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668 28Th St Los Angeles, CA 90007

60-bed student housing, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional value-add investment opportunity, known as Victory House, is a 60-bed student housing property located at 668 W 28th St, Los Angeles, CA 90007. Situated on an 11,247 square foot lot, the property boasts a total building size of 12,269 square feet, with 7,700 square feet of net rentable space. Currently at 17% occupancy, with an occupancy date of October 22, 2024, this property presents a significant upside potential. The two-building complex includes 29 units and was originally built in 1906, undergoing extensive renovations in 2008 and 2022, including the addition of new ADUs. Located in the heart of USC's Fraternity Row, within the USC Department of Public Safety patrol zone, Victory House benefits from a secure and desirable location for students, just 0.5 miles from the main University Park campus. The property is zoned RD1.5 and its APN is 5123-013-409. This Bank REO property, currently in receivership, is subject to court approval. The property's prime location and the high demand for student housing in Los Angeles create a compelling investment opportunity. Note that building square footage may vary; buyer to verify.

Highlights

  • 60-bed student housing property located in Los Angeles' Fraternity Row, within the USC patrol zone.
  • Two-story main building with approximately 17% occupancy, offering 7,700 square feet of net rentable space.
  • Recently renovated (2008 & 2022) with new ADUs added within the past two years.
  • Bank-owned Real Estate Owned (REO) property in receivership, subject to court approval.
  • Situated on an 11,247 square foot lot, with a total building size of approximately 12,269 square feet (buyer to verify).

Property Details for 668 28Th St

Property type
Dormitories, Student housing
Square Feet
12,269 SF
Year Built/Renovated
106/2008
Buildings
2
Units
29

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.027063677959
Longitude
-118.27951756827

FAQs

What type of property is this?
Dormitory - 60-bed student housing, prime location.
Where is the dormitory located?
The property is located at 668 28Th St Los Angeles, CA.
What are key features of this property?
This property features: 60-bed student housing property located in Los Angeles' Fraternity Row, within the USC patrol zone.; Two-story main building with approximately 17% occupancy, offering 7,700 square feet of net rentable space.; Recently renovated (2008 & 2022) with new ADUs added within the past two years.
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668 28Th St
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