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3,738 sqft

$1,820,000

2340 Portland Street, Los Angeles CA, 90007

Price per sqft$486.89
Built in1905
Property size3,738 sqft
Property typeMulti-family
Listed by Daniel Lewin CA DRE# 01932742 with Younglewin Advisors, Inc. 424-224-9344

Overview

Active

Listed Nov 11, 2026

Updated 12h ago

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 Memorial Coliseum, and the new Lucas Museum of Narrative Art, with the area set to host major events for the 2028 Olympic Games.

$12,109/mo

Est. mortgage payment based on a $1,820,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26241181

Interior Features

Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.21 Acres

Other Property Details

Maintenance Expense
$2,028
55+/Senior Community
No
MLS provider logo

Listed by Daniel Lewin CA DRE# 01932742 with Younglewin Advisors, Inc. 424-224-9344

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/13/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/13/2026 at 2:26 AM UTC Last Checked: 2:26 AM UTC

 

 

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