900 Hilgard Ave, Los Angeles, CA, 90024-3009, US

900 Hilgard Ave

Asset Description

0.52-Acre Development Opportunity

...

Building area Gross

17,930 sf

Year built

1951

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