10-Unit Student Housing
2716 Ellendale Pl, Los Angeles, CA 90007
For Sale
$6,250,000
Furnished townhomes feature private entries, in-unit laundry, air conditioning and access to a gated shared amenity area.
Property Size11,650 SF
Lot Size0.38 Acres
Price / SF$536.48
Days on Market17
Property Features for 2716 Ellendale Pl
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Cap Rate
Tenant in Place
Amenities
plunge pool
spa
built-in barbecue
gated compound
key-card entry
in-unit laundry
air conditioning
stone counters
stainless steel appliances
~68 yrs remain on ground lease; ground rent is 12.75% of collected rent, no min. May assign, sublet & finance without landlord consent.
$4,366/mo prepaid rent credit offsets ground rent through Oct 2044 and assigns to buyer, cutting net ground rent to ~$21K/yr at current income.
Key-card gated compound with cameras, plunge pool, spa, BBQ, 21 parking. 10 furnished townhomes w/ private entries, in-unit laundry & A/C.
Dee Jay (renovated Craftsman, 4 townhomes) and The Joint (6 new Craftsman-style townhomes), both completed 2015, are professionally managed.
Less than half a mile from the USC campus and USC Village's shops and dining, with a Walk Score of 87, within the USC Public Safety patrol zone.
USC enrolls about 46,000 students, and 65% of upperclassmen live off campus, keeping demand for nearby housing deep and consistent year after year.
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Marcus & Millichap
Listed By:
Sean Rosenzweig · License #License(s): CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 2:09AM
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 Marcus & Millichap
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Investment Insights
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This 10-unit student housing community spans two buildings completed in 2015, with 11,650 square feet across a 16,340-square-foot parcel. The townhome-style layout includes one five-bedroom unit and nine three-bedroom units, each with a private entry. Residences are furnished and include in-unit laundry, air conditioning, stone counters and stainless steel appliances. Shared features include a gated, key-card-controlled compound, plunge pool, spa, built-in barbecue and 21 parking spaces. The offering is a leasehold interest with approximately 68 years remaining on the ground lease.
The property is less than half a mile southeast of USC Village and the campus. It is within the USC Department of Public Safety patrol zone, which operates 24 hours a day. The 110 Freeway is less than a mile east, and Downtown Los Angeles is just over two miles northeast.
The property is less than half a mile southeast of USC Village and the campus. It is within the USC Department of Public Safety patrol zone, which operates 24 hours a day. The 110 Freeway is less than a mile east, and Downtown Los Angeles is just over two miles northeast.
Key Highlights
- 10 units and 32 beds across two buildings completed in 2015
- 11,650 square feet on a 16,340‑square‑foot parcel
- Unit mix: one five‑bedroom residence and nine three‑bedroom residences
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,220
Businesses Nearby
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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
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Market
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Furnished townhomes feature private entries, in-unit laundry, air conditioning and access to a gated shared amenity area.
Where is this apartment building located?
The property is located at 2716 Ellendale Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 10 units and 32 beds across two buildings completed in 2015; 11,650 square feet on a 16,340‑square‑foot parcel; Unit mix: one five‑bedroom residence and nine three‑bedroom residences
