**Landmark Holmby Hall in Westwood Sells for $32.7 Million**
Holmby Hall, a historic property located at 921 Westwood Boulevard in Los Angeles, has been sold for $32,675,000. The transaction was arranged by Kidder Mathews brokers Tanel Harunzade and Darrell Levonian, alongside former Kidder Mathews agent David Saghian. The brokers facilitated the sale by connecting the seller with a legacy buyer committed to preserving the building’s historic character.
Originally constructed in 1929, Holmby Hall holds the distinction of being the first retail building in Westwood Village. The property is renowned for its Spanish Colonial Revival-style architecture and its iconic 110-foot clock tower. Situated directly across from UCLA, the building comprises 50,790 square feet on a 0.73-acre site.
“This isn’t just the sale of a building—it’s the transfer of a cultural landmark,” Harunzade said. “Our client recognized the enduring value of an irreplaceable Westwood Village property, and we were gratified to help secure a buyer aligned with that vision.”
Designated as a Historic-Cultural Monument, Holmby Hall qualifies for various preservation incentives and tax credits. These benefits are expected to support planned seismic retrofitting and interior upgrades as part of its continued preservation.
The transaction underscores the enduring market value of historic properties and the importance of preserving architectural landmarks in culturally significant neighborhoods like Westwood Village.
