Los Angeles, CA 90007,2324 Portland St
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Los Angeles, CA 90007,2324 Portland St
Los Angeles, CA 90007,2324 Portland St
Los Angeles, CA 90007,2324 Portland St
Los Angeles, CA 90007,2324 Portland St
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$ 1,400,000
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2324 Portland St Los Angeles, CA 90007

5 Beds

4 Baths

2,301 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,301 sqft

Price per Sqft $608

MLS Listing ID 25513197

Bedrooms 5

Year Built 1895

Lot Size 8,960 Sqft

Acres 0.2057

Property Sub-Type Multi-Family

Property Description

We are pleased to present this 4 unit opportunity at 2324 Portland St in the USC patrol zone, just north of campus. This is a unique opportunity to purchase an existing 4 unit apartment building on a large 8,957 square foot lot zoned LARD2-1XL-O-HPOZ. An investor should have an opportunity to add 2 ADUs, which would include 8 bedrooms and 8 bathrooms, which would be ideal for student housing(**Buyer to verify the feasibility of the ADU potential). The existing 4 unit is comprised of (1) 3 Bed / 1 Bath and (3) 1 Bed / 1 Bath units. There is substantial upside potential in the existing structure as well with 3 of the units being delivered vacant. The subject property is located in a great area just north of the USC campus in the DPS patrol area, making this an excellent location for students. It's located approximately mile from campus and even closer to the USC Village. USC continues to be a top rated university in the nation with approximately 46,000 students currently enrolled. The massive demand for housing near campus nearly always outstrips the supply, providing for low vacancy rates in student housing buildings within the boundaries of the DPS patrol zone.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Range/Oven

Exterior

Parking Features Gated, Uncovered

Garage Spaces 8.0

Pool None

Building

Lot Description Lot Shape-Rectangular

Story 2

Sewer In Street

Water Public

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

GET MORE INFORMATION

Name

Phone*

Message

Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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