Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$3,800,000
We are pleased to offer for sale The Portland Place, an 8-unit (6 + 2 ADU) student housing community located at 2370-2372.5 Portland Street. The property is situated just north of Adams Boulevard and east of Hoover Street, within the USC Patrol Zone.The location offers walking-distance access to popular cafs,… Read More restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.Situated on an 8,875-square-foot lot, the property offers six three-bedroom townhome style units along with a newly constructed duplex ADU containing two two-bedroom units.Originally built in 1990 and enhanced by the new ADU, the Portland Place presents as a well-maintained, modern student housing community within the sought-after USC Patrol Zone.The property is being offered alongside another student housing community at 1139 West 27th Street (27 West).PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
22
Square Ft.
8,662
Lot Size
0.2 Acres
Year Built
1990
MLS Number
25625887
Additional Details
Building
Built in 1990, Living area: 8662.0, 2 buildings, 2 stories, Levels: Two
Income
Gross Income: $346,184, Net Operating Income: $195,490
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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