Multifamily
The Portland Place
2370 Portland St, Los Angeles, CA 90007
Listing Price: $3,800,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale The Portland Place, an 8-unit (6 + 2 ADU) student housing community located at 2370–2372½ Portland Street. The property is situated just north of Adams Boulevard and east of Hoover Street, within the USC Patrol Zone.
The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.
Situated on an 8,875-square-foot lot, the property offers six three-bedroom townhome style units along with a newly constructed duplex ADU containing two two-bedroom units.
Originally built in 1990 and enhanced by the new ADU, the Portland Place presents as a well-maintained, modern student housing community within the sought-after USC Patrol Zone.
The property is being offered alongside another student housing community at 1139 West 27th Street (27 West).
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
The Portland Place
Investment Highlights
- Located within the USC patrol zone
- Built in 1990 and featuring 75% townhome units that are complemented by newly constructed ADU units, the property presents as a modern, well maintained asset
- Within walking distance to USC, popular cafés, restaurants, and entertainment venues, and minutes from Downtown Los Angeles, the Coliseum, and Exposition Park
- Los Angeles will host the 2028 Summer Games, which is expected to have a significant impact on the city's real estate market, including infrastructure upgrades, neighborhood improvements, and significant enhancements to nearby venues such as the LA Coliseum, Crypto.com Arena, and BMO Stadium
- The recent LA City Council action to reduce allowable rent increases on RSO units should have minimal impact on student housing properties near USC, which typically benefit from turnover every school year and rental rates adjusting to market-rate
Exclusively Listed By
Financing By
Listing Price: $3,800,000
Investment Highlights
- Located within the USC patrol zone
- Built in 1990 and featuring 75% townhome units that are complemented by newly constructed ADU units, the property presents as a modern, well maintained asset
- Within walking distance to USC, popular cafés, restaurants, and entertainment venues, and minutes from Downtown Los Angeles, the Coliseum, and Exposition Park
- Los Angeles will host the 2028 Summer Games, which is expected to have a significant impact on the city's real estate market, including infrastructure upgrades, neighborhood improvements, and significant enhancements to nearby venues such as the LA Coliseum, Crypto.com Arena, and BMO Stadium
- The recent LA City Council action to reduce allowable rent increases on RSO units should have minimal impact on student housing properties near USC, which typically benefit from turnover every school year and rental rates adjusting to market-rate
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale The Portland Place, an 8-unit (6 + 2 ADU) student housing community located at 2370–2372½ Portland Street. The property is situated just north of Adams Boulevard and east of Hoover Street, within the USC Patrol Zone. The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways. Situated on an 8,875-square-foot lot, the property offers six three-bedroom townhome style units along with a newly constructed duplex ADU containing two two-bedroom units. Originally built in 1990 and enhanced by the new ADU, the Portland Place presents as a well-maintained, modern student housing community within the sought-after USC Patrol Zone. The property is being offered alongside another student housing community at 1139 West 27th Street (27 West). PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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