2670 Ellendale Pl | Los Angeles, CA 90007
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2670 Ellendale Pl
Los Angeles, CA 90007
Build-to-Rent Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- The Neema Group of Marcus & Millichap is pleased to present 2670 Ellendale Place, a newly renovated 17 Unit / 35 Bedroom student housing investment
- 13 of the 17 units are either brand new or fully renovated, presenting a prime opportunity to acquire a recession-proof passive investment
- The subject property is currently being rented by the unit and unfurnished, allowing further rental upside through double occupancy and furnished rent
- Located a half mile north of the University of Southern California, within the USC Department of Public Safety 24 Hour Patrol Zone
- The remaining 4 units have long term tenants at less than 30% of market rent, offering an investor significant upside potential
- The property is walking distance to the University Park Campus and USC Village
PROPERTY FACTS
| No. Units | 17 | Total Plot Size | 0.25 ac |
| Property Type | Build-to-Rent | Property Size | 14,593 sq ft |
| Property Subtype | Shared Accommodation | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Floors | 3 |
| Costar Property Class | C | Year Built | 1964 |
| Use Class | LAR4 - high density residential | ||
| No. Units | 17 |
| Property Type | Build-to-Rent |
| Property Subtype | Shared Accommodation |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.25 ac |
| Property Size | 14,593 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built | 1964 |
| Use Class | LAR4 - high density residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 12 | - | - |
| 2+2 | 2 | - | - |
| 5+5 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 5055-013-001 | Improvements Assessment | £1,039,851 |
| Land Assessment | £2,426,319 | Total Assessment | £3,466,171 |
PROPERTY TAXES
Parcel Number
5055-013-001
Land Assessment
£2,426,319
Improvements Assessment
£1,039,851
Total Assessment
£3,466,171
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