17
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$2,075,000
Est. payment /mo
2 Beds
7 Baths
3,874 SqFt
New
805 N Mccadden PL Los Angeles, CA 90038
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,874 sqft
Price per Sqft $535
MLS Listing ID 26834997
Bedrooms 2
HOA Y/N No
Year Built 1941
Lot Size 7,252 Sqft
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 C20 - Hollywood
Zoning LARD1.5
Interior
Heating Central
Fireplace No
Appliance Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Door-Multi, Garage
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5524004011
Special Listing Condition Standard
Listed by Stacey Boucher Keller Williams Realty Los Feliz #01482185
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