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Mary Oh

mary.socalre@gmail.com +1(714) 595-1787

$ 17,950,000

Est. payment -/mo

Save

Price Dropped by $2.0M

2623 Ellendale PL Los Angeles, CA 90007

28 Beds

28 Baths

17,099 SqFt

UPDATED:

12/19/2024 05:53 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,099 sqft

Price per Sqft $1,049

MLS Listing ID 24458303

Bedrooms 28

HOA Y/N No

Year Built 1931

Lot Size 0.491 Acres

Property 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Laundry Room

Exterior

Pool Fenced

Community Features Gated

Total Parking Spaces 12

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5055006008

Security Features Gated Community

Special Listing Condition Standard

Listed by Michael R. Fukushima • Keller Williams Realty Downey

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(714) 595-1787

mary.socalre@gmail.com

110 E Wilshire Ave, Suite G1, Fullerton, California, 92832, USA