Westwood is best known as the home of the University of California, Los Angeles (UCLA). The eastern portions of the district are often thought of as a distinctly different neighborhood, Holmby Hills. Located in the northern central portion of Los Angeles’ West Side, Westwood is bordered by Brentwood on the west, Bel-Air on the north, Century City and Beverly Hills on the east, West Los Angeles on the southwest, Rancho Park on the southeast, and Sawtelle on the south and southwest.
The boundaries are generally considered to be Olympic Blvd. (or Pico Blvd. and, by some, Santa Monica Blvd.) on the southeast, the city limits of Beverly Hills on the northeast, and Sunset Boulevard on the north; its southwestern boundary is the San Diego Freeway between Santa Monica and Wilshire boulevards, and Veteran Avenue between Wilshire and Sunset.
The winding two-mile section of Wilshire Boulevard to the east of Westwood Village is dominated by residential high rises, and is variously known as the Millionaire’s Mile, the Golden Mile or the Wilshire Corridor. Penthouse apartments in the corridor’s high-rise condominiums routinely sell for amounts in excess of $20 million. Countless celebrities maintain an address on Wilshire Boulevard in Westwood.
Year to Date for the period ending 12.31.14 per the Multiple Listing Service:
Westwood, Century City – The average single family home sale was $1,987,735 for a 2,606 square foot home on a 7,895 square foot lot. A total of 172 homes sold in an average of 44 days on market.