2376 Portland Street
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1925 build
- – on site
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An incredible opportunity to acquire a student housing multifamily investment located at 2376-2378 Portland Street within the USC Patrol Zone. The 14-unit multifamily building is situated across six structures with 16 one-car garages. The property consists of three (3) 1 bedroom / 1 bathroom detached bungalows and eleven (11) studios across five separate structures. The property is situated on a 17,722 square foot lot and offers a total building area of 8,607 square feet making these large units ideal for student housing, and a strategic reconfiguration of floor plans. Structure A, which is 2376 Portland St, is an enchanting 8-unit building built in 1925, featuring Victorian charm and exceptional craftsmanship. With 2 stories and a rooftop deck overlooking downtown LA, each unit boasts a spacious studio layout and a convenient walk-in closet. Structure B, which is 2378 Portland St, consists of three Victorian-style bungalows, featuring 1 bedroom and 1 bathroom each. With individual patios, front and back door exit, and flexible floor plans, these units offer a great opportunity for reconfiguration. Structure C is equipped with an impressive 16 car garage, 3 living units, a stunning deck overlooking downtown LA and the potential to develop various ADU’s for significant cash flow. This structure offers the convenience of a laundry facility for the benefit of student housing.
Last checked:
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Last updated May 11, 2024
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MLS# SR23132180 —
The Building
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Year Built:1925
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:8866.00
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Building Area Units:Square Feet
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Total Number Of Units:14
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# of Buildings:5
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Stories Total:2
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:14
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# of Separate Water Meters:1
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# of Separate Electric Meters:14
Interior
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Levels:Two
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Entry Location:Alley
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Laundry:Common Area
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Laundry:1
Location
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Directions:Major Cross Streets - Adams and Hoover
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Latitude:34.03179000
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Longitude:-118.28185300
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:LARD1.5
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Lot Features:Back Yard, Corner Lot, Front Yard, Lot 10000-19999 Sqft, Rectangular Lot
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Lot Size Area:17722.0000
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Lot Size Acres:0.4068
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Lot Size SqFt:17722.00
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Lot Size Source:Assessor
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Additional Parcels:Yes
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Additional Parcels Description:5124011011
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:2244.10
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Tax Lot:113
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5124011009
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Neighborhood:University Park
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Features:Urban
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Garage
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Parking Spaces:16.00
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Garage Spaces:16.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/12/24
Apr 12, 2024
|
Sold | CRMLS_CA | $3,060,000 | -12.3% |
|
11/16/23
Nov 16, 2023
|
Pending | CRMLS_CA | $3,490,000 | |
|
7/18/23
Jul 18, 2023
|
Listed / Active | CRMLS_CA | $3,490,000 |
