2670 Ellendale Pl | Los Angeles, CA 90007
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2670 Ellendale Pl
Los Angeles, CA 90007
Multifamily Property For Sale
·
17 Units
Investment Highlights
- The Neema Group of Marcus & Millichap is pleased to present 2670 Ellendale Place, a newly renovated 17 Unit / 35 Bedroom student housing investment
- 13 of the 17 units are either brand new or fully renovated, presenting a prime opportunity to acquire a recession-proof passive investment
- The subject property is currently being rented by the unit and unfurnished, allowing further rental upside through double occupancy and furnished rent
- Located a half mile north of the University of Southern California, within the USC Department of Public Safety 24 Hour Patrol Zone
- The remaining 4 units have long term tenants at less than 30% of market rent, offering an investor significant upside potential
- The property is walking distance to the University Park Campus and USC Village
Property Facts
| No. Units | 17 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 14,593 SF |
| Property Subtype | Dormitory | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1964 |
| Zoning | LAR4 - high density residential | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 14,593 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1964 |
| Zoning | LAR4 - high density residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 12 | - | - |
| 2+2 | 2 | - | - |
| 5+5 | 1 | - | - |
Property Taxes
| Parcel Number | 5055-013-001 | Improvements Assessment | $1,404,540 |
| Land Assessment | $3,277,260 | Total Assessment | $4,681,800 |
Property Taxes
Parcel Number
5055-013-001
Land Assessment
$3,277,260
Improvements Assessment
$1,404,540
Total Assessment
$4,681,800
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