1401 Portia Street, Los Angeles, CA 90026

Only two blocks away from shops and restaurants and the second largest park in the city, 1401 Portia is an amazing investment opportunity. The property is located in a cozy neighborhood surrounded by other single and multi-family homes with plenty of street parking. The building has four units with the potential to add 2 ADUs with its 2-car garage as well as a fifth basement unit. Two of the four current units have been recently renovated and are being used for AIRBNB consistently bringing in 150% of current long term market rent, due to the properties amazing proximity to dodger stadium and other great venues in echo park. One of the units is being used for Section 8 low-income housing and another still needs to be renovated. Pro Forma after full renovations is estimated at $20,000 a month.