Share This Listing

Message

913 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

615 N Plymouth Blvd - Larchmont Village Duplex Townhouse Property 2 Unit Apartment Building Offered at $1,695,000 at a 3.01% Cap Rate Los Angeles, CA 90004

Save this listing!

Favorite this listing to get notified of price updates, new media and more

Investment Highlights

  • Large Lot and Large Units. Desirable side by side Townhouse configuration
  • Larchmont Village / Hancock Park / Paramount Studios . Location, Location
  • ADU expansion/conversion potenital. LAR3 zoning

Executive Summary

Duplex Townhouse income property on a large 7,387 square foot lot in the highly desirable Larchmont Village area. Rare side by side townhouse unit configuration with two spacious units at nearly 1,500 square feet each with in unit laundry and split system HVAC upgrades, an extremely sought product for both investors and owner users. Excellent upside in future cash flow and development potential Zoned LAR3; well suited for ADU addition, expansion, or future garage conversion, making this a strong value add opportunity in central LA , but a nice walking quiet neighborhood. Prime location within walking distance to Larchmont Village shops, cafes, and restaurants, and Hancock Park. Close proximity to Paramount Studios on Melrose. The property features original architectural details paired with modern updates. Upper levels offer two bedrooms, a hallway bathroom, and private patios overlooking the rear yard. Abundant storage throughout, including generous walk in closet space. Two car garage with attached storage located at the rear of the property. A rare opportunity to own a versatile income property with scale, walkability, and long term upside in one of Los Angeles' most in demand rental markets.

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $84,000 $28.59
Other Income - -
Vacancy Loss - -
Effective Gross Income $84,000 $28.59
Taxes $21,188 $7.21
Operating Expenses $11,800 $4.02
Total Expenses $32,988 $11.23
Net Operating Income $51,012 $17.36

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $84,000
Annual Per SF $28.59
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $84,000
Annual Per SF $28.59
Taxes
Annual $21,188
Annual Per SF $7.21
Operating Expenses
Annual $11,800
Annual Per SF $4.02
Total Expenses
Annual $32,988
Annual Per SF $11.23
Net Operating Income
Annual $51,012
Annual Per SF $17.36

Property Facts

Price $1,695,000
Price Per Unit $847,500
Sale Type Investment
Cap Rate 3.01%
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Townhome
Lot Size 0.17 AC
Building Size 2,938 SF
Average Occupancy 100%
No. Stories 2
Year Built 1923
Zoning LAR3

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 2 - 1,469
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39327100

  • Date on Market: 2/5/2026

  • Last Updated:

  • Address: 615 N Plymouth Blvd, Los Angeles, CA 90004

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}