2127 Portland Street, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
2127 Portland Street,Los Angeles, CA 90007
$1,600,000
- 11 Beds
- - Baths
- 3,715 sq. ft.
- Multi-family
- Active
Listed by: benjamin lee
Office: lyon stahl investment real estate, inc.
MLS#:CL26863481
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,600,000
- Price per sq. ft.:$430.69
About this home
We are pleased to present 2127 Portland Street, an 11-bed USC student housing asset located less than one mile from USC Village and within the USC Department of Public Safety patrol zone. The offering consists of two separate structures on a 6,152 square foot lot: a large-format 7 bedroom / 7 bathroom main house and a newer townhome-style 4 bedroom / 4 bathroom ADU at the rear. The main house was taken down to the studs and fully renovated with new mechanical, electrical, and plumbing systems behind a classic North University Park facade. The rear ADU is newer construction built to current code. A buyer acquires renovated and new-build product without new-construction pricing, and without the deferred maintenance that typically comes with a pre-war USC rental. Seven-bedroom floor plans are scarce in the USC submarket and draw stronger rents from fraternities, sororities, athletic teams, and returning friend groups that need a full house under one lease. The 4+4 ADU serves the opposite end of the demand curve: individual students, graduate students, and young professionals who want newer, private, apartment-style living. Ownership can lease the property one group at a time, by the bed, or both, and can adjust that strategy every leasing season without a capital event. At $1,600,000, the pricing equates to $145,455 per bed and $430.69 per square foot, meaningfully below replacement cost for comparable new student housing product. Current rents of $8,200 per month on the main house and $5,000 per month on the ADU, plus $1,100 per month in utility income, produce $171,600 of scheduled gross income and $112,103 of net operating income, reflecting a 7.01 CAP and a 9.32 GIM on in-place numbers. USC Village sits less than a mile away and anchors the neighborhood commercially. The $700 million development delivered a Target, a Trader Joe's, and roughly 15 restaurants across 115,000 square feet of ground-floor retail, alongside 2,700 student beds and a 30,000 square foot fitness center. Tenants walk to groceries, dining, banking, and pharmacy without a car. The Harbor Freeway (110) is minutes away with on-ramps at Adams Boulevard, and the Santa Monica Freeway (10) sits just north of the property. The Metro E Line's LATTC/Ortho and Jefferson/USC stations serve North University Park with trains every 8 to 10 minutes during the day, putting Downtown employment centers roughly three miles north within reach of graduate students, medical residents, and recent graduates....
Contact an agent
Home facts
- Year built:2021
- Listing ID #:CL26863481
- Added:63 day(s) ago
- Updated:September 25, 2026 at 02:40 PM
Rooms and interior
- Bedrooms:11
- Living area:3,715 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Natural Gas
- Central air:Yes
Structure and exterior
- Year built:2021
- Building area:3,715 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$1,600,000
- Price per sq. ft.:$430.69
New listings near 2127 Portland Street
- Coming Soon
$1,349,000Coming Soon3 beds 3 baths2,331 sq. ft.10916 Ruffner Avenue, Granada Hills, CA 91344
MLS# 226004581Listed by: KELLER WILLIAMS EXCLUSIVE PROPERTIES - Coming Soon
$1,349,000Coming Soon3 beds 3 baths2,331 sq. ft.10916 Ruffner, Granada Hills, CA 91344
MLS# 226004581Listed by: KELLER WILLIAMS EXCLUSIVE PROPERTIES - Coming Soon
$1,349,000Coming Soon3 beds 3 baths2,331 sq. ft.10916 Ruffner Avenue, Granada Hills, CA 91344
MLS# 226004581Listed by: KELLER WILLIAMS EXCLUSIVE PROPERTIES - Coming Soon
$899,000Coming Soon2 beds 2 baths1,302 sq. ft.5225 Onaknoll Avenue, Los Angeles, CA 90043
MLS# 26991615Listed by: REALTY ONE GROUP UNITED - Coming Soon
$2,795,000Coming Soon4 beds 5 baths3,499 sq. ft.1208 Palms Boulevard, Venice, CA 90291
MLS# 26891149Listed by: SERHANT CALIFORNIA, INC - Coming Soon
$1,425,000Coming Soon5 beds 3 baths2,817 sq. ft.12932 Addison Street, Sherman Oaks, CA 91423
MLS# BB26209103Listed by: KELLER WILLIAMS REALTY WORLD MEDIA CENTER - Coming Soon
$889,000Coming Soon5 beds 4 baths2,340 sq. ft.1446 E 90th Street, Los Angeles, CA 90002
MLS# 26992585Listed by: TERRANOVA REAL ESTATE GROUP INC. - Coming Soon
$1,630,000Coming Soon3 beds 2 baths1,658 sq. ft.1733 S Corning, Los Angeles, CA 90035
MLS# SR26208111Listed by: SYNC BROKERAGE, INC. - Coming Soon
$1,099,000Coming Soon5 beds -- baths2,295 sq. ft.1129 W 9th Street W, San Pedro, CA 90731
MLS# SB26189344Listed by: COMPASS - Coming Soon
$1,499,000Coming Soon6 beds 5 baths2,700 sq. ft.6385 Zelzah Avenue, Encino, CA 91316
MLS# 26992339Listed by: REVEL REAL ESTATE