900 Hilgard Avenue

Los Angeles, CA 90024

PRICE REDUCED

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-$955,000 (-6.85%)

$12,995,000

List Price

0

bed Beds

shower Baths

19,432 sqft

straighten / sqft

1951

calendar_month Built

Property Description

HUGE PRICE REDUCTION!! CURRENTLY VACANT OFFICE BUILDING! We are 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.

Listing Information

List Price $12,995,000
Status Active
MLS 24420763
Type Residential Income
Year Built 1951
Lot Size 22,499
Structure Size 19,432
DOM 117
Courtesy Of Remax Commercial and Investment Realty
Listing Agent Jonathan Taksa DRE#01366169

Interior Features

Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Jonathan Taksa, Remax Commercial and Investment Realty 424-672-8220. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:19 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.