$77.5 Million Non-Performing Office Loan
US - Washington, DC
MYR 341,969,000 | 28,508 m²
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 m²
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
Contact brokers
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
22 Feb 2023