$2,700,000 617 N Plymouth Los Angeles, CA

MLS: 16135952   Type: Income   County: Los Angeles   City: Los Angeles   Area: Hancock Park   Zip: 90004   Style: Mediterranean  

Mortgage $12,676 /mo



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A unique opportunity to own an appreciating trophy building, AND a ongoing/prosperous, fully-furnished housing business....in a prime area of Hancock Park. One block to the entrance of Paramount Studios, walking distance to Larchmont Village, this fourplex, consisting of, fully furnished, spacious (1100 sq ft) ONE bedrooms has for for ten years operated as a fully furnished, temporary housing building, with monthly rentals averaging $4000 per suite, per month...or $192,000 in gross annual income. A great way to to achieve a nice return on the investment, plus the significant asset appreciation that Hancock Park yields. The sales price includes ALL furnishings, linens, kitchen amenities, kitchen appliances, electronics, repeat clientele (more than 50% are repeat customers); TOT (transient occupancy tax) already in place for those stays under 30 nights, etc.In addition to a great location, this building has all the amenities to fully support the furnished temporary housing business model

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Price History

6/25/2016 Listed $2,700,000

Listagentstatelicense 01992023
Listing Agent Keri Johnson - BRE#01992023
Listing Agent First Name Keri
Listing Agent Last Name Johnson
Mlsareamajor HPK - Hancock Park
Security Features Wired for Alarm System, Smoke Detector, Window Bars, Carbon Monoxide Detector(s)
Speciallistingconditions Standard
Zoning LAR3

Interior Features

Cooling Central
Coolingyn 1
Flooring Wood, Laminate, Carpet
Laundry Area, Washer Included, Inside
Laundryyn 1
Levels Two
Numberofseparateelectricmeters 4
Numberofseparategasmeters 4
Numberofseparatewatermeters 4
Numberofunitsleased 4
Numberwithcarpet 4
Numberwithdishwasher 4
Numberwithdisposal 4
Numberwithdrapes 4
Numberwithrange 4
Numberwithrefrigerator 4
Rooms Living Room, Main Floor Bedroom, Master Bedroom, Galley Kitchen, Walk-In Closet
Total Stories 0
Units 4

Exterior Features

Architectural Style Mediterranean
Building Area Total 4368
Buildings 1
Garage Spaces 4.00
Lot (Land) Features Near Public Transit
Lotsizesquarefeet 7081.00
Lotsizeunits Square Feet
Numberofrentedgarages 4
Numberwithpatio 4
Parking Total 4.00
View City Lights
Viewyn 1
Window Drapes/Curtains, French/Mullioned

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Property vs Zip Code Avg (90004)

Price 2.70M Avg 1.80M

Sqr Feet 4,368 Avg 4,697

Cost / Sqr Ft $618 Avg $385

Acres 0.16 Avg 0.18

Visits 145 Avg 15

Days on Site 309 Avg 119

Walkscore® 82 Avg 86

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Listing Provided Courtesy Of: Keri Johnson with Creative Housing Group Inc..

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Location & Address

eXp Realty California - Los Angeles

Escondido, CA