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Trojandale Apartments 2623 Ellendale Pl 20 Unit Apartment Building $8,500,000 ($425,000/Unit) 4.60% Cap Rate Los Angeles, CA 90007
Investment Highlights
- Located within the USC Department of Public Safety Patrol Zone!
- Ability to develop 6 more units and 8 ADUs!
- Enclosed landscaped courtyard featuring built-in BBQ, soothing Spanish fountain, plenty of seating and lounge chairs!
- 100% Occupied with USC students!
- Subterranean parking with 20 parking spaces!
Executive Summary
Located in the Historic North University District, Trojandale is a landmark 20-unit estate that blends timeless Spanish-Hacienda architecture with modern luxury upgrades. Originally built in the 1920s and thoughtfully re-conditioned, the property preserves its historic charm while offering residents an elevated living experience centered around a beautifully landscaped courtyard. The property features eight (8) 2-bedroom, 2-bath units and twelve (12) 1-bedroom, 1-bath units situated on a 21,388 square foot lot. Trojandale also offers significant value-add potential, including the ability to develop up to six (6) additional units by right and eight (8) ADU units across two separate buildings, totaling approximately 5,500 square feet of additional rentable space. Further upside exists through the potential to add bedrooms within the existing units, many of which offer ample interior square footage for reconfiguration. Additional highlights include one of the area's only fully subterranean parking garages with 20 secure parking spaces, providing a rare convenience in this highly sought-after neighborhood.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Grill
- Family Room
- Lawn
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Pool
- Gated
- Grill
- Lounge
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $3,450 | 900 |
| 1+1 | 12 | $2,150 | 650 |
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5055-006-008 | Improvements Assessment | $1,491,782 |
| Land Assessment | $1,086,244 | Total Assessment | $2,578,026 |
Property Taxes
Parcel Number
5055-006-008
Land Assessment
$1,086,244
Improvements Assessment
$1,491,782
Total Assessment
$2,578,026
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Trojandale Apartments | 2623 Ellendale Pl
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