Landmark Properties Delivers 1,261-Bed Student Housing Community Near USC in Los Angeles

Landmark Properties has completed The Standard at Los Angeles, a 1,261-bed, 429-unit student housing community situated 0.3 miles from the University of Southern California campus at 3900 South Figueroa Street in Los Angeles. The Athens, Georgia-based real estate investment firm announced the delivery on August 24, 2026.

The project represents Landmark Properties' second ground-up development in Los Angeles and adds to the firm's growing presence in the market, which now spans roughly 3,400 beds across four assets serving students at USC and UCLA.

Project Details and Design

Rising eight stories, The Standard at Los Angeles was designed by HED and built by Landmark Construction, the in-house construction arm of Landmark Properties. The building contains 429 units in a mix of studio through five-bedroom floor plans, with unit sizes ranging from approximately 598 square feet for a one-bedroom layout to more than 2,000 square feet for select five-bedroom configurations.

All apartments are delivered fully furnished and wired for cable and high-speed internet. Each unit features in-unit laundry, private bathrooms for each bedroom, hardwood-style flooring, quartz countertops, and stainless-steel appliances. Per-bed pricing at lease-up has been listed starting in the $900s to low $1,300s per bed, depending on bedroom count and floor plan.

The site, spanning approximately 4.4 to 4.5 acres, was previously held by Ventus Group, which had entitled a mixed-use project known as The Fig before Landmark Properties acquired the property and pursued its own development program.

Amenities and Retail

The building's amenity package includes a rooftop outdoor pool, a rooftop Jumbotron, lounge areas, and a clubhouse with gaming and community gathering spaces. Additional amenities include a fitness and wellness center, a sports simulator, study areas, five ground-floor courtyards, a public plaza, and an outdoor dog park. A covered, gated on-site parking garage serves residents, guests, retail visitors, and gameday and event parking.

The Standard at Los Angeles also features more than 13,000 square feet of ground-floor retail fronting South Figueroa Street. The property's location places it within walking distance of BMO Stadium and the LA Memorial Coliseum in addition to USC's main campus.

Executive Commentary

"We're excited to open doors at The Standard at Los Angeles and welcome our first residents to our community — just steps from USC's campus, BMO Stadium and Memorial Coliseum," said Jason Doornbos, Chief Development Officer at Landmark Properties. "The Standard's market-leading amenities, design, and luxury unit finishes set a new benchmark for student housing near USC, and this delivery reflects the caliber our team consistently delivers at Landmark."

Landmark Properties' Los Angeles Expansion

The Standard at Los Angeles is the second ground-up development Landmark Properties has delivered in the Los Angeles market. In 2025, the firm completed The Mark Los Angeles near UCLA. Landmark Properties also owns Icon Plaza and West 27th Place, both of which serve USC students, bringing its total Los Angeles-area student housing portfolio to four assets.

Headquartered in Athens, Georgia, with offices in Atlanta, New York, and London, Landmark Properties manages more than $15 billion in assets under management across more than 115 residential communities in the United States, with 76,000 beds under management. The firm also maintains an active development pipeline of more than 50 student and multifamily projects under construction or near-term start, with an estimated value exceeding $10 billion.

Sources

Landmark Properties – The Standard at Los Angeles Delivery Announcement