Cushman & Wakefield, Inc., as exclusive advisor, is offering for sale The Cypress (the “Property”), a lender-owned, 34-unit apartment community located one mile from UCLA in Westwood (Los Angeles), California.
Adjacent to UCLA with Strong Renter Demand
The Property is minutes from UCLA's 419-acre campus and is 100% leased with a wait list of applicants. Over 70% of residents at The Cypress are UCLA students or faculty.
Recently Renovated, Bespoke Micro Units
The Cypress was comprehensively renovated during 2022-2023 including all building systems, living areas, and common areas. The Property is just one of four purpose-built apartments in the Westwood submarket specifically curated with contemporary micro-living units.
Dynamic West Los Angeles Location
The Cypress is located within 3 miles of all major Westside employment centers including Santa Monica, Century City, Beverly Hills, Culver City, Playa Vista and Brentwood. Within minutes of the Property are the world’s largest tech, entertainment, and media companies, including Riot Games, Google, Amazon, Apple, Facebook, HBO, and Netflix driving significant renter demand.
At the Doorstep of the 2028 Summer Olympics
UCLA will host the main Olympic athletic training center, Olympic Village, and tennis, judo and wrestling competitions. Over 17,000 Olympic athletes and support personnel are expected to reside in the immediate area during the Olympics.