2623 Ellendale Place
Los Angeles, CA 90007
17099 sqft | 28 beds | 0.49 acres | #24458303
Description
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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$20,000,000
- MLS #24458303
- Cost17950000
- MLS #24458303
- Acres0.4913
- Square Feet17099
- Year Built1931
- Bedrooms28
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael R. Fukushima (#CLW-X88678)
Listing Office: Keller Williams Realty Downey (#CLW-X81596)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
