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2324 Portland Street

Los Angeles, CA 90007

– beds
– baths
– sqft
8,960 sqft lot
1895 build
– on site

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.

Listed By CRMLS_CA / Peter James / Lyon Stahl Investment Real Estate, Inc.

Last checked: Checking… • Last updated Mar 18, 2025 •

MLS# 25513197 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1895
New Construction:

No
Building Area Total:

2301.00
Total Number Of Units:

4
# of Buildings:

2
Stories Total:

2
Faces:

West

Interior

Levels:

Two

Location

Directions:

Located on Portland St, north of Adams and south of 23rd.
Latitude:

34.03300600
Longitude:

-118.28108200

The Property

Property Type:

Residential Income
Zoning:

LARD1.5
Lot Features:

Rectangular Lot
Lot Size Area:

8960.0000
Lot Size Dimensions:

50x180
Lot Size Acres:

0.2057
Lot Size SqFt:

8960.00
Security Features:

Gated Community

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5124012012

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Sewer:

Other

Appliances

Included:

Yes

The Community

Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No

Parking

Parking:

Yes
Parking:

Gated, Uncovered
Parking Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/18/25 Mar 18, 2025	Listed / Active	CRMLS_CA	$1,400,000
8/9/23 Aug 9, 2023	Listed / Active	BRIDGE

Multifamily For Sale

$1,400,000

Listing provided by broker:

Peter James

Lyon Stahl Investment Real Estate, Inc.

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This multifamily located in South LA, Los Angeles, CA 90007 is currently for sale for $1,400,000. 2324 Portland Street is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 2324 Portland Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 90, making it very walkable. This multifamily is in the attendance area of West Adams Preparatory High School, Norwood Street Elementary School, and John Adams Middle School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 10:00 on Mar 20.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.