2340 Portland Street, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
2340 Portland Street,Los Angeles, CA 90007
$1,820,000
  • - Beds
  • - Baths
  • 3,738 sq. ft.
  • Multi-family
  • Active
Listed by: daniel lewin
Office: younglewin advisors, inc.562-318-0215
MLS#:PW26241181
Source:CRMLS

Price summary

  • Price:$1,820,000
  • Price per sq. ft.:$486.89

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...

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Home facts

  • Year built:1905
  • Listing ID #:PW26241181
  • Added:1 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Gas Range, Microwave, Refrigerator
  • Living area:3,738 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1905
  • Building area:3,738 sq. ft.
  • Lot area:0.21 Acres
  • Lot Features:Level with Street, Rectangular Lot
  • Architectural Style:Craftsman
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,820,000
  • Price per sq. ft.:$486.89

Features and amenities

  • Appliances:Dishwasher
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