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827 N MCCADDEN PL Los Angeles, CA 90038

$1,795,000

Listed By Howard Dee, Keller Williams Realty Los Feliz

6

Bedrooms

6

Total Baths

Full Baths

3,247

Square Feet

0.17

Acres

1941

Year Built

Active

Status

MLS#

22-211987

3 of 4 units delivered vacant! Amazing 4 unit multi-family property in Hollywood. This is an investor's dream, whether renters help pay your mortgage as an owner user or this is for pure investment purposes: Four (4) units total two (2) 2 bed, 2 bath units and two (2) 1 bed, 1 bath units.3247 sq ft total living space. 3 units delivered vacant - One (1) 2+2 and two (2) 1+1 units. Pro forma NOI: $109,494. Cap rate: 6.1%. Gross Rent Multiplier: 12.81 | N McCadden Pl is situated on a large 7250 sq ft lot with lots of potential for additional development or redevelopment: 7250 sq ft lot. Zoning is RD1.5-1XL. Keeping the existing structures, additional attached ADU is allowed. A 2 bedroom ADU is possible by combining both 2-car garages. Located in Transit Oriented Communities (TOC) Incentive Program Tier 1. For redevelopment, 5 units can be built based on zoning and TOC Tier 1 guidelines. TOC allows for 35% more units (for a total of 5) with 20% of the units (1 of 5) affordable to Lower Income households. Information provided is believed to be accurate but should not be relied on without verification by Buyer. | The property is located very convenient to multiple freeways, shopping, restaurants, entertainment and other areas of interest which may make it attractive to a wide variety of professions, locals and visitors: Minutes from the 101 and 10 freeways. Downtown LA is less than 10 minutes away at the right time. Convenient to the heart of Hollywood, West Hollywood, Larchmont, Beverly Hills and Downtown among other areas. Easy walk or drive to shopping, restaurants and many attractions such as the Hollywood Walk of Fame, Hollywood shopping and restaurants, West Hollywood shopping and restaurants, Beverly Hills shopping and restaurants, Melrose Ave, The Grove, Beverly Center, LA County Museum of Art (LACMA). | The units are well maintained and in move-in condition: Front 2 bed, 2 bath unit is 1204 sq ft. Both 1 bed, 1 bath units are 585 sq ft each. Back 2 bed, 2 bath unit is 873 sq ft. Both 2-car garages are about 18' x 20'.

Details for 827 N MCCADDEN PL

Year Built
1941
Parking
5
Price / Sq Ft
$553
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
33 Days
Acres
0.1664

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office Keller Williams Realty Los Feliz, 323-300-1000

MLS# 22-211987

Updated 4:42AM - 11/30/2022

Listing Agent Howard Dee, 310-968-3801

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2022 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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