1401 PORTIA Street

Los Angeles (City), CA 90026

  • 8 beds
  • 5 baths
  • 2,406 sq ft
  • 0.0 acres lot


  • Active
  • MLS 18321098


For the right buyer who knows what he/she is doing, this is an awesome opportunity. Where does one begin... first of all, the location is fantastic. Two blocks from all shops and restaurants on Sunset Blvd in one direction and two blocks from the second largest (Elysian) park in the city in the other, and surrounded by lovely single family and small multi-family homes. Secondly, you have 5 units (four of them legal) all of which except one being delivered vacant. Two of these are already fully renovated to a high quality with central heat and air, all appliances including dishwasher and in unit laundry hookups. There is plenty of parking - 8 cars in all. One unit will have a low rent section 8 in it, but another unit which still needs renovation will be a 2 bed and finally a very large 'bootleg' 2 bed 2 bath unit in the basement with full ceiling height. That unit is half-way renovated. Pro forma (including the low rent tenant) is about $12,000/mo once you've completed the renovations


Ken Shapiro with Silverwood Properties

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This content last updated on 03/23/2018 03:57AM. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.