< Back to SearchPrinter Friendly
     For additional information, contact Wolf Baschung, Ccim, Cpm Phone: (213) 927-2113
Have a Question?Request a Showing

2716 ELLENDALE PL, Los Angeles, CA 90007
Listing# 18321490
Price: $8,200,000
Bedrooms: 32
Full Bathrooms: 30
Sq. Feet: 11650
Type: Residential Income
County: Los Angeles
    Photo of home for sale at 2716 ELLENDALE Place, Los Angeles CA
House image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnail
We are pleased to offer this student housing opportunity to acquire one of the premier, boutique student housing properties in USC'S Ellendale student housing district. The investment includes the purchase of a leasehold estate with 77 years remaining on the ground lease term (47 year initial term plus three 10-year options), plus $52,390.80 in annual ground rent credits over the next 27 years. Priced at $8,200,000, the purchaser can acquire this Lease Hold asset for a going in Cap Rate of 5.4%, after ground rent and adjusted for new property taxes. This is possible through the assignment of just over $1.4 million in prepaid ground rent payments to be credited to the buyer over the next 27 years. 2716 and 2718 Ellendale Place comprise a newly constructed (2014) boutique student housing property located in the highly desirable Ellendale neighborhood just a few short blocks north of the USC campus.

Original MLS:18-321490:CLAW
Property Type:Residential Income
Listing Status:Active
Area Name:Mid Los Angeles
Year Built:2015
Square Feet:11650
Parking Type:Other
Garage Spaces:12
Heat Type:Other
Cooling Type:Other
Interior Features:Other
Total Baths:30
Total Full Baths:30
Listing Price:$8,200,000
Gross Operating Income:$632,400
Mortgage Calculator

Mortgage Calculator

0% 3% 5% 10% 20% 30%

Neighborhood Information

School Information

Broker Reciprocity Courtesy of Davis Saadian - Brc Advisors



The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). 


Data last updated: 04/24/2018

Call For an Appointment: 213-927-2113

CLAW - Los Angeles, CA IDX service by WolfNet Technologies, LLC© 2018 Terms of Use