5-Unit Student Housing Apartment
For Sale
$4,150,000
2647 Ellendale Place, Los Angeles, CA 90007
Turnkey student housing with a fully renovated eight-bedroom residence and four newly constructed three-bedroom ADUs with in-unit laundry.
Property Size8,344 SF
Lot Size0.27 Acres
Price / SF$497.36
Days on Market25
Property Features for 2647 Ellendale Place
General Information
Standard status
Active
Size
8,344 SF
Lot size
0.27 Acres
Property subtype
Multi-family
Financials
Asking Price
$4,150,000
Cap Rate
7.09%
Gross Income
$403,244
Gross Rent Multiplier
10.29
Units
Unit Mix
1 x 8BR/7BA, 4 x 3BR/3BA
Multifamily Units
5
Amenities
in-unit laundry
Building Details
Year Built
2016
Listing Agency:
Lyon Stahl Investment Real Estate,Inc.
Listed By:
Benjamin Lee
(714) 497-3550
Source:
Sevengables
Added: Jul 20
Changed: Aug 12
Last Checked: Aug 12 at 3:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate,Inc.
Investment Insights
Based on property information with market context.
Turnkey student housing investment at 2647–2649 Ellendale Place, offering five units and 20 beds. The property combines a fully rebuilt eight-bedroom, seven-bath residence with new systems throughout and four newly constructed three-bedroom, three-bath townhomes/ADUs. Each ADU includes in-unit laundry, creating a low-maintenance residential setup for student tenants. The combined property totals approximately 8,344 gross square feet on an 11,770-square-foot lot, with Year Built listed as 2016.
The asset is located within a ten-minute walk of the University of Southern California and is positioned in the north-of-campus corridor on a wide, tree-lined double-wide boulevard. It is described as being north of campus within a residential area where long-term owner occupancy is common.
The property is described as fully pre-leased for the 2026–2027 academic year, supported by a stated cap rate of 7.09% and a stated gross rent multiplier of 10.29. The residence was completely rebuilt in 2014 with updated plumbing, electrical, HVAC, windows, recessed lighting, and modern systems.
The asset is located within a ten-minute walk of the University of Southern California and is positioned in the north-of-campus corridor on a wide, tree-lined double-wide boulevard. It is described as being north of campus within a residential area where long-term owner occupancy is common.
The property is described as fully pre-leased for the 2026–2027 academic year, supported by a stated cap rate of 7.09% and a stated gross rent multiplier of 10.29. The residence was completely rebuilt in 2014 with updated plumbing, electrical, HVAC, windows, recessed lighting, and modern systems.
Key Highlights
- Turnkey 5‑unit, 20‑bed student housing property
- Fully rebuilt 8‑bedroom, 7‑bath residence in 2014 with new plumbing, electrical, HVAC, windows
- Four newly constructed 3‑bedroom, 3‑bath ADUs/townhomes with in‑unit laundry
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey student housing with a fully renovated eight-bedroom residence and four newly constructed three-bedroom ADUs with in-unit laundry.
Where is this apartment building located?
The property is located at 2647 Ellendale Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: Turnkey 5‑unit, 20‑bed student housing property; Fully rebuilt 8‑bedroom, 7‑bath residence in 2014 with new plumbing, electrical, HVAC, windows; Four newly constructed 3‑bedroom, 3‑bath ADUs/townhomes with in‑unit laundry
