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Vacant Office Building at UCLA on Large Lot 900 Hilgard Ave

19,432 SF 13% Leased Office Building Los Angeles, CA 90024 $12,995,000 USD ($669 USD/SF)

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Investment Highlights

Ideally located in the heart of Westwood just steps away from the UCLA campus and Westwood Village
Serious under-supply of student housing beds, only 55% of students are supported by on- and off-campus beds
Rents in this submarket are amongst to highest in the LA metro, consistently high demand due to proximity to jobs and amenities

As the #1 Public University and #13 University Globally, UCLA is a hub for young talent and groundbreaking research
Proximity to key job nodes for young professionals including Century City, Beverly Hills, Culver City, Brentwood, Santa Monica
Less than a half mile away from future subway (Metro D/ Purple Line) stop that will provide connectivity to Century City, Beverly Hills, Fairfax

Executive Summary

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.