888 Hilgard Ave

Institutional-Quality Asset in Westwood | 60-unit generational trophy multifamily community located in the heart of Westwood, one of the most supply-constrained and irreplaceable rental markets in Los Angeles.
Flexible Operating Strategy with Upside | Currently operated as a short-term rental (STR) community, with multiple execution paths including continued STR operations, student housing, or traditional multifamily.
Significant Capital Improvements | Over $5 million invested in a comprehensive renovation (2014– 2015), transforming the property into a modern, well-amenitized luxury community aligned with Westwood renter expectations.
Direct Proximity to UCLA | Irreplaceable location directly across from the University of California, Los Angeles, a globally recognized institution with approximately 80,000 students and staff and ranked #2 among public universities in the 2026 U.S. News & World Report Best Colleges rankings.
Walkable Access to Westwood Village | Steps from Westwood Village, featuring over 1 million square feet of retail, dining, and entertainment, attracting approximately 13.3 million annual visitors and supporting a 20,000-person employment base.
Prestigious Surrounding Neighborhoods | Positioned among Los Angeles’ most prestigious residential enclaves, including Beverly Hills Gateway, Bel Air, and Holmby Hills, with nearby home sales ranging from approximately $11.5 million to $47 million, reinforcing the exclusivity and pricing power of the immediate area.
Severe Housing Supply-Demand Imbalance | Daytime population exceeding 130,000—over 3x the residential population (~50,000)—highlighting a significant housing imbalance within a fully built-out submarket containing only ~20,000 existing housing units and virtually no remaining development sites.
High-Income Demographic | Affluent and highly educated renter base, with average household incomes exceeding $150,000 within a three-mile radius.

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Broker of Record

David Harrington