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Victory House East 668 W 28th St

60 Unit Block of Flats For Sale Los Angeles, CA 90007

Investment Highlights

  • Located in Fraternity Row: 2 Blocks to USC North Campus and within USC Patrol Zone
  • Two-story Main Building: A front detached ADU with a rooftop deck access; and an attached ADU in the rear
  • ADU: Newly construction within the past 2 years
  • 60-bed Student Housing Asset
  • ~17% Occupancy: Ideal for a value-add student housing operator

Executive Summary

SVN is pleased to present the Victory House Student Housing, a value-add investment opportunity located at 668 W 28th St, Los Angeles, CA 90007. This 60-bed property sits in the heart of USC's student housing community, just 0.5 miles from the main University Park campus. Situated along USC’s iconic Fraternity Row, Victory House benefits from its premier location within the USC DPS security patrol zone, making it an attractive and secure option for students.
Originally built in 1906, the property was extensively renovated in 2022 (approximate) with 2 new ADU addition and has since been in service as a student housing project, achieving 100% occupancy from the inception of the student housing conversion. Currently 17% occupancy. The property offers a total building size of 12,269 SF, on a 11,247 SF lot (per previous appraisal completed in 2021). For reference, title shows a total of 10,829 Building SF, (Buyer to verify). Victory House’s prime location, combined with the ever-increasing demand for affordable student housing in Los Angeles, presents a rare and compelling investment opportunity.
**Open House On 10/25 - EMAIL Broker To RSVP

Property Facts

Sale Type Investment
Sale Conditions
Distress Sale
  • Deferred Maintenance
  • High Vacancy Property
  • Development Sale
No. Units 60
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.26 AC
Building Size 12,269 SF
Average Occupancy 17%
Number of Floors 2
Year Built/Renovated 1906/2022
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Kitchen
  • High Speed Internet Access
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Laundry Facilities
  • Grill
  • Lounge
  • Private Bathroom
Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (81)
Bike Score ®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5123-013-409
Land Assessment
£4,431,196
Improvements Assessment
£2,321,102
Total Assessment
£6,752,298

zoning

Zoning Code RD1.5 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)
RD1.5 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)
  • Listing ID: 33601937

  • Date on Market: 22/10/2024

  • Last Updated:

  • Address: 668 W 28th St, Los Angeles, CA 90007

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