805 N Mccadden Place,Los Angeles, CA 90038
Los Angeles, CA 90038
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.
Details
| MLS # | 26834997 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 102 |
| Listing Provided By | Keller Williams Realty Los Feliz | Stacey Boucher |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 3,874 |
| Story(s) | 1 |
| Units | 7 |
| Building(s) | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.17 |
Interior
| Heating | Central |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Microwave, Refrigerator, Dryer, Washer |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Door Multi, Garage |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $2,075,000 low | high Med: $2,037,500 sqft: 3,874 low | high Med: 5,359 $ / sqft: $536 low | high Med: $414 On site: 102 low | high Med: 200 | |
Market Activity 90038
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $2,075,000 low | high Med: $2,037,500 sqft: 3,874 low | high Med: 5,359 $ / sqft: $536 low | high Med: $414 On site: 102 low | high Med: 200 | |
 | $2,075,000805 N Mccadden PlaceLos Angeles, CA 90038 |
 | $3,899,0006612 Waring AvenueHollywood, CA 90038 |