Newmark has arranged the sale of a development site on Le Conte Avenue in Westwood, where a 1.16-acre parcel with an existing office building changed hands for $38.2 million in an off-market transaction. The property, located at 10918-10926 Le Conte Avenue, includes a 9,647-square-foot office building and is positioned in one of the most active institutional and medical-adjacent corridors on the Westside of Los Angeles.
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. On the buy side, Newmark executive managing director David Kluth and JLL executive vice president Aliya Coher co-represented the purchaser. The buyer was not identified, and the parties did not disclose additional transaction terms beyond the headline pricing.
The site stands directly adjacent to UCLA and Ronald Reagan UCLA Medical Center, placing it within immediate reach of one of Los Angeles’ largest academic and healthcare employment hubs. It is also situated near the Westwood Village retail and dining corridor, which provides walkable access to food, services, and amenities that support both campus and neighborhood users.
According to Newmark, the property offers direct connectivity to major thoroughfares, including access routes to the I-405 and I-10 freeways, which link Westwood to the broader Westside of Los Angeles and the rest of the region. That transportation connectivity, coupled with proximity to UCLA and the medical center, underpins the site’s positioning as a core infill land holding in an area characterized by strong, persistent demand drivers.
Plummer described the site as an “irreplaceable” land opportunity in Westwood Village, emphasizing that similar offerings near UCLA rarely come to market. He noted that the combination of scarcity, walkability and enduring demand around this core Los Angeles institution supports the long-term attractiveness of the location for both the buyer and the surrounding community.
The buyer’s specific development plans for the Le Conte Avenue property have not yet been announced. The parties indicated that additional details on the future project will be released in the coming months, leaving the current office building and land positioned as a significant redevelopment opportunity in one of Westwood’s most closely watched submarkets.
