535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building

$6,850,000.00
Sold
535 Glenrock Ave, Los Angeles, CA 90024, USA
1586 Property ID
5,771 SqFt Size
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building
535 Glenrock Ave., Los Angeles, CA 90024 – Coveted Westwood Village North 26 Bed UCLA Student Housing Building

Description

Maher Commercial Realty as the exclusive listing agent was able to sell this four-unit, 26-bed student housing building for a record $6,850,000.  Through our extensive network of contacts to student housing operators and developers, we were able to create a new record cap rate, price per square foot, per per door, and price per square foot on land.  In short, this is the highest-priced sale in North Westwood Village by all trackable apartment building metrics.

Property Features

  • All leases have been custom drafted to accommodate the unique nature of student housing.
  • All leases are co-signed with a guarantor.
  • Renovations of kitchens and common areas completed in 2016.
  • Seismically retrofitted building to ensure structural safety.
  • Upgraded FF&E package- All furniture, fixtures and equipment transferred with sale of property.
  • Each unit has a kitchen, living room and laundry room with washer/dryer included.
  • BBQ picnic area and sundeck for residents to enjoy.
  • High speed internet and cable available.
  • Student questionnaires have been used to best align students as roommates and co-tenants.
  • One unit comprises of 7 people who all applied together as one group.
  • Upside Potential- Large 8,131 square foot R4 lot allows for development of up to 16 units or an additional 800 square foot 3 bedroom ADU (accessory dwelling unit).
  • 8-car tandem parking.

Address

  • Address 535 Glenrock Ave, Los Angeles, CA 90024, USA
  • Country United States
  • Postal code/ZIP 90024
Open on Google Maps

Overview

  • Property ID 1586
  • Price $6,850,000.00
  • Property Type
  • Property status
  • Size 5,771 SqFt
  • Zoning 8-car tandem parking
  • Entitlement Status All leases are co-signed with a guarantor

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Contact

Oron Maher

Oron Maher

Property Agent

275 S Beverly Dr, Beverly Hills, CA 90212, USA
(310) 464-1453
MaherCR.com

Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093

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