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2376 Portland St, Los Angeles, CA 90007
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2376 Portland St Los Angeles, CA 90007

$3,060,000 Sold Price as of 04/12/2024
  • 3 Beds
  • 14 Baths
  • 8,866 Sq.Ft.
Sold
$3,060,000 Sold Price as of 04/12/2024 Refinance Your Mortgage
Map preview of 2376 Portland St, Los Angeles, CA 90007

Property Overview: 2376 Portland St Los Angeles, CA has 3 bedrooms, 14 bathrooms, 8,866 living square feet and 17,722 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: An incredible opportunity to acquire a student housing multifamily investment located at 2376-2378 Portland Street within the USC Patrol Zone. The 14-unit multifamily building is situated across six structures with 16 one-car garages. The property consists of three (3) 1 bedroom / 1 bathroom detached bungalows and eleven (11) studios across five separate structures. The property is situated on a 17,722 square foot lot and offers a total building area of 8,607 square feet making these large units ideal for student housing, and a strategic reconfiguration of floor plans. Structure A, which is 2376 Portland St, is an enchanting 8-unit building built in 1925, featuring Victorian charm and exceptional craftsmanship. With 2 stories and a rooftop deck overlooking downtown LA, each unit boasts a spacious studio layout and a convenient walk-in closet. Structure B, which is 2378 Portland St, consists of three Victorian-style bungalows, featuring 1 bedroom and 1 bathroom each. With individual patios, front and back door exit, and flexible floor plans, these units offer a great opportunity for reconfiguration. Structure C is equipped with an impressive 16 car garage, 3 living units, a stunning deck overlooking downtown LA and the potential to develop various ADU’s for significant cash flow. This structure offers the convenience of a laundry facility for the benefit of student housing.

Listed by Christopher Martinez Diaz | BRE #01917060 | Vinco Vinco Realty & Investments Inc
Last checked: 4 minutes ago | Last updated: May 10th, 2024 | Source CRMLS | DOM: 121

Home details

Lot Sq. Ft
17,722
HOA Dues
$0/mo
Year built
1925
Garage
16 Car
Property Type:
Mixed Use
Status
Sold
MLS#
SR23132180
City
Los Angeles
County
Los Angeles
Time on Site
306 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 5
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $14,364
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 2376 Portland St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 16
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 14
  • Parcel Number: 5124011009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Major Cross Streets - Adams and Hoover
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 2376 Portland St

Last sold for $3,060,000 on April 12th, 2024

  • April, 2024

  • Apr 12, 2024

    Date

    Sold

    CRMLS: SR23132180

    $3,060,000

    Price

  • Jul 18, 2023

    Date

    Active

    CRMLS: SR23132180

    $3,490,000

    Price

  • March, 2015

  • Mar 27, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2014

  • Apr 3, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2376 Portland St

Assessed Value (2020): $525,917
Year Land Value Improved Value Assessed Value
2020 $350,030 $175,887 $525,917

Home Value Compared to the Market

This property vs the competition

2376 Portland St sold on April 12, 2024 for 193.28% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $393.64 per/sqft which puts the price per square foot 47.86% lower than the current median sale per square foot for the city of Los Angeles.

About 2376 Portland St

Detailed summary of property

2376 Portland St is a mixed use that recently sold in Los Angeles, CA 90007. This mixed use property offered 3 bedrooms, 14 bathrooms, roughly 8,866 living square feet, and sits on an approximately 17,722 square foot lot. 2376 Portland St was first listed on ArdentRealEstateGroup.com on July 18, 2023. The homeowner sold the property for $3,060,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 193.28% higher than the current median priced home. Local homes that are currently for sale include 1756 Pacific Ave, 1151 Daisy Ave and 820 Lime Ave. While the average home in Los Angeles, CA is selling in 92 days, 2376 Portland St has a days on market of 121 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2376 Portland St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2376 Portland St

Public county record property details
Beds
8
Baths
--
Year built
1925
Sq. Ft.
5,192
Lot Size
8,865
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
113
APN
5124-011-009

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,198,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
13
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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