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2623 Ellendale Place, Los Angeles, CA 90007
Priced at Only: $17,950,000
For more Information Call Mobile: 714.478.6676
Address: 2623 Ellendale Place, Los Angeles, CA 90007
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  • MLS#: 24458303 ( )
  • Street Address: 2623 Ellendale Place
  • Viewed: 13
  • Price: $17,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1931
  • Bldg sqft: 0
  • Days On Market: 56
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90007
  • Provided by: Keller Williams Realty Downey
  • Contact: Michael R. Michael R.
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Appliances
  1. Dishwasher
  2. Refrigerator
Building Area Total
  1. 17099.00
Cooling
  1. None
Country
  1. US
Heating
  1. None
Laundry Features
  1. Individual Room
Levels
  1. Two
Netoperatingincome
  1. 352883.00
Parcel Number
  1. 5055006008
Pool Features
  1. Fenced
Security Features
  1. Gated Community
Sourcesystemkey
  1. 24-458303:CLAW
Totalexpenses
  1. 344473.00
Views
  1. 13
Year Built
  1. 1931
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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