Home | Los Angeles County | Los Angeles | 90007 | 2340 Portland St
MLS: CRPW26241181 | Status: Active | Price: $1,820,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 8,930 | 1905 |
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.
| Field | Value |
|---|---|
| MLS # | CRPW26241181 |
| MLS Source | California Regional MLS |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Microwave, Oven Range - Gas, Refrigerator |
| Flooring | Laminate |
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Pool | None |
| Style | Craftsman |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| HOA Fee | $0 |
Daniel Lewin
Younglewin Advisors, Inc.
License #: 01932742
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 2 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2510 3rd Ave | $1,500,000 | – | – | – | Active |
| 1302 W 35th | $1,695,000 | – | – | – | Active |
| 247 S Carondelet St | $1,680,000 | – | – | – | Active |
| 1180 W Adams Bld | $1,880,000 | – | – | – | Active |
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This listing information is up-to-date as of November 11, 2026. For the most current information, please contact Daniel Lewin.