2340 Portland Street
Los Angeles, CA, 90007 $ 1,820,000
Bedrooms9 Baths9.0 Sq 3,738 Monthly Estimate*
$ 12,570
Listed by Daniel Lewin, Younglewin Advisors, Inc., dan@younglewin.com
for $1,820,000 with 9 bedrooms and 9 full baths. This 3,738 square foot home was built in 1905 on a lot size of 0.205.
USC-Area 2-Unit Property - 1905 Front House + 2018 ADU, 8.03% 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 an 8.03% 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 Memorial Coliseum, and the new Lucas Museum of Narrative Art, with the area set to host major events for the 2028 Olympic Games.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Appliances Dishwasher Gas Range Microwave Refrigerator
Zoning LARD1.5
HOA Fee 0
Garage Spaces 0
Architectural Style Craftsman
Pool Features None
Year Built 1905
Stories Count 2
Levels Two
Property Subtype Duplex
Gross Income 197568
Community Features Urban
County Los Angeles
Net Operating Income 146209
Operating Expense 45432
Insurance Expense 4673
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 1300
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Approx. 5-minute walk north of USC campus
City Los Angeles
Disclosures Accessory Dwelling Unit
Entry Location Portland St
Senior Community Y/N false
Number Of Units Total 2
MLS Area C16 - Mid Los Angeles
Lot Size Units Square Feet
Lot Size Square Feet 8930
Number of Units Leased 2
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Trash Expense 700
Water Sewer Expense 1920
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 92
Total Actual Rent 16464
Property Sub Type Additional Duplex
Taxes 22198
Cap Rate 8.03
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InteriorFlooring Laminate
Fireplace Features Living Room
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Common Area
Entry Level 1
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ExteriorLot Features Level Rectangular Lot
Water Source Public
Total Parking 0
Lot Size Area 8930
Number of Buildings 2
Building Area Total 3738
Lot Dimensions 50 x 180
Lot Size Acres 0.205
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList ByDaniel LewinListing Agent
Younglewin Advisors, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $12,570
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,964,639
Percent of Sale Price 8%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/11/2026 | $1,820,000 | | Listed Price |