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827 N Mccadden Place

Los Angeles (City), CA 90038
  • $1,890,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: 21109903
Open House
UPDATED: 66 min ago
$1,890,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Brian Rivera of Compass (310-500-3900) and Morgan Mcmullin of Compass(310-500-3900)


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 California Regional Multiple Listing Service, Inc. as of 2022-01-19T20:28:49.923. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EGA Homes. Licensed in the State of California, USA.
www.egahomes.com/homes/123742828
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827 N Mccadden Place Los Angeles (City), CA 90038

  • Price: $1,890,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 66 min ago
  • ID#: 21109903
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1941
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - 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

Architectural Style Spanish Parking Features Garage Parking Total 5 View None View YN No

Property Features

Association Fee 0 Garage YN Yes Gross Income 9657 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 73927 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 1 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T20:28:49.923. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EGA Homes. Licensed in the State of California, USA.
 
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EGA Homes
7899 Mission Grove Pkwy S, Suite A
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Listing Agent(s): Brian Rivera of Compass (310-500-3900) and Morgan Mcmullin of Compass(310-500-3900)