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$ 3,650,000
Est. payment | /mo
21 Beds
21 Baths
14,410 SqFt
$ 3,650,000
Est. payment | /mo
21 Beds
21 Baths
14,410 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 14,410 sqft
Price per Sqft $253
MLS Listing ID 26866043
Bedrooms 21
HOA Y/N No
Year Built 1955
Lot Size 0.298 Acres
Property Description
We are pleased to present 720 S Plymouth Boulevard, a 17-unit multifamily investment opportunity located in the Hancock Park-adjacent area of Los Angeles. Built in 1955, the property spans approximately 14,410square feet on a 13,004 SF lot. An attractive unit mix of one single, twelve one-bedrooms, and four two-bedrooms/1.5-bath appeals to a wide range of renter profiles. The property offers a gated entrance with an intercom system and subterranean parking featuring 16 single spaces, a strong amenity for the submarket. A spacious central courtyard provides common areas for tenants, anchoring the property's overall livability and curb appeal. Interior walkways present the potential to be converted into private patios and balconies offering a future owner a value-add opportunity to enhance unit appeal. Additionally, upside may be pursued by converting the existing basement storage into an ADU (buyer to verify).Units are cooled by a combination of window and wall AC units, and the property is separately metered for gas and electric. On-site community laundry, equipped with two washers and two dryers, generates in-place ancillary income, with notable additional upside available through renting out more storage to tenants. Offered at $3,950,000 ($232,353/unit, $274/SF), reflecting a 5.84% current cap rate and9.82 GRM on in-place income. Windsor Village offers investors a rare opportunity to acquire in one of Los Angeles' most architecturally distinct and historically intact residential districts. With clearly defined boundaries and a strong neighborhood identity anchored by Harold A. Henry Park, the submarket combines timeless appeal with proven long-term desirability.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 16
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5090030011
Special Listing Condition Standard
Listed by Neema Ahadian Marcus & Millichap #01346750
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