Hubilu Buys Two Student Housing Assets

The firm has entered into an agreement to purchase two Los Angeles properties through its wholly owned subsidiary, Elata Investments.

Hubilu Venture Corp. has entered into an agreement to purchase two Los Angeles properties through its wholly owned subsidiary, Elata Investments. The properties are located at 1618 W. 38th Street and 4016 Dalton Avenue, and the purchase agreement was not disclosed.

The properties are in the heart of the city, close to local amenities. They are located less than a mile from Exposition Park, home to the LA Memorial Coliseum and Banc of California Stadium, the Natural History Museum, California Science Center, and the new George Lucas Star Wars Museum. The properties are less than 2 miles from LA Live, Staples Center and LA Convention Center and a short metro ride to DTLA, which is now USC student’s new hub for entertainment, night life and shopping.

These properties fit perfectly into the Hubilu’s key markets, both are in path of growth, less than a mile to USC campus and within blocks from the Western/Exposition LA Metro subway station.

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