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California  + Los Angeles  + Student Housing  | 
Victory on Ellendale is one of six student housing properties Champion Real Estate owns near the USC campus

Student Housing Near USC Campus Trades in $21M Deal 

Champion Real Estate Company sold Victory on Ellendale, a 24-unit, 96-bed student housing community in Los Angeles, to an undisclosed buyer for $20.5 million. Champion acquired the property in 2018 for $12.45 million. 

Dating from 1963, Victory on Ellendale is located at 2652-2656 Ellendale Pl. One of Champion’s six student housing assets near USC, the property was fully renovated in 2019 with new stainless-steel appliances, quartz countertops, cabinetry, hardware, lighting, window coverings, vinyl plank flooring, bathroom upgrades and paint. 

“In just a few short years, we have seen the Los Angeles student housing market grow significantly and as a result, cap rates compress,” said SVP Garrett Champion. “While we prefer to hold deals for long-term cash flow, we had already identified a 1031 exchange property, providing a tax-efficient investment for our investors.” 

Vanguard Investments’ Arthur Arejian and Jon Tran represented both buyer and seller. 

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Inside The Story

Vanguard Investments' Arejian

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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