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Orion 668 668 W 28th St 30 Unit Apartment Building $7,000,000 ($233,333/Unit) Los Angeles, CA 90007

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Investment Highlights

Located in Fraternity Row: 2 Blocks to USC North Campus
Two-story Main Building: a front detached ADU with a rooftop deck access; an attached ADU in the rear
ADU: newly construction within the past 3 years

Within USC Patrol Zone
~83% Occupancy (from June 2025): ideal for a fraternity or sorority as leases roll over
30 bedroom student housing/fraternity asset: large bedrooms - potential double or triple beds occupancy

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 30-bedroom 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. 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.

Property Facts

Price	$7,000,000	Building Class	B
Price Per Unit	$233,333	Lot Size	0.26 AC
Sale Type	Investment	Building Size	15,121 SF
No. Units	30	Average Occupancy	33%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1906
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RD1.5 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations

Price	$7,000,000
Price Per Unit	$233,333
Sale Type	Investment
No. Units	30
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	B
Lot Size	0.26 AC
Building Size	15,121 SF
Average Occupancy	33%
No. Stories	2
Year Built	1906
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RD1.5 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations