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Listed by Christopher Martinez Diaz of Vinco Vinco Realty & Investments Inc (323-481-8517)
An incredible opportunity to acquire a student housing multifamily investment located at 2376-2378 Portland Street within the USC Patrol Zone. The 14-unit multifamily building is situated across six structures with 16 one-car garages. The property consists of three (3) 1 bedroom / 1 bathroom detached bungalows and eleven (11) studios across five separate structures. The property is situated on a 17,722 square foot lot and offers a total building area of 8,607 square feet making these large units ideal for student housing, and a strategic reconfiguration of floor plans. Structure A, which is 2376 Portland St, is an enchanting 8-unit building built in 1925, featuring Victorian charm and exceptional craftsmanship. With 2 stories and a rooftop deck overlooking downtown LA, each unit boasts a spacious studio layout and a convenient walk-in closet. Structure B, which is 2378 Portland St, consists of three Victorian-style bungalows, featuring 1 bedroom and 1 bathroom each. With individual patios, front and back door exit, and flexible floor plans, these units offer a great opportunity for reconfiguration. Structure C is equipped with an impressive 16 car garage, 3 living units, a stunning deck overlooking downtown LA and the potential to develop various ADU’s for significant cash flow. This structure offers the convenience of a laundry facility for the benefit of student housing.

Property Details of 2376 Portland Street

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Based on information submitted to CRMLS as of February 21, 2024 5:24 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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