Westlake Theatre Update
On Thursday January 11, the Oversight Board for the CRA/LA unanimously approved the sale of the Westlake Theatre to 634 Alvarado, LLP for $2M. Escrow is set to close no later than March 15. We will continue to reach out to the new owners to offer our assistance in a plan for the theatre’s future.
The Community Redevelopment Agency of Los Angeles has been in the process of selling the Westlake Theatre since early 2016. In 2016, the sale of the theatre was included with an adjacent set of properties for mixed-use development. After the project failed to receive appropriate bids, the theatre has been broken out from the combined parcels to be sold individually. Most recently, the CRA / LA accepted bids for purchase of the Westlake Theatre on August 10, 2017 via their representation at Cushman & Wakefield. As a part of the process, the realtors held an open house for interested buyers on June 23, 2017 and invited Los Angeles Historic Theatre Foundation’s Board of Directors to attend.
During our walk through the three-level theatre, LAHTF leadership spoke with the representatives about the process this time around and encouraged the marketing of the building as an historic theatre with restoration and entertainment opportunities. The open house enabled LAHTF to walk all areas of the theatre including the basement, balcony, and upstairs office space. However, we were not able to walk through the included six storefronts. Under the current leveled main floor remains the original raked floor and orchestra pit. The original asbestos curtain and murals still remain…
The Westlake Theatre originally opened in 1926 before ceasing as a movie house in 1991, and had a seating capacity of 1,949. Upon ceasing exhibition, the swap meet opened in the space from 1991 to 2011, after which time the theatre has remained vacant. The CRA / LA purchased the theatre in 2008 with the intention of returning it to entertainment use. The Westlake Theatre was designated as a City Historic-Cultural Monument #546 in 1991 before being listed in the National Register of Historic Places in 2010.