Property Description

The James Group is pleased to present this 4 unit opportunity at 2324 Portland St in the USC patrol zone, just north of campus. This is a unique opportunity to purchase an existing 4 unit apartment building on a large 8,957 square foot lot zoned LARD2-1XL-O-HPOZ. An investor should have an opportunity to add 2 ADU’s, which would include 8 bedrooms and 8 bathrooms, which would be ideal for student housing( * * Buyer to verify the feasibility of the ADU potential). The existing 4 unit is comprised of (1) 3 Bed / 1 Bath ($1,1260) and (3) 1 Bed / 1 Bath units ($1,269) ($1,430). There is substantial upside potential in the existing structure as well.