1401 Portia St, Los Angeles, Los Angeles County, CA, 90026 Los Angeles CA US

USD 1,980,000
For Sale MLS: 23-259417

Property Details

Bedrooms

5

Bathrooms

2

Neighborhood

Echo Park

Property Type

MultiFamily

Description

Only two blocks away from shops and restaurants and the secondlargest park in the city, 1401 Portia is an amazing investmentopportunity. The property is located in a cozy neighborhoodsurrounded by other single and multi family homes with plenty ofstreet parking. The building has four units with the potential to add2 ADUs with its 2 car garage as well as a fifth basement unit. Twoof the four current units have been recently renovated and arebeing used for AIRBNB consistently bringing in 150% of currentlong term market rent, due to the properties amazing proximity tododger stadium and other great venues in echo park. One of theunits is being used for Section 8 low income housing and anotherstill needs to be renovated. Pro Forma after full renovations isestimated at $20,000 a month. Find out more about this property. Request details here

Location

Address

1401 Portia Street, Los Angeles, California 90026, United States

City

Los Angeles

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