new - 7 days on rocket

2143 Portland St, Los Angeles, CA, 90007

$2,390,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
10 Baths
4,761 SqFt
$502/SqFt
House
Schools Nearby

Location

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2143 Portland St, Los Angeles$2,390,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
Year Built1901
MLS #24382397
Lot Size0.16 Acres
StatusActive

About 2143 Portland St

We are pleased to offer the opportunity to acquire this high yield 7.31% Cap turnkey two (2) unit, 12 bedroom + 10 bathroom Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The subject property was expertly designed, remodeled, and constructed by the one of the top student housing operators near USC, renowned for their track record of delivering best-in-class off-campus housing and providing tenants with an unparalleled housing experience. The property is approximately 4,761 rentable square feet on a large 7,270 square foot lot and has two (2) separate structures, with a unit mix of a large Single Family Residence comprised of fully renovated and permitted 8 bedrooms + oversized den & 6 bathrooms, as well as an additional brand new construction ADU in the rear consisting of 4 bedrooms and 4 bathrooms. The subject property's front structure was completely updated and remodeled in 2023, and features brand new flooring, brand new plumbing/electrical, updated roof, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. The back unit is a brand-new ADU recently constructed and completed in 2023 and features the same high-end finishes as the front unit, essentially delivering a brand new low maintenance structure to any prospective buyer. The investment is 100% occupied with USC students and fully leased for the 2023-2024 academic school year as well as pre-leased for the 2024-2025 school year(Rent will increase from $15,795 monthly to $17,499 monthly starting August 2024). Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. Tenants pay for all utilities of the property including Water/Gas/Electric/Trash.

Property Details

Property Features

Property Information:

  • Year Built: 1901
  • Stories: 2
  • Living Area: 4,761 SqFt

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Adam Shamooelian

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

School Info

Assigned Schools Information:

  • West Adams Preparatory High School, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • John Adams Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Norwood Street Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: 2143-2145 Portland St, 90007

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,390,000
  • Price Per SqFt: $502/SqFt

Tax Information:

  • Annual Amount: $5,332
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

2143 Portland St vs Los Angeles

7 DAYS ON ROCKET

-27 Days

$2,390,000

+$1.4M More

$502/SqFt

-$126 Less

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $126/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24382397

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Adam Shamooelian

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 11:25:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 08, 1997Home Sold
$158,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,332$413,025
2020$5,180$408,791
2019$5,067$400,777
2018$4,964$392,920
2017$4,964$385,217

History based on county public records data.

Payment Calculator

$11.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,232

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3659370
4
/10

  • Norwood Street Elementary School

  • 2020 Oak St

  • 0.16 miles

  • Public District Grades KG-5

school-card-donut-3659371
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 5.07 miles

  • Public Magnet Grades KG-6

school-card-donut-3659372
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 22.11 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-3659373
6
/10

  • John Adams Middle School

  • 151 W 30th St

  • 0.98 miles

  • Public Magnet Grades 6-8

school-card-donut-3659374
4
/10

  • Studio

  • 2211 W Avenue 30

  • 5.49 miles

  • Public District Grades 6-8

High School

school-card-donut-3659375
2
/10

  • West Adams Preparatory High School

  • 1500 W Washington Blvd

  • 0.63 miles

  • Public District Grades 9-12

school-card-donut-3659376
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 3.95 miles

  • Public Magnet Grades 9-12

school-card-donut-3659377
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 16.67 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,113. Typical income of Los Angeles, CA residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2143 Portland St

What is the listing price of this property?

The listing price of 2143 Portland St property is $2,390,000.

What type of property is this?

The property 2143 Portland St is a house located in Los Angeles, California, 90007.

Is this property for sale now?

Active Listing: 2143 Portland St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2143 Portland St are:
Norwood Street Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
John Adams Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
West Adams Preparatory High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,332 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 8, 1997 for $158,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2143 Portland St has 12 bedrooms and 10 bathrooms.

What is the square footage of this property?

The property 2143 Portland St is 4,761 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2143 Portland St is 1901.

Rocket Homes›California›Los Angeles County›Los Angeles›90007›2143 Portland St

This home is located at 2143 Portland St in Los Angeles, CA and zip code 90007 in the University Park neighborhood. This 4,761 square foot home, which was built in 1901, sits on a 0.16 acre lot. Features: 12 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $2,390,000.

In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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