617 N. Plymouth, Los Angeles, CA 90004

FOR SALE
  • $2,700,000
  • 162 Days on site
  • Est: $10,003/month
  • Mortgage Center
  • Beds: 4
  • Baths: 4.0
  • Duplex
  • 4,368 sq ft
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Description

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

  • MLS ID# 16-135952
  • Year Built: 1924
  • 162 Days on site
  • Duplex
  • Beds: 4
  • Baths: 4.0

Listing Details

Dining Room
Yes
Dining Area
Yes
Living Room
Yes
Laundry Room
Washer
Window Treatments
Curtains
Flooring
Carpeted, Wood
Features
Smoke Detector
Lot Features
City View
Parking
4 Car Garage, Parking Space (4)
Features
Patio, Stucco Exterior
Cable Wiring
Cable TV Available
Cooling
Central Air, Central Cooling
Heating
Furnace Heat
Assessed Taxable Amount
$1,890,057
Tax Amount
$22,608
Last Transaction Date
10/17/2006
Last Transaction Purchase Price
$1,670,000
Property Type
Quadruplex
Bedrooms
4
Bathrooms
4
Home Size (Sqft)
4,368
Lot Size (Sqft)
7,081
Lot Size (Acres)
0.16
Year Built
1924
Units
4
Cooling System
Yes

Public Facts: As provided by County Assessor and Recorder offices. May not reflect recent additions or improvements. If you see any errors, the best way to get the records updated is to contact your local county records office. If any of the information in this section conflicts with property information provided by a listing agent or broker, agent-provided information should be deemed more reliable.

Local Info

Population
69,400
Median Household Income
$33,671
Median Years In Residence
7
Median Homeowner Age
31
Households with Children
55.89%
Percent of Homes Rented
80.22%

Nearby Elementary Schools

565 N Larchmont Blvd
5210 Clinton St
617 N Arden Blvd

Nearby Middle Schools

565 N Larchmont Blvd
5210 Clinton St
617 N Arden Blvd

Nearby High Schools

815 N El Centro Ave
1200 N Cahuenga Blvd
5755 Fountain Ave

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Mortgage Rates

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Property Contact Info

Listing Provided By: Creative Housing Group Inc.
(909) 338-1871
Listing Agent: Keri Johnson

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