Trojandale - Student Housing at USC! 2623 Ellendale Pl 20 Unit Apartment Building $11,000,000 ($550,000/Unit) 4.09% Cap Rate Los Angeles, CA 90007

*Trojandale is owned and operated by CDI Management. The property 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. One of the only properties with a subterranean garage in the area. Fully occupied by students since an enormous rehab and renovation in 2005. Professionally property managed by the in area operator for 20 years.
For Sale: Exquisite Student Housing at USC in the Heart of North University District
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 8 two-bedroom apartments and 12 one- bedroom apartments, providing ample options for students. Exclusively occupied with USC students since 2004. There are preliminary plans to add 14 Studio Units, 6 additional units by right and 8 Additional Dwelling Units, expanding the total rentable area by about 5,500 sq. ft. This enhancement
could increase rental income by approximately $396,000 annually. Additionally, there is opportunity to increase the number of bedrooms inside the existing building. Each unit has ample space to add an additional bedroom thus further increasing rent potential.
Step inside to find spacious living areas flooded with natural light, elegant finishes, and a vibrant community atmosphere. Enjoy luxurious amenities, including a state-of-the-art kitchen, high-speed internet, and on-site laundry facilities. The beautifully landscaped interior courtyard offers a serene escape, perfect for socializing and relaxation. Additional conveniences include one of the only fully subterranean parking garages in the area, ensuring hassle-free access for residents.
Located within walking distance from USC, this exceptional luxurious property offers easy access to campus, local dining, and entertainment, making it the ideal choice for students who want the best of both worlds: a serene retreat and a lively neighborhood. Renting to university students can be a smart strategy for property owners, particularly when trying to shield investments from the potential impacts of rent control. Every year the students lease from August 1st to July 31st during the school year and vacate as they graduate giving the owner the opportunity to increase rents to market levels annually. Don’t miss your chance to own this remarkable piece of real estate that seamlessly blends historic charm with modern luxury—schedule a viewing today!