We are pleased to present this 4 unit opportunity at 2324 Portland St in the USC patrol zone, just north of campus. This is a unique opportunity to purchase an existing 4 unit apartment building on a large 8,957 square foot lot zoned LARD2-1XL-O-HPOZ. An investor should have an opportunity to add 2 ADUs, which would include 8 bedrooms and 8 bathrooms, which would be ideal for student housing(**Buyer to verify the feasibility of the ADU potential). The existing 4 unit is comprised of (1) 3 Bed / 1 Bath and (3) 1 Bed / 1 Bath units. There is substantial upside potential in the existing structure as well with 3 of the units being delivered vacant. The subject property is located in a great area just north of the USC campus in the DPS patrol area, making this an excellent location for students. It’s located approximately mile from campus and even closer to the USC Village. USC continues to be a top rated university in the nation with approximately 46,000 students currently enrolled. The massive demand for housing near campus nearly always outstrips the supply, providing for low vacancy rates in student housing buildings within the boundaries of the DPS patrol zone.
Property Details
Price:
$1,400,000
MLS #:
25513197
Status:
Active
Baths:
0
Address:
2324 Portland Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Mar 18, 2025
State:
CA
ZIP:
90007
Lot Size:
8,960 sqft / 0.21 acres (approx)
Year Built:
1895
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Lot Features
Rectangular Lot
Parking Features
Gated, Uncovered
Parking Spots
8.00
Pool Features
None
Security Features
Gated Community
Sewer
Other
Spa Features
None
Stories Total
2
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address2324 Portland Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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2324 Portland Street
Los Angeles, CA
LIGHTBOX-IMAGES