2-Unit Duplex with
2340 Portland ST, Los Angeles, CA 90007
For Sale
$1,820,000
Two leased residences near USC provide a combined nine bedrooms and nine bathrooms.
Property Size3,738 SF
Lot Size0.21 Acres
Price / SF$486.89
Days on Market11
Property Features for 2340 Portland ST
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Gross Income
Gross Rent Multiplier
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Younglewin Advisors, Inc.
Listed By:
Daniel Lewin · License CA #01932742
Source:
Milsteinestates
Added: Nov 5
Changed: Nov 14
Last Checked: Nov 14 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Younglewin Advisors, Inc.
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Investment Insights
Based on property information with market context.
This two-unit property pairs a two-story front residence built in 1905 with a separate ADU completed in 2018. The front home has 6 bedrooms and 6 bathrooms; the ADU has 3 bedrooms and 3 bathrooms. Together, the buildings contain approximately 3,738 square feet on an 8,930-square-foot lot. Interior features include a fireplace, wood-style flooring, and an updated kitchen in the front residence, plus a stainless-steel-appliance kitchen in the ADU. Both units are leased, with a current 7.83% cap rate and 9.21 GRM.
The property is a five-minute walk from the USC campus and lies within USC’s DPS patrol zone and free Lyft ride zone. Downtown LA, the 10 Freeway, the LA Convention Center, Exposition Park, the LA Memorial Coliseum, and the Lucas Museum of Narrative Art are listed as accessible destinations.
The property is a five-minute walk from the USC campus and lies within USC’s DPS patrol zone and free Lyft ride zone. Downtown LA, the 10 Freeway, the LA Convention Center, Exposition Park, the LA Memorial Coliseum, and the Lucas Museum of Narrative Art are listed as accessible destinations.
Key Highlights
- Two residences: a 6‑bedroom, 6‑bathroom front house and a 3‑bedroom, 3‑bathroom ADU
- 1905 two‑story front house paired with an ADU built in 2018
- Approximately 3,738 square feet on an 8,930‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,279
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,580
$1.3M
Cap Rate 7%
$932,557
$932.6K
Cap Rate 9%
$725,322
$725.3K
Market Conditions
NOI Build-Up for 3,738 SF
Gross rent
$100.9K $27.00/SF
− Vacancy
−$7.7K −$2.05/SF
EGI
$93.3K $24.95/SF
− OpEx
−$28.0K −$7.48/SF
NOI
$65.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,580
Cap Rate 7%
$932,557
Cap Rate 9%
$725,322
Alternative Uses
Best Use
Multifamily LT 5
$932.6K
$816.0K – $1.09M
NOI $65,279 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$859.2K
$751.8K – $1.00M
NOI $60,147 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,246 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,968
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Los Angeles, CA
Properties on Market for Duplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences near USC provide a combined nine bedrooms and nine bathrooms.
Where is this duplex located?
The property is located at 2340 Portland ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,820,000.
What are key features of this property?
This property features: Two residences: a 6‑bedroom, 6‑bathroom front house and a 3‑bedroom, 3‑bathroom ADU; 1905 two‑story front house paired with an ADU built in 2018; Approximately 3,738 square feet on an 8,930‑square‑foot lot
