"The Axiom Westwood portfolio, which includes four buildings and 153 units, was sold for $62.6 million, marking the largest sale in Westwood by unit count since 2020. This transaction reflects a renewed investor interest in student housing near major universities, particularly in areas with strong fundamentals."
"The properties, located adjacent to UCLA, were last traded for $54.6 million in 2014, indicating significant appreciation over the past decade. Built between 1962 and 1967, the buildings offer studio, one- and two-bedroom units, with select apartments featuring private balconies or patios."
"Shared amenities at Axiom Westwood include two swimming pools, barbecue areas, multiple laundry facilities, and covered parking, all enhanced by recent capital improvements. Development around the UCLA campus continues, with new projects proposed to meet the ongoing demand for student housing."
Raintree Partners sold the Axiom Westwood portfolio, consisting of four buildings and 153 units, for $62.6 million. This sale is the largest in Westwood by unit count since 2020, indicating renewed interest in student housing near major universities. The properties, located near UCLA, were last sold for $54.6 million in 2014, showing significant appreciation. The buildings feature various unit sizes and shared amenities, with ongoing development plans around the UCLA campus. Despite enrollment fluctuations, investment in student housing remains strong in prime locations.
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