805 N Mccadden Pl, Los Angeles, CA 90038
805 N Mccadden Pl, Los Angeles, CA 90038
805 N Mccadden Pl, Los Angeles, CA 90038
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$2,075,000
Est. payment /mo
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2 Beds
7 Baths
3,874 SqFt
New

805 N Mccadden Pl Los Angeles, CA 90038

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,874 sqft

Price per Sqft $535

MLS Listing ID 26834997

Bedrooms 2

Year Built 1941

Lot Size 7,251 Sqft

Acres 0.1665

Property Sub-Type Multi-Family

Property Description

Situated in the heart of Hollywood, 805-809 N. McCadden Place presents a rare opportunity to acquire a character-rich 7-unit multi-family asset with significant upside potential. Originally built in 1941, the property blends timeless architectural charm with meaningful system and interior upgrades, offering investors both stability and future value creation. The property consists of a well-balanced unit mix, with 5 of the 7 residences thoughtfully remodeled to feature upgraded wainscoting, hardwood flooring, and enhanced finishes throughout. Five units also include central air conditioning, while select residences offer in-unit laundry for added tenant convenience. The remaining two units provide an ideal opportunity for future renovation and rental growth.Operational eciencies are enhanced as tenants pay all utilities, helping minimize owner expenses. Additional capital improvements completed by previous owner-contractor include updates to five electrical panels, while the roof is approximately 15 years old per seller. Further distinguishing the asset are three separate 2-car garages, presenting a compelling value-add opportunity for potential ADU conversions(buyer to verify). The property's existing layout, garage infrastructure, and desirable Hollywood location position it well for an investor seeking long-term appreciation and additional income potential. Located moments from some of Los Angeles' most vibrant dining, entertainment, and employment hubs, 805-809 N. McCadden Place offers a unique combination of current cash flow, historic charm, and future development opportunity in one of the city's most dynamic rental markets.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Equipment Washer, Dryer, Refrigerator, Microwave

Exterior

Parking Features Detached, Garage - 2 Car

Building

Story 2

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Keller Williams Realty Los Feliz

NEARBY SCHOOL & BUSINESS

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Candi Marshall

Candi Marshall

Realtor & TV Host | RE.S.0072180

+1(702) 523-1759

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805 N Mccadden Pl