805 Mccadden Place , Los Angeles, CA - 90038 is For Sale

  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
  • 25504329
$2,295,000· Income property

Description

Step into a slice of classic Hollywood glamour with this stunning courtyard building, a great tenant's magnet -- just doors to Hancock Park and moments away to the vibrant hotspots of Larchmont, Melrose, and La Brea! This meticulously maintained 7-unit gem includes 5 generously sized one-bedroom apartments and 2 chic studio suites. Tenants experience open-concept living spaces, custom kitchens and baths, and elegant crown molding in five of the units and recent updates to the plumbing and electrical. Generating $167,736 a year, this property is not just an great investment - it's a golden opportunity for your portfolio with strong upside in rents or for the end user seeking a private owner's retreat with access to a serene garden oasis. The property also features a detached garage with space for up to six cars, offering the potential for a future ADU (buyer to verify), further boosting its value. Delivered fully occupied, this classic beauty is ready for its next steward.

Features

MLS#: 25504329
List Price : $2,295,000
Total Units : 7
CAP rate : $5.00
Gross Operating Income : $167,736
Net Operating Income : $115,423
Sq M : 674 M2
Year Built : 1941
Days on market : 38 Days
Gross taxes : N/A
Address : 805 Mccadden Place
City : Los Angeles
State : CA
Zip Code : 90038
Neighborhood : N/A
Appliances : Dishwasher, Refrigerator, Range, Microwave
Fireplace Features : Living Room
Foundation : Raised
Stories : 2
Laundry : Washer Included, Dryer Included
Parking Features : Assigned, Garage
Sale Type : Standard
Spa : None
View : None
 
Property Type : Residential Income
Property Style : Traditional
Original List Price : $2,295,000
Acres : 0.1665
Lot Size (Acres) : 0.1665
Heating : Central, Wall Furnace
Sewer : Other
Parking Features : Assigned, Garage
Pool Desc : None
Security Safety : Gated Community
Interior Features : Crown Molding, Recessed Lighting, Open Floorplan
Cooling : Central Air, Wall/Window Unit(s)
Flooring : Carpet, Wood
Rooms : Living Room, Den
Driving Directions : North of Melrose Ave, West of Highland Ave
Lot Features : Front Yard
 
Courtesy of : Peter Maurice , Rodeo Realty

Location

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