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Multifamily

Ellendale.2670

2670 Ellendale Pl, Los Angeles, CA 90007

Listing Price: $6,500,000

Cap Rate
5.80%
Number of Units
17
GRM
11.32
Price/Unit
$382,353
Price/Gross SF
$445.42
Gross SF
14,593

Investment Overview


• Student housing investment opportunity a half mile north of the University of Southern California
• Within the DPS Patrol Zone
• 17 units, fully occupied
• Includes three newly constructed ADU’s, completed in 2024
• 10 units have undergone full renovations
• Strong in-place cash flow – 5.80% CAP rate and 11.32 GRM with additional upside
• Walking distance to the University Park Campus and USC Village
• Recent cap ex items have been completed including a new roof, copper re-pipe of the building, replaced most of the vertical waste lines, exterior paint, new windows throughout, and installed new main electrical panel, subpanels, and meters

Investment Highlights

  • • Student housing investment opportunity a half mile north of the University of Southern California
  • • Within the DPS Patrol Zone
  • • 17 units, fully occupied

Exclusively Listed By

Financing By

Multifamily

Ellendale.2670

Listing Price: $6,500,000

Cap Rate
5.80%
Number of Units
17
GRM
11.32
Price/Unit
$382,353
Price/Gross SF
$445.42
Gross SF
14,593

Investment Highlights

  • • Student housing investment opportunity a half mile north of the University of Southern California
  • • Within the DPS Patrol Zone
  • • 17 units, fully occupied

Investment Overview

• Student housing investment opportunity a half mile north of the University of Southern California • Within the DPS Patrol Zone • 17 units, fully occupied • Includes three newly constructed ADU’s, completed in 2024 • 10 units have undergone full renovations • Strong in-place cash flow – 5.80% CAP rate and 11.32 GRM with additional upside • Walking distance to the University Park Campus and USC Village • Recent cap ex items have been completed including a new roof, copper re-pipe of the building, replaced most of the vertical waste lines, exterior paint, new windows throughout, and installed new main electrical panel, subpanels, and meters

Exclusively Listed By

Financing By

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