1330 PORTIA STREET, LOS ANGELES, CA 90026

  • 5,046 sqft
  • Lot Size: 7,181 sqft
  • Built in 1966
  • MLS #21105703
For Sale $2,500,000

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.

FACTS / FEATURES

  • Built in 1966
  • Lot Size: 7,181 sqft
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Parking: 10 spaces total

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Listing Provided by Matthew R. Kanner, Keller Williams Realty Los Feliz
Based on information from California Regional Multiple Listing Service, Inc. as of December 1, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.