2623 Ellendale Place
Los Angeles, CA 90007
$2,050,000.00 (-10.25%)
Active for $17,950,000
Beds: 28 Baths: 28 Structure Size: 17,099 sqft Lot Size: 21,402 sqft
| MLS | 24458303 |
| Year Built | 1931 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $17,950,000 |
| Structure Size | 17,099 sqft |
| Lot Size | 21,402 sqft |
| Beds | 28 |
| Baths | 28 |
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.
Listing information courtesy of: Michael R. Fukushima, Keller Williams Realty Downey 818-321-6490. *Based on information from the Association of REALTORS/Multiple Listing as of 01/10/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Erik Calzadillas
REALTOR®
Direct: 818.538.8338
Email: Email Me
DRE: 01428145
DRE #01873088
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