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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2390 Portland St Los Angeles, CA 90007-1958

    • Apartment buildings
    • 46,248 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $875,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0485021
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Centennial / Apartment Building / Student Housing Center

    Property Details for 2390 Portland St

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.53 lot acres
    Property size
    46,248 SF
    Zone code
    LARD1.5
    Property type
    Apartment buildings
    APN
    5124-011-016
    APU
    5124011016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.282
    Latitude
    34.0314
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,763
    $217,689
    $3,079,217
    $3,296,906
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      922 23rd St

      APARTMENT HOUSE (5+ UNITS) • 0.15 Acres
      922 23rd St, Los Angeles, CA 90007-1000
      View Details
    • Value Estimation by Request
      5,408 SF

      1884 Cordova St

      APARTMENT HOUSE (5+ UNITS) • 5,408 SF
      1884 Cordova St, Los Angeles, CA 90007-1135
      View Details
    • Value Estimation by Request
      4,816 SF

      1883 20th St

      APARTMENT HOUSE (5+ UNITS) • 4,816 SF
      1883 20th St, Los Angeles, CA 90007-1124
      View Details
    • Value Estimation by Request
      7,926 SF

      1160 36th Pl

      APARTMENT HOUSE (5+ UNITS) • 7,926 SF
      1160 36th Pl, Los Angeles, CA 90007-3914
      View Details
    • Value Estimation by Request
      6,580 SF

      1149 36th St

      APARTMENT HOUSE (5+ UNITS) • 6,580 SF
      1149 36th St, Los Angeles, CA 90007-3924
      View Details
    • Value Estimation by Request
      7,162 SF

      1287 37th Pl

      APARTMENT HOUSE (5+ UNITS) • 7,162 SF
      1287 37th Pl, Los Angeles, CA 90007-4227
      View Details

    Similar Nearby for Sale

    • $3,495,000
      5,108 SF

      Student Housing Near USC

      Turnkey student housing near USC with strong income and development potential.
      1220 W 27Th St, Los Angeles, CA 90007
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    • $3,100,000
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      Apartments Near USC West Campus

      Nine-unit apartment building near USC with value-add potential.
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      Updated Student Housing Near USC

      Nine-unit apartment building near USC, fully leased for 2025-2026.
      1250 W 37Th St, Los Angeles, CA 90007
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    • $975,000
      6,006 SF

      Los Angeles Multifamily Investment Opportunity

      Multifamily property near USC, ideal for student housing.
      1038 W 21St St, Los Angeles, CA 90007
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    • $12,100,000
      21,528 SF

      Student Housing Near USC

      Newly constructed 70-room co-living apartment complex near USC.
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      7,318 SF

      USC Area Multifamily Investment Opportunity

      Value-add 8-unit property near USC with significant rental upside.
      2717 S Budlong Ave, Los Angeles, CA 90007
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    Similar Nearby for Lease

    • $233 SF/Yr
      1 SF

      Koreatown Ghost Kitchen for Lease

      250 sq ft, High-Demand Location
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    • $0.81 SF/Yr
      6,800 SF

      Industrial Facility Just East of USC

      Industrial Facility Just East of USC
      3720 S Grand Ave, Los Angeles, CA 90007
      View Details
    • $1.10 SF/Yr
      5,500 SF

      Light Manufacturing/Warehouse Facility

      Light Manufacturing/Warehouse Facility
      3101 S Hill St, Los Angeles, CA 90007
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    • $0.99 SF/Yr
      19,303 SF

      Manufacturing/Warehouse Near USC

      Manufacturing/Warehouse Near USC
      3660 S Hill St, Los Angeles, CA 90007
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    • Contact for pricing

      Leased Industrial Property in Los Angeles

      Industrial property in Los Angeles, currently 100% leased.
      1423-1441 E Adams Blvd, Los Angeles, CA 90007
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    • Contact for pricing
      23,052 SF

      Prime Retail Space Near USC

      Los Angeles storefront, multiple suites available.
      325 Adams Blvd, Los Angeles, CA 90007
      View Details
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    2390 Portland St
    Los Angeles, CA 90007-1958
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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