2340 Portland Street

Property Overview

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.

Home Details

Property type: Residential Income - Duplex
Year built: 1905
Lot size: 8,930 sq ft
Stories: 2
Days on market: 0
MLS status: Active
Architectural style: Craftsman
Zoning: LARD1.5

Features & Amenities

Appliances

Dishwasher
Gas Range
Microwave
Refrigerator

Pool

None

Lot

Level
Rectangular Lot

Community, Schools & Utilities

Community

Fireplace: Yes

Utilities

Heating: Central
Cooling: CentralAir
Water: Public
Sewer: PublicSewer

Browse more homes for sale in Los Angeles

Location & Neighborhood

Los Angeles, CA 90007

Open in Google Maps Open in Apple Maps

Frequently Asked Questions About 2340 Portland Street

Property type: Residential Income

The current asking price is $1,820,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2340 Portland Street. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1905. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.