Asset type	Operational portfolio
Location	Los Angeles, USA
Capacity	153 units
Seller	Raintree Partners
Buyer	Private investor
Value	$62.6 million

Axiom Westwood

Source: Raintree Partners

The four student housing properties - located at 415 Gayley Avenue, 411 Kelton Avenue, 555 Kelton Avenue and 555 Levering Avenue - sit within easy walking distance of UCLA and the surrounding retail and leisure amenities.

Developed between 1962 and 1967, the low-rise buildings span three to four stories and offer a mix of studio, one- and two-bedroom apartments.

Select units feature private balconies or patios, while residents benefit from shared amenities including multiple laundry rooms, two swimming pools, barbecue areas and covered parking.

Strategic context

This was the largest property by unit count to sell in the Westwood neighborhood since 2020, according to Institutional Property Advisors (IPA). The assets previously traded for $54.6 million (about $356,535 per unit) in 2014.

IPA brokered the deal on behalf of the seller and procured the buyer, a private investor.