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$ 1,400,000
Est. payment /mo
Active
2324 Portland ST Los Angeles, CA 90007
5 Beds
4 Baths
2,301 SqFt
UPDATED:
Key Details
Property 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
HOA Y/N No
Year Built 1895
Lot Size 8,960 Sqft
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 C42 - Downtown L.A.
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Gated, Uncovered
Pool None
Community Features Gated
Total Parking Spaces 8
Private Pool No
Building
Lot Description Rectangular Lot
Faces West
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5124012012
Security Features Gated Community
Special Listing Condition Standard
Listed by Peter James • Lyon Stahl Investment Real Estate, Inc.