668 W 28th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$7,000,000 USD
626-688-8864
668 W 28th St, Los Angeles, CA for Sale
$7,000,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

668 W 28th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Located in Fraternity Row: 2 Blocks to USC North Campus
  • Within USC Patrol Zone
  • Two-story Main Building: a front detached ADU with a rooftop deck access; an attached ADU in the rear
  • ~83% Occupancy (from June 2025): ideal for a fraternity or sorority as leases roll over
  • ADU: newly construction within the past 3 years
  • 30 bedroom student housing/fraternity asset: large bedrooms - potential double or triple beds occupancy

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

30

PRICE/UNIT

$233,333

CAP RATE

Request Cap Rate

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orion 668

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,210 SF

ZONING

RD1.5

APN/PARCEL ID

5123-013-409

ASK ABOUT THIS PROPERTY

626-688-8864

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626-688-8864

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