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     For additional information, contact Wolf Baschung, Ccim, Cpm Phone: (213) 927-2113
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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
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MAPS:
 
 
 
 
Remarks
 
 
 
 
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.

 
 
 
 
OVERVIEW:
 
 
 
 
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
 
 
 
 
FEATURES:
 
 
 
 
Interior Features:Other
 
 
 
 
ROOM INFO:
 
 
 
 
Bedrooms:32
Total Baths:30
Total Full Baths:30
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$8,200,000
Gross Operating Income:$632,400
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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


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