Multifamily
Ellendale.2670
2670 Ellendale Pl, Los Angeles, CA 90007
Listing Price: $6,500,000
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
Listing Price: $6,500,000
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

