The James Group is pleased to present this 4 unit opportunity at 2324 Portland St in the USC patrol zone, just north of campus. This is a unique opportunity to purchase an existing 4 unit apartment building on a large 8,957 square foot lot zoned LARD1.5. An investor should have an opportunity to add 2 ADU’s, which would include 8 bedrooms and 8 bathrooms, which would be ideal for student housing(Buyer to verify the feasibility of the ADU potential). The existing 4 unit is comprised of (1) 3 Bed / 1 Bath and (4) 1 Bed / 1 Bath units. There is huge upside potential in the existing structure as well. 3 of the 4 units are currently vacant.
The subject property is located in a great area just north of the USC campus in the DPS patrol area, making this an excellent location for students. It’s located approximately ½ mile from campus and even closer to the USC Village. USC continues to be a top rated university in the nation with approximately 46,000 students current enrolled. The massive demand for housing near campus nearly always outstrips the supply, providing for low vacancy rates in student housing buildings within the boundaries of the DPS patrol zone.
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