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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 (CAD) Annual Per SF (CAD)
Gross Rental Income $116,809 $39.76
Other Income - -
Vacancy Loss - -
Effective Gross Income $116,809 $39.76
Taxes $29,464 $10.03
Operating Expenses $16,409 $5.59
Total Expenses $45,872 $15.61
Net Operating Income $70,936 $24.14

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $116,809
Annual Per SF $39.76
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $116,809
Annual Per SF $39.76
Taxes (CAD)
Annual $29,464
Annual Per SF $10.03
Operating Expenses (CAD)
Annual $16,409
Annual Per SF $5.59
Total Expenses (CAD)
Annual $45,872
Annual Per SF $15.61
Net Operating Income (CAD)
Annual $70,936
Annual Per SF $24.14

Property Facts

Price $2,357,033 CAD
Price Per Unit $1,178,517 CAD
Sale Type Investment
Cap Rate 3.01%
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Townhome
Building Class C
Lot Size 0.17 AC
Building Size 2,938 SF
Average Occupancy 100%
No. Stories 2
Year Built 1923
Zoning LAR3 - Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 2 - 1,469
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
5523-023-004
Land Assessment
$1,903,590 CAD (2025)
Improvements Assessment
$508,158 CAD (2025)
Total Assessment
$2,411,747 CAD (2025)
Annual Taxes
$29,464 CAD ($10.03 CAD/SF)
Tax Year
2026
  • Listing ID: 39327100

  • Date on Market: 2026-02-05

  • Last Updated:

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

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