Champion Portland LLC Acquires Multifamily Property Near USC For $14.1M

A multifamily property located at 2353 Portland Street in the USC market has been sold for a price of $14,100,000. The property spans across 28,430 square feet, resulting in a price per square foot of $495.95. With a total of 47 units, the price per unit stands at $300,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,100,000
• Address: 2353 Portland Street
• Market: USC

Champion Portland LLC has acquired the property from Century Park LLC. The transaction was facilitated by Jonathan Taksa from Taksa Investment Group.

This off-market student housing property is situated in close proximity to USC and boasts a well-maintained courtyard. The property features a pool, rec room, and leasing office. Additionally, at the time of sale, over half of the units were vacant, offering ample opportunities for further development and occupancy.