720 S Plymouth Blvd - Apartments FOR SALE


Los Angeles, CA 90005- Miracle Mile
$3,950,000 USD
310-909-5444
720 S Plymouth Blvd, Los Angeles, CA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/33
null | 5.84% Cap Rate

720 S Plymouth Blvd
Los Angeles, CA 90005
Miracle Mile


HIGHLIGHTS

  • 17-unit multifamily investment opportunity located in the Hancock Park-adjacent area of Los Angeles.
  • Built in 1955, the property spans approximately 14,410 square feet on a 13,004 SF lot.
  • An attractive unit mix of one single, twelve one-bedrooms, and four two-bedrooms/1.5-bath.
  • Gated entrance with an intercom system and subterranean parking featuring 16 single spaces.
  • A spacious central courtyard provides common areas for tenants, anchoring the property’s overall livability and curb appeal.
  • Units are cooled by a combination of window and wall AC units, and the property is separately metered for gas and electric.

OVERVIEW

Marcus & Millichap is 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 14,410 square 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 and 9.82 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.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

17

PRICE/UNIT

$232,353

CAP RATE

5.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,004 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

5090-030-011

ASK ABOUT THIS PROPERTY

Neema AhadianMarcus & MillichapMore Info
310-909-5444

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Neema AhadianMarcus & MillichapMore Info
310-909-5444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.