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900 Hilgard Ave - VACANT Office Bldg. for Student Housing Dev.
0.52 Acres of Residential Land Offered at £10,334,818 in Los Angeles, CA 90024
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INVESTMENT HIGHLIGHTS
- Ideally located in the heart of Westwood just steps away from the UCLA campus and Westwood Village
- Proximity to key job nodes for young professionals including Century City, Beverly Hills, Culver City, Brentwood, Santa Monica
- Accessory dwelling units, both attached and detached now permitted in multifamily properties with review required within 60 days
- As the #1 Public University and #13 University Globally, UCLA is a hub for young talent and groundbreaking research
- Rents in this submarket are amongst to highest in the LA metro, consistently high demand due to proximity to jobs and amenities
- Short car or bus ride to Culver City, Santa Monica, Venice, and world famous LA beaches
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Price | £10,334,818 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 0.52 AC |
Price | £10,334,818 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.52 AC |
1 LOT AVAILABLE
Lot
Price | £10,334,818 | Lot Size | 0.52 AC |
Price Per AC | £19,874,650.48 |
Price | £10,334,818 |
Price Per AC | £19,874,650.48 |
Lot Size | 0.52 AC |
Current office building
DESCRIPTION
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.
PROPERTY TAXES
Parcel Number | 4360-006-024 | Improvements Assessment | £1,015,303 |
Land Assessment | £8,307,040 | Total Assessment | £9,322,343 |
PROPERTY TAXES
ZONING
Zoning Code | R3 (Commercial) |
R3 (Commercial) |
Presented by
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900 Hilgard Ave - VACANT Office Bldg. for Student Housing Dev.
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