Property Detail

2716 Ellendale

Los Angeles CA 90007

$6,250,000

Status: Active

Property Details

Description

We are pleased to offer for sale the leasehold interest in 2716-2718 Ellendale Place, a 10-unit, 32-bed townhome-style student housing community located in North University Park, south of Adams Boulevard between Vermont Avenue and Hoover Street.Completed in 2015, the property comprises two buildings, Dee Jay, a fully renovated and converted Craftsman house, and The Joint, newly constructed in the Craftsman style, totaling 11,650 square feet on a 16,340-square-foot parcel, with one five-bedroom unit and nine three-bedroom units, all townhome-style with private entries. The buildings share a gated, key-card compound with a plunge pool, spa, built-in barbecue and 21 parking spaces. Townhomes are furnished and feature in-unit laundry, air conditioning, stone counters and stainless steel appliances. The offering is the leasehold interest under a ground lease with approximately 68 years remaining. Ground rent is 12.75% of collected rent with no minimum rent. A prepaid rent credit of $4,366 per month offsets that rent through October 2044 and transfers to the buyer at closing, which reduces net cash ground rent to roughly $21,000 per year at current income. The leasehold may be assigned, sublet and financed without the landlord's consent.USC Village, the university's retail and dining hub, and the campus lie less than half a mile southeast. The address carries a Walk Score of 87. USC enrolls roughly 46,000 students, and 65% of its sophomores, juniors and seniors live in non-university housing, a pool that re-leases on the academic calendar and keeps demand for housing this close to campus deep and consistent. The property sits inside the USC Department of Public Safety patrol zone, which is covered 24 hours a day.The 110 Freeway runs less than a mile east and Downtown Los Angeles lies just over two miles northeast. 2716-2718 Ellendale Place offers investors an opportunity to acquire a professionally maintained, amenity-rich student housing asset in North University Park, one of USC's prime off-campus housing locations.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Map Location

Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap. Last updated 2026-11-05 09:10:57.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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