Raintree Partners Sells 153-Unit Axiom Westwood Student Housing Portfolio For $62.6M In Los Angeles

The Axiom Westwood student housing portfolio, consisting of 153 units across four buildings located at 415 Gayley Avenue, 411 Kelton Avenue, 555 Kelton Avenue, and 555 Levering Avenue in Los Angeles, was sold for $62.6 million. The portfolio highlights a per unit price of $409,150 and is situated in a market that supports strong investor interest in student housing linked to prestigious universities.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $62,600,000
• Number of Units: 153
• Price Per Unit: $409,150
• Seller: Aaron Hancock - Raintree Partners
• Brokerage: Kevin Green, Joe Grabiec & Greg Harris - Institutional Property Advisors - Marcus & Millichap
• Market: Los Angeles

This sale marks the largest multifamily transaction in Westwood by unit count since 2020. The transaction reflects ongoing investor demand for student housing in proximity to the University of California, Los Angeles, facilitated by the brokerage expertise of Institutional Property Advisors.