BRAD Management & Affiliates Acquires Student Housing Near USC For $21.25M

Brennan Wise, Tyler Virgadamo & Jerry Wise handled the sale of a student housing property located at 631-701 West 30th St. in University Park. The property, consisting of 35,789 square feet, was sold for $21,250,000, resulting in a price per square foot of $593.

Summary of transaction details:

• Property Type: Student Housing
• Sale Price: $21,250,000
• Square Footage: 35,789
• Address: 631-701 West 30th St.
• Market: University Park

BRAD Management & Affiliates, represented by their broker Brennan Wise, Tyler Virgadamo & Jerry Wise, acquired the property from Larry Clumeck. The buyer expressed excitement about the acquisition, as it adds to their existing portfolio of student housing near USC. The purchased property consists of 49 units and over 80 bedrooms, further enhancing their presence in the market.

Note from the buyer: BRAD + Moxie Management have acquired 4 contiguous parcels of student housing near USC with 49 units & over 80 bedrooms.