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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,820,000

Est. payment - /mo

9 Beds

9 Baths

8,930 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26241181

Bedrooms 9

Lot Size 8,930 Sqft

Lot Dimensions 50 x 180

Property Sub-Type Res Income 2-4 Units

Property Description

USC-Area 2-Unit Property - 1905 Front House + 2018 ADU, 7.83% Current Cap Rate, 5-Minute Walk to USC. 2340 Portland Street presents a 2-unit, 9-bedroom investment opportunity located a short 5-minute walk to the USC campus. The property consists of a classic 1905 two-story front house configured as a 6 bed/6 bath and a 2018-built 3 bed/3 bath ADU, totaling approx. 3,738 SF on a large 8,930 SF lot. The front house features a fireplace, wood-style flooring, and an updated kitchen, and the ADU offers a modern kitchen with stainless steel appliances. Both units are currently leased, providing in-place income. Offered at $1,820,000, $910,000 per unit and $487 per square foot, at a 7.83% current cap rate and 9.21 GRM. Current rents total $16,464/month ($197,568/year). As a 2-unit property, it may qualify for residential financing. Located within USC's DPS patrol zone and free Lyft ride zone, with easy access to Downtown LA, the 10 Freeway, the LA Convention Center, Exposition Park, the LA Memorial Coliseum, and the new Lucas Museum of Narrative Art, with the area set to host major events for the 2028 Olympic Games.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Approx. 5-minute walk north of USC campus

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5124012018

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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Listed by Daniel Lewin, DRE#01932742 Younglewin Advisors, Inc.

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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2340 Portland Street Los Angeles, CA 90007

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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