INVESTMENT OPPORTUNITY WITH RM-1 ZONING! Welcome home to 311 Ella Street, this charming vintage ranch-style cottage offers a compelling combination of location, rental history and flexibility. The property is zoned RM-1 (Residential Mixed), a district that permits short-term rentals (AirBnB). With a history of long term rental use, the home also presents an opportunity for investors exploring traditional leasing. Inside you'll find a 1286 sqft floorpan that includes 3 bedrooms and 2 baths, original wood floors, generous windows, and character that invites thoughtful updates. Natural light, classic trim, and wood floors lend the living spaces a welcoming feel, while the home's vintage details offer a great foundation for a buyer ready to make improvements. The kitchen features original white wood cabinetry, a classic window above the sink overlooking the rear deck, and additional windows that brighten the room. A door leads directly to the rear deck, and a convenient laundry area completes this practical space. All appliances remain, adding a turnkey convenience for the next owner. The third bedroom offers a unique, flexible layout with wood-paneled walls, a convenient kitchenette featuring a sink, counter space, and cabinetry, plus its own exterior entrance, creating possibilities for a connected guest suite or potential second rental unit. Outside, enjoy an approximately 0.41 acre lot, mature trees, a spacious deck, a storage shop and a covered carport. The deep, shaded yard leaves plenty of space for outdoor gatherings, while the shop provides useful room for tools, equipment or hobbies. The location puts SLCC, Ochsner University Hospital, Cajun Field, and the Cajun Dome within convenient reach. Whether you're considering short term stays, a long-term rental, or living in the home while exploring rental options, 311 Ella Street offers a versatile starting point. Bring your ideas, appreciate the vintage charm, and explore the potential.