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October 17, 2021
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Champion Real Estate Company Picks Up Former Fraternity House at USC in $7.5 Mil Deal


Champion Real Estate Company has acquired the former University of Southern California (USC) Alpha Gamma Omega fraternity house located at 2831 University Ave in Los Angeles from University at 30th Investors LLC for $7.5 mil. The property, which will be rebranded as Victory House West, is the company's sixth student-housing property near the USC campus.

Champion will begin immediately on a complete overhaul of the 1947 constructed building. Victory House West will feature an oversized community lounge, thoughtfully designed courtyard, sports lounge and private study carrels. It will be leased by the bed and all beds will be fully furnished including televisions and Sonos soundbars.

"As we exit the pandemic, student housing occupancy at USC, especially for assets at prime locations like Victory House West, has returned to pre-COVID levels," said Garrett Champion, Executive Vice President with Champion Real Estate Company. "We will continue to make strategic student housing and multifamily acquisitions that meet our business goals."

Michael Fukushima and Stephen F. Watson of KW Commercial represented both parties in the deal.

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