Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

20

Building size

17,099 sqft

Lot size

21,402 sqft

Year built

1931

Stories

2

Garage spaces

20

Style

Spanish

Heating

None

Cooling

None

Pool

None

Status

Active

Days on market

90

MLS #

242761505

About this property

Located in the Historic North University District, Trojandale is a landmark 20-unit estate that blends timeless Spanish-Hacienda architecture with modern luxury upgrades. Originally built in the 1920s and thoughtfully re-conditioned, the property preserves its historic charm while offering residents an elevated living experience centered around a beautifully landscaped courtyard. The property features eight (8) 2-bedroom, 2-bath units and twelve (12) 1-bedroom, 1-bath units situated on a 21,388 square foot lot. Trojandale also offers significant value-add potential, including the ability to develop up to six (6) additional units by right and eight (8) ADU units across two separate buildings, totaling approximately 5,500 square feet of additional rentable space. Further upside exists through the potential to add bedrooms within the existing units, many of which offer ample interior square footage for reconfiguration. Additional highlights include one of the area's only fully subterranean parking garages with 20 secure parking spaces, providing a rare convenience in this highly sought-after neighborhood.

Location

2623 Ellendale Place

Los Angeles, Los Angeles, CA, 90007