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2623 Ellendale Place

Los Angeles (City), CA 90007
  • $14,500,000
  • STATUS: Active
  • ON SITE: 176 Days
  • MLS #: 24458303
UPDATED: 52 min ago
$14,500,000
  • 28
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 17,099
    SQFT
  • $848
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1931
County:

School Ratings & Info

Listing Agent(s): Michael R. Fukushima of KW SELA (562-334-1500) and Stephen F. Watson of KW SELA(562-334-1500)


Description

*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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T13:33:44.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/157342987
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2623 Ellendale Place Los Angeles (City), CA 90007

  • Price: $14,500,000
  • Status: Active
  • On Site: 176 Days
  • Updated: 52 min ago
  • MLS #: 24458303
28
Beds
0
Baths
0
½ Baths
0.49
Acres
17,099
SQFT
$848
$/SQFT
1931
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
*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.
Exterior Features

Parking Total 12 Pool Features Fenced

Interior Features

Appliances DishwasherRefrigerator Cooling None Cooling YN No Heating None Heating YN No

Property Features

Association YN No Cap Rate 2.1 Community Features Gated Gross Income 697356 Laundry Features Laundry Room Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 352883 New Construction YN No Rent Control YN Yes Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T13:33:44.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Michael R. Fukushima of KW SELA (562-334-1500) and Stephen F. Watson of KW SELA(562-334-1500)