2623 Ellendale Place

Los Angeles, CA 90007

PRICE REDUCED

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-$2,050,000 (-10.25%)

$17,950,000

List Price

28

bed Beds

28

shower Baths

17,099 sqft

straighten / sqft

1931

calendar_month Built

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.

Listing Information

List Price $17,950,000
Status Active
MLS 24458303
Type Residential Income
Year Built 1931
Lot Size 21,402
Structure Size 17,099
DOM 49
Courtesy Of Keller Williams Realty Downey
Listing Agent Michael R. Fukushima DRE#01380445
Co-Listing Agent Stephen F. Watson DRE#01187813

Interior Features

Laundry Information
Location(s) Laundry Room
Total Bedroom
Bedrooms 28
Total Bathroom
Bathrooms 28
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Michael R. Fukushima, Stephen F. Watson, Keller Williams Realty Downey 818-321-6490. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 5:53 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.