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Investment Highlights

  • Located within the USC Department of Public Safety Patrol Zone!
  • Ability to develop 6 more units and 8 ADUs! (Buyer to verify)
  • Enclosed landscaped courtyard featuring built-in BBQ, soothing Spanish fountain, plenty of seating and lounge chairs!
  • 100% Occupied with USC students!
  • Subterranean parking with 20 parking spaces!

Executive Summary

Located in the Historic North University District, Trojandale is a landmark 20-unit estate that blends timeless Spanish-Hacienda architecture with modern luxury upgrades! On the market for the first time in 22 years! 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.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $11,768,505 CAD
Price Per Unit $588,425 CAD
Sale Type Investment
Cap Rate 4.60%
Gross Rent Multiplier 13.7
No. Units 20
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.49 AC
Building Size 17,099 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1931/2004
Parking Ratio 1.17/1,000 SF
Zoning LAR3

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Storage Space
  • Heating
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Grill
  • Family Room
  • Lawn

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Laundry Facilities
  • Pool
  • Gated
  • Grill
  • Lounge
  • Private Bathroom
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 8 $4,777 CAD 900
1+1 12 $2,977 CAD 650
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
5055-006-008
Land Assessment
$1,496,996 CAD
Improvements Assessment
$2,055,884 CAD
Total Assessment
$3,552,881 CAD
  • Listing ID: 40715616

  • Date on Market: 2026-05-29

  • Last Updated:

  • Address: 2623 Ellendale Pl, Los Angeles, CA 90007

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