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900 Hilgard Ave - VACANT Office Bldg. for Student Housing Dev.

0.52 Acres of Residential Land Offered at $12,995,000 USD 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

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 Facts

Price	$12,995,000 USD	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
No. Lots	1	Total Lot Size	0.52 AC

Price	$12,995,000 USD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	0.52 AC

1 Lot Available

Lot

Price	$12,995,000 USD	Lot Size	0.52 AC
Price Per AC	$24,990,385 USD

Price	$12,995,000 USD
Price Per AC	$24,990,385 USD
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.