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5/02/22
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Los Angeles-based BRAD Management purchased a 28-bed student housing property in Los Angeles for $3.1 mil ($110.7k/unit). The seller was Fraternity Housing Corporation.
The property is located at 2715 Portland St, a few blocks from the University of Southern California (USC) campus. The buyer intends to continue to operate the property as student housing.
Mark Bridge and Jon Mitchell with Cushman & Wakefield’s Multifamily Advisory Group in Orange County represented both parties in the transaction.
“This was a superb and unique student housing investment well located near the university, and also providing quick access to many nearby on-and off-campus amenities including USC Village, the LA Memorial Coliseum, as well as Interstates 10 and 110,” said Mitchell.
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