$77.5 Million Non-Performing Office Loan
US - Washington, DC
€71,477,000 | 28,508 sm
Office
900 Hilgard Ave
900 Hilgard Ave, Los Angeles, CA, 90024-3009, US
Gallery
Asset description
0.52-Acre Development Opportunity
Attributes
Building area Gross
1,666 sm
Year built
1951
Investment highlights
- Ideally located
- UCLA is #1 public university & #13 globally
- Only 2 off-campus purpose-built student properties supporting UCLA
- Under-supply of student housing beds
- Privately-owned student housing rental rates increased by more than 30% over past 10 years
- UCLA's student body grew 4% YOY
- Proximity to key job nodes
- Rents in this submarket are amongst highest in LA metro
- Less than 1/2 miles from future subway
- Reduced parking ratio per state law
- Accessory dwelling units permitted in multifamily properties
- Directly across street from UCLA Botanical Garden
- Short car ride to Culver City, Santa Monica, Venice, and world famous LA beaches
- Property is vacant
- No replacement residential units needed
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Last updated
Feb 22, 2023