Project Description

Victory On 30th

Victory On 30th

usc student housing

Student housing adjacent to USC campus in Los Angeles, CA.

DEVELOPMENT | STUDENT HOUSING

Victory On 30th

Project Profile

  • Investment Type: Luxury Student Housing Development
  • Units: 24 two-bedroom units, 96 beds
  • Purchase Price: $3,700,000
  • Est. Project Cost: $13,000,000
  • Est. Equity Investment: $5,100,000

Status

Stabilized

Business Plan

Utilize existing zoning for “by-right” approval to build 24 luxury flats for rent, stabilization, refinance, and hold for long-term investment.

Investment Highlights

  • Location: “A” location within two blocks of campus
  • Purchase: Purchased at a discount to market value
  • Lease-Up: 100% occupancy for 2021 – 2022 academic year
usc student housing