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Listed by: Daniel Lewin (424) 224-9344 DRE #01932742 | Younglewin Advisors, Inc. (562) 318-0215
$1,820,000
Monthly Est:$9,059
9 Beds
9 Baths
3,738sqft
2340 Portland St, Los Angeles, CA 90007
$1,820,000
$9,059/moEst:
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Duplex
Built in 1905
$-- HOA
8,930 sqft lot
$487/sq.ft
Description
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.
- Houzeo last checked: 3 minutes ago
- Listing updated: November 11, 2026 at 7:03 pm
- Source: California Regional MLS-CA | MLS#: PW26241181
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1905
HOA Fees
-
Finished Area
3,738 sqft
Lot Size
8,930 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26241181
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 9
Interior
Appliances
Dishwasher, Gas Range, Microwave, Refrigerator
Cooling
Central Air
Sewer
Public Sewer
Heating
Central
Flooring
Laminate
Construction
Year Built
Year Built: 1905
Home type
Duplex
Architectural Style
Craftsman
Utilities & Energy
Pool Features
None
Water Source
Public
Laundry Features
Common Area
Fireplace Features
Living Room
Other Features
Lot Features
Level, Rectangular Lot
Disclosures
Accessory Dwelling Unit
Community Features
Urban
Price History
| Date | Event | Price |
|---|---|---|
11/11/2026 Source: | Listed for Sale | $1,820,000 $487/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 12, 2026, 02:00AM 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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