950 Hilgard Ave | Los Angeles, CA 90024
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950 Hilgard Ave
Los Angeles, CA 90024
RTI 12-UNIT/ 96-BED IN WESTWOOD VILLAGE! · Land For Sale
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0.22 AC
INVESTMENT HIGHLIGHTS
- RTI Ready for 12-unit, 96 bed Co-living Shovel-Ready Apartment Project. Roommate Friendly Design!
- 5-level Type V construction over 1-A garage (34 spaces)
- Projected rents to be $1500/Bed per co-living operators
- Adjacent to W Hotel in Westwood VIllage!
- ±17,089 SF BLDG plans on ±9714 SF Lot
- Walk Score 95 ("Walker's Paradise")& Transit Score 73 ("Excellent Transit") & Bike Score 79 ("Very Bikeable")
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.22 AC |
| Property Subtype | Commercial | No. Stories | 2 |
| Proposed Use | Multifamily | ||
| Zoning | LAR3 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.22 AC |
| No. Stories | 2 |
| Zoning | LAR3 |
DESCRIPTION
RTI development site adjacent to the W Hotel in Westwood Village for 12-unit, 32-bedroom, 96-bed co-living. 5-level Type V construction over 1-A garage with 34 spaces. Building size and living common areas of approximately 17,089 square feet and average unit size of approximately 1,247 SF. Lot is 9714 (per assessor). Currently there is a vacant multi-family structure on this lot. Demo permit ready to be pulled.
PROPERTY TAXES
| Parcel Number | 4360-006-017 | Improvements Assessment | $3,905,694 |
| Land Assessment | $2,650,293 | Total Assessment | $6,555,987 |
PROPERTY TAXES
Parcel Number
4360-006-017
Land Assessment
$2,650,293
Improvements Assessment
$3,905,694
Total Assessment
$6,555,987
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