

Campus relocation and retail village give the community staying power.
The first recorded name of the area that would become Westwood was “ranch of the beautiful breezes.”
After a short-lived incarnation as the town of Sunset, the land was sold in 1922 to the Janss brothers, the two men who would shape Westwood as we know it today.
They built the neighborhood from south to north, beginning with the construction of tracts in 1924.
But the game changer came a year later, on the north end of their holdings, when the Southern Branch of the University of California announced it was fleeing its crowded Vermont Avenue campus for a roomy, wooded lot owned by the Jansses.
The brothers happily sold to the UC regents for far below market cost; sales of subdivided lots shot up overnight, and Westwood was on its way.
While the campus of UCLA rose to the north, the Jansses made another far-sighted decision that would cement Westwood’s status as a destination neighborhood: They created a Mediterraneanthemed master-planned commercial development dubbed Westwood Village.
Major chain stores of the era flocked to this gleaming new shopping center. Hollywood stars began to move into nearby Holmby Hills. Westwood was ascendant.
Things changed after the war.
The neighborhood strained to accommodate an explosion in the student population. A quirk in L.A.’s zoning regulations would lead to the Wilshire Boulevard corridor becoming a dense, heavily urbanized barrier between north and south Westwood, while high rents forced out many of the department stores, changing the character of the neighborhood.
Ahighly publicized gang shooting that kept shoppers away in the 1980s seemed to sound the death knell for the neighborhood.
But
being the home of one of the world’s best public universities helped
keep the neighborhood going. The stars never left Holmby Hills, the
shoppers eventually came back (although the department stores didn’t)
and the meteoric rise in Westside home and land values has continued to
make Westwood a sought-after address.
Neighborhood highlights Arts and entertainment: The
Geffen Playhouse, the Hammer Museum, Royce Hall, the Westwood Village
movie houses — there’s always something to see, with a concentration of
top-tier art, music, live theater and movie venues all within walking
distance of each other. UCLA: There’s
something about the energy of a college town, where students from all
over the world gather to receive an education, play drinking games and
eat ice cream sandwiches from Diddy Riese. 
Recreation: There
are plenty of opportunities for sports enthusiasts in Westwood. With
115 NCAA championships under their belts, the Bruins are a huge draw
(though for football games you have to drive to Pasadena). For those who
would rather do than see, the Westwood Recreation Center, Holmby Park
and the L.A. Country Club are nearby.
Neighborhood challenges
Parking: There
are parts of Westwood — and the Village in particular — where parking
is perennially terrible, oft-complained about and never resolved.
Expert insight Dana
Cataldi is the estates director of Partners Trust and raised four
children in Westwood. She has been working in the market for 10 years
and said she loves the neighborhood’s family-friendly nature, good
elementary schools and diversity.
For
those wanting to buy in Westwood, Cataldi notes that inventory is so
low that “the key to getting in is working with agents who have great
relationships with other agents.”
“Forty
percent of my sales are off-market sales, which comes from
relationship-building,” she said. “You also need to understand the
nuances of each area, the different price points, which tend to go up as
you go north.”
Market snapshot In
the 90024 ZIP Code, based on six sales, the median sale price for
single-family homes in February was $2.4 million, up 13.3% from February
2015, according to Core- Logic. The median price for condos, based on
16 sales, was $725,000.
Report card Warner
Avenue and Fairburn Avenue elementary schools were among the bright
spots, with scores of 960 and 940, respectively, out of a possible 1,000
in the 2013 API ranking system.
Nearby Beverly Hills High scored 865, and Ralph Waldo Emerson Middle had a score of 728.
hotproperty@latimes.com