Landmark Kicks Off LA Student Housing Project
The developer acquired the site for $114.8 million last year.
Landmark Properties has broken ground on The Standard at Los Angeles, a 429-unit, 1,236-bed student housing community near the University of Southern California’ Los Angeles campus. Plans also call for the renovation of five existing townhomes encompassing 48 beds.
Last year, the developer acquired the 4.5-acre site for $114.8 million from Ventus Group. Landmark’s in-house general contractor, Landmark Construction, is set to complete the project by August 2026.
Upon delivery, The Standard at Los Angeles will comprise studio and one- to five-bedroom layouts, as well as more than 60,000 square feet of interior and exterior amenity space. Units are set to feature stainless steel appliances, quartz countertops, private bathrooms, washers and dryers, along with private balconies or patios in select floorplans.
Common-area amenities are slated to include a swimming pool with sundeck, outdoor grilling stations and a Jumbotron. Additionally, the property will have a clubhouse with a fitness center and yoga studio, multiple study lounges, an interior courtyard, a grab-n-go and onsite parking.
The community is rising at 3900 S. Figueroa St., close to the 160-acre Exposition Park, which comprises the BMO Stadium and LA Memorial Coliseum, and less than half a mile from the USC campus. Downtown Los Angeles is 5 miles northeast, while Los Angeles International Airport is 15 miles away.
Landmark’s student housing inventory
According to Yardi Matrix information, Landmark Properties has 68 student communities completed or in different development stages across the country. The Standard at Los Angeles represents Landmark’s second student housing project in Los Angeles, the first being The Mark at Los Angeles, a 166-bed community serving University of California Los Angeles, which opened last fall.
In January, the firm acquired a 15-acre site for the development of a 303-unit, 936-bed community that will serve the University of Colorado at Boulder. The property is expected to come online in fall 2027.
A few months earlier, the company purchased a 1,290-bed student asset from Saban Capital Group. That community serves the Louisiana State University campus in Baton Rouge, La.
