2340 Portland Street, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
2340 Portland Street,Los Angeles, CA 90007
$1,820,000
  • 9 Beds
  • 9 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: daniel lewin
Office: younglewin advisors, inc.
MLS#:PW26241181
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,820,000

About this home

USC-Area 2-Unit Property - 1905 Front House + 2018 ADU, 7.83% Current Cap Rate, 5-Minute Walk to USC. 2340 Portland Street presents a 2-unit, 9-bedroom investment opportunity located a short 5-minute walk to the USC campus. The property consists of a classic 1905 two-story front house configured as a 6 bed/6 bath and a 2018-built 3 bed/3 bath ADU, totaling approx. 3,738 SF on a large 8,930 SF lot. The front house features a fireplace, wood-style flooring, and an updated kitchen, and the ADU offers a modern kitchen with stainless steel appliances. Both units are currently leased, providing in-place income. Offered at $1,820,000, $910,000 per unit and $487 per square foot, at a 7.83% current cap rate and 9.21 GRM. Current rents total $16,464/month ($197,568/year). As a 2-unit property, it may qualify for residential financing. Located within USC's DPS patrol zone and free Lyft ride zone, with easy access to Downtown LA, the 10 Freeway, the LA Convention Center, Exposition Park, the LA...

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Home facts

  • Listing ID #:PW26241181
  • Added:1 day(s) ago
  • Updated:November 13, 2026 at 04:13 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:9

Heating and cooling

  • Cooling:Central Forced Air

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$1,820,000
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