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
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
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