amenities, premium finishes, views, and square footage. Westwood luxury offers a compelling value compared to Beverly Hills, where similar properties often command 30 to 50 percent more.

Little Holmby is one of the most prestigious and established residential pockets within Westwood, located roughly between Wilshire Boulevard, Sunset Boulevard, Beverly Glen, and the Los Angeles Country Club. The neighborhood features larger lots, tree-lined streets, and stately homes ranging from $1.8 million to nearly $10 million, many built in the 1930s and 1940s in Spanish Colonial, Tudor, and Traditional styles. The area has a quiet, estate-like feel despite being minutes from Westwood Village and UCLA. Little Holmby is highly sought after by families who want top schools, walkable streets, and proximity to Beverly Hills without Beverly Hills property taxes.

The Metro Purple Line extension is bringing subway service to the Westside, with the Westwood/VA Hospital station opening in the final phase. The line will improve access to Beverly Hills, Mid-Wilshire, Koreatown, and Downtown Los Angeles. Transit research consistently shows a 4 to 24 percent property value premium within a half mile of new rail stations. Condos typically benefit more than single-family homes because condo buyers and renters place higher value on transit access and walkability. Properties near the future Westwood station may see appreciation once service begins, though the full impact usually takes 2 to 3 years after a station opens as ridership patterns establish. The long-term effect will depend on usage patterns and how the surrounding areas develop. Some buyers are purchasing now during the construction discount period, betting on future appreciation.

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