617 North Plymouth, Los Angeles, CA 90004

$2,700,000 Approx. USD 4 beds, 4 baths
4,368 sqft

Agent Remarks

A unique opportunity to own an appreciating trophy building, AND a ongoing/prosperous, fully-furnished housing 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

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 16-135952
List price is $2,700,000
Beds: 4
Baths: 4
Built in 1924
4,368 sqft
County: Los Angeles
Property style: Mediterranean
Zoning: LAR3
Parking type: Garage - 4 Doors (N),Garage Is Detached
Interior features: Built-Ins,Crown Moldings,Furnished,Storage Space,Turnkey
Appliances: Washer
Heating description: Central Furnace
MLS area: Hancock Park-Wilshire (C18)

Last Updated: 3/28/2017

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This listing belongs to the Hancock Park-Wilshire (C18) MLS area

The style of this listing is Mediterranean.
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The listing is zoned LAR3.
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Lat/Long: 34.082283, -118.320953.
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Broker: Courtesy of Creative Housing Group Inc.
Listing Agent: Keri Johnson

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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