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1330 Portia Street

Los Angeles (City), CA 90026
  • $2,500,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: 21105703
UPDATED: 32 min ago
$2,500,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Listing Agent: Matthew R. Kanner of Keller Williams Realty Los Feliz


Description

We are pleased to present 1330 Portia Street, a 2-story, 8-unit value-add multi-family investment opportunity with 6/8 units to be delivered vacant and ready for renovation. The property is located in the highly desirable Echo Park submarket of Los Angeles, just steps north of Sunset Blvd. and 2 blocks east of Echo Park Ave. Built in 1966, the building is comprised of 8 (1+1) units that average approximately 630+ gross square feet. The 5,046 square foot structure is situated on a 7,181 square foot, LARD2-1VL zoned lot. There are 10 parking spaces on-site a 2-car garage in front, 2 uncovered in front, and 6 in the rear of the building. The property is separately metered for gas & electric and contains an on-site laundry room. THE SOFT-STORY RETROFIT WORK HAS BEEN COMPLETED. 1330 Portia Street is well-positioned for a skilled value-add investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123374294
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1330 Portia Street Los Angeles (City), CA 90026

  • Price: $2,500,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 32 min ago
  • ID#: 21105703
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1966
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
We are pleased to present 1330 Portia Street, a 2-story, 8-unit value-add multi-family investment opportunity with 6/8 units to be delivered vacant and ready for renovation. The property is located in the highly desirable Echo Park submarket of Los Angeles, just steps north of Sunset Blvd. and 2 blocks east of Echo Park Ave. Built in 1966, the building is comprised of 8 (1+1) units that average approximately 630+ gross square feet. The 5,046 square foot structure is situated on a 7,181 square foot, LARD2-1VL zoned lot. There are 10 parking spaces on-site a 2-car garage in front, 2 uncovered in front, and 6 in the rear of the building. The property is separately metered for gas & electric and contains an on-site laundry room. THE SOFT-STORY RETROFIT WORK HAS BEEN COMPLETED. 1330 Portia Street is well-positioned for a skilled value-add investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.
Exterior Features

Direction Faces West Parking Features CoveredDoor-MultiGarageUncovered Parking Total 10

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Garage YN Yes Gross Income 198548 Laundry Features Common Area Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 132093 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning Lard2-1Vl



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Matthew R. Kanner of Keller Williams Realty Los Feliz