900 Hilgard Ave - Loft/Creative Space FOR SALE


Los Angeles, CA 90024
$12,995,000 USD
310-968-5303
900 Hilgard Ave, Los Angeles, CA for Sale
$12,995,000 USD
Loft/Creative Space - FOR SALE
1/41
null | Request Cap Rate

900 Hilgard Ave
Los Angeles, CA 90024


HIGHLIGHTS

  • Ideally located in the heart of Westwood just steps away from the UCLA campus and Westwood Village
  • As the #1 Public University and #13 University Globally, UCLA is a hub for young talent and groundbreaking research
  • Serious under-supply of student housing beds, only 55% of students are supported by on- and off-campus beds
  • Proximity to key job nodes for young professionals including Century City, Beverly Hills, Culver City, Brentwood, Santa Monica
  • Rents in this submarket are amongst to highest in the LA metro, consistently high demand due to proximity to jobs and amenities
  • Less than a half mile away from future subway (Metro D/ Purple Line) stop that will provide connectivity to Century City, Beverly Hills, Fairfax

OVERVIEW

NEW INCREDIBLE PRICING. Jonathan Taksa of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 900 Hilgard Avenue (the “Property” or “Site”), a ±0.52-acre located in the heart of Westwood. The Site boasts close proximity to both the University of California Los Angeles (UCLA) campus and vibrant Westwood Village. Favorable zoning allows for a range of uses including multifamily, retail, office, and hotel. With UCLA just steps away and the university’s continued need for housing, the Site is also ideally suited for student housing. Additionally, California recently adopted several new housing laws intended to ease multifamily development including reduced parking requirements and allowance of accessory dwelling units (ADUs) on certain sites. This exceptional and rare opportunity offers a buyer a range of attractive redevelopment options in the thriving Westwood market.

FOR SALE DETAILS

PRICE

$12,995,000 USD

PRICE/SF

$669 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant Office Building at UCLA on Large Lot

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

LAR3

APN/PARCEL ID

4360-006-024

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.