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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, Listed on
KERI JOHNSON, License# 01992023,
CREATIVE HOUSING GROUP INC.
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This 4 bedroom Multi-Family home
for sale in Los Angeles, CA
is currently listed for $2,700,000.
Featuring a lot size of 7,081 Sq. Ft.,
617 N Plymouth
was built in 1924 and
has been on coldwellbankerrealestate.com for 214 days.
This listing is provided courtesy of CREATIVE HOUSING GROUP INC..
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