Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90007 2623 Ellendale Place

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Presented By: Michael R. Fukushima with Keller Williams Los Angeles;
  • MLS# 24458303
  • 10/30/2024
  • Request Tour
  • Request Info
  • Beds • 28
  • Baths • 28
  • SQFT • 17,099
  • Year Built • 1931

Home Details

*Trojandale is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* Best property in the student housing area surrounding the USC campus! Discover the crown jewel of the North University District with this stunning updated historic property, perfectly tailored for USC students seeking a blend of luxury and tradition. This unique residence boasts a beautiful Spanish-hacienda design, preserving its ornate architectural details while offering modern amenities that ensure comfort and convenience. The property currently features 20 units, comprising a mix of eight two-bedroom apartments and 12 one-bedroom apartments, providing ample options for students. There are preliminary plans to add six additional units by right and potentially up to eight Additional Dwelling Units, expanding the total rentable area by about 5,500 sq. ft. This enhancement could increase rental income by approximately $270,000 annually. There is an opportunity to increase the number of bedrooms inside the existing building. Each unit has ample space to add an additional bedroom. Don't miss your chance to own this remarkable piece of real estate that seamlessly blends historic charm with modern luxury.
Presented By: Michael R. Fukushima with Keller Williams Los Angeles;

Interior Features for 2623 Ellendale Place

Bedrooms

Total Bedrooms28

Bathrooms

Half Baths0
Total Baths28
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Total Stories

General for 2623 Ellendale Place

Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator
Architectural StyleSpanish
Attached Garage No
Cap Rate4.1
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingNone
CountyLos Angeles
DirectionsFrom Downtown, start on Harbor Freeway, then take the exit and keep right onto I-10 West. Keep right towards the California Science Center and keep right onto Vermont Ave. Turn left onto S Vermont Ave,
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income704400.0
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet21402.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income450343.0
New ConstructionNo
Number Of Units Total20
Pool FeaturesFenced
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas
Year Built1931
ZoningLAR3

Exterior for 2623 Ellendale Place

Building Area Total17099.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.4913
Lot Size Area21402.0
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking12.0
Waterfront Y/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $11,000,000
MLS#24458303
List Date 10/30/2024
Property Type Multi-Family
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Request Info
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