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1330 Portia St

Los Angeles, CA 90026
  • $2,500,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 21-105703
UPDATED: 59 min ago
$2,500,000
  • 8
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,046
    SQFT
  • $495
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

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 the Combined LA/Westside Multiple Listing Service as of 2021-12-01T06:43:04.25. 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. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/123369146
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1330 Portia St Los Angeles, CA 90026

  • Price: $2,500,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 59 min ago
  • MLS #: 21-105703
8
Beds
0
Baths
0
½ Baths
0.16
Acres
5,046
SQFT
$495
$/SQFT
1966
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
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

Covered Parking 3 Direction Faces West Garage Structures Total 1 Lot Size Area 7181 Other Structures None Parking Garage Covered ParkingGarage - 2 CarUncovered Total Parking 10

Interior Features

Baths Total 8.00 Cooling Wall/Window Equipment None Heating Wall Laundry Community

Property Features

Gross Income 198548 Gross Operating Income 192621 Like Units1 8 Net Operating Income 132093.00 Number Of Buildings 1 Number Of Units 8 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 60528 Type Of Units 8 (1+1) Year Built Source Vendor Enhanced Zoning Lard2-1Vl

Listing provided courtesy of Matthew R. Kanner DRE#01349203 of Keller Williams Realty Los Feliz.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T06:43:04.25. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253