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827 N Mccadden Pl

Los Angeles, CA 90038
  • $1,890,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 21-109903
UPDATED: 76 min ago
$1,890,000
  • 6
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,247
    SQFT
  • $582
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:
Area:

School Ratings & Info

Description

Partners CRE is proud to present this 4 unit investment property located in the highly desirable "Media District" of Hollywood, just two blocks north for the prestigious residential neighborhood of HancockPark. This Beautiful 1920's Spanish style front house is a perfect place for an owner user to live, while renting out the back units. With two large bedrooms, a beautiful living room and dining room, this investment opportunity is ideal for a small family or for an investor to renovate units and capitalize on the already established area. The property consists of three separate structures. The 2bed/2bath front house, built in 1923, will be delivered vacant at the close of escrow. The middle structure, built in 1953, consists of two 1bed/1bath units, one of which has a high probability of being delivered vacant. The 2bed/2bath back structure was built in 1941. When the back structure was originally built, it was two separate 1+1 units. It was converted to a 2+2 prior to the current ownership. The garage has potential for an ADU conversion. (Buyer to verify). This prime location of Hollywood is walking distance to incredible shops, popular restaurants, and large employers, creating a high demand rental market. Please see OM in Documents folder.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-24T11:42:31.283. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/123743055
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827 N Mccadden Pl Los Angeles, CA 90038

  • Price: $1,890,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 76 min ago
  • MLS #: 21-109903
6
Beds
0
Baths
0
½ Baths
0.17
Acres
3,247
SQFT
$582
$/SQFT
1941
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
Partners CRE is proud to present this 4 unit investment property located in the highly desirable "Media District" of Hollywood, just two blocks north for the prestigious residential neighborhood of HancockPark. This Beautiful 1920's Spanish style front house is a perfect place for an owner user to live, while renting out the back units. With two large bedrooms, a beautiful living room and dining room, this investment opportunity is ideal for a small family or for an investor to renovate units and capitalize on the already established area. The property consists of three separate structures. The 2bed/2bath front house, built in 1923, will be delivered vacant at the close of escrow. The middle structure, built in 1953, consists of two 1bed/1bath units, one of which has a high probability of being delivered vacant. The 2bed/2bath back structure was built in 1941. When the back structure was originally built, it was two separate 1+1 units. It was converted to a 2+2 prior to the current ownership. The garage has potential for an ADU conversion. (Buyer to verify). This prime location of Hollywood is walking distance to incredible shops, popular restaurants, and large employers, creating a high demand rental market. Please see OM in Documents folder.
Exterior Features

Garage Structures Total 1 Lot Description Single Lot Lot Size Area 7250 Other Structures None Parking Garage Garage Style Spanish Total Parking 5 View Description None View YN No

Interior Features

Baths Total 6.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1327032 Gross Income 9657 Gross Operating Income 112407 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 73927.00 Number Of Buildings 3 Number Of Units 4 Owner Pays Water Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 38480 Type Of Units 2+21+1 Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Brian Rivera DRE#01992630 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-24T11:42:31.283. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253