805 North McCadden Place

Los Angeles, CA 90038

$2,429,000
Price
5
Beds
7
Baths
3,874 Sq. Ft.
$627 / Sq. Ft.
3,874
Sq. Ft.
$627
per Sq. Ft.

Description

Step into a slice of classic Hollywood glamour with this stunning courtyard building, a great tenant's magnet -- just doors to Hancock Park and moments away to the vibrant hotspots of Larchmont, Melrose, and La Brea! This meticulously maintained 7-unit gem includes 5 generously sized one-bedroom apartments and 2 chic studio suites. Tenants experience open-concept living spaces, custom kitchens and baths, and elegant crown molding in five of the units and recent updates to the plumbing and electrical....Step into a slice of classic Hollywood glamour with this stunning courtyard building, a great tenant's magnet -- just doors to Hancock Park and moments away to the vibrant hotspots of Larchmont, Melrose, and La Brea! This meticulously maintained 7-unit gem includes 5 generously sized one-bedroom apartments and 2 chic studio suites. Tenants experience open-concept living spaces, custom kitchens and baths, and elegant crown molding in five of the units and recent updates to the plumbing and electrical. Generating $163,404 a year, this property is not just an great investment - it's a golden opportunity for your portfolio with strong upside in rents or for the end user seeking a private owner's retreat with access to a serene garden oasis. The property also features a detached garage with space for up to six cars, offering the potential for a future ADU (buyer to verify), further boosting its value. Delivered fully occupied, this classic beauty is ready for its next steward.
  1. Listed by Peter Maurice • DRE #01129738 • Brokerage DRE #00858724 • Rodeo Realty
  2. Listed by Tregg Rustad • DRE #01349144 • Brokerage DRE #00858724 • Rodeo Realty

Property Details for 805 North McCadden Place

Water Front
None
Zoning
LARD1.5
Style
Traditional
Cross Streets
Highland Ave and Melrose Ave
Parcel Number
5524004011
Total Units
7.0
Living Area
3874
Source Living Area
Assessor
LISTING UPDATED: 11/12/2024 12:01 PM

Property Details for 805 North McCadden Place

StatusActive
MLS #24-430625
Days on Market88
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.17 AC / 7,251 SF
CountyLos Angeles County

Building Information for 805 North McCadden Place

Stories2Residences-Year Built1941Building Size-Lot Size0.17 AC / 7,251 SF

Property Information for 805 North McCadden Place

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 7
  • Amenities: None
  • Community Features: Community Mailbox
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apts/Studios
  • View: No
  • View Description: None
  • View: None
  • Security Features: Owned, Gated
  • Property Condition: Updated/Remodeled
  • Water: In Street
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $163,404
  • Net Operating Income: $109,417.00
  • Gross Income: $163,404
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $14.86
  • Actual Annual Gross Rent: $163,404.00
  • Actual Rent Total: $163,404.00
  • Financial Info as Of: 08/01/2024
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 53987.5
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1665
  • Lot Size Square Feet: 7251
  • Lot Features: Front Yard
  • Lot Description: Curbs, Front Yard, Sidewalks
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage
  • Total Parking: 6
  • Covered Parking: 6
  • Open Other Spaces Total: 0
  • Garage Spaces Total: 6
  • Carport Spaces Total: 0
  • Parking Features: Assigned, Garage
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Living Room, Primary Bathroom, Den
  • Rooms: Studio, Dining Area, Living Room, Master Bedroom, Patio Open, Den
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Den: Yes
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Type: Central, Air Conditioning, Wall/Window
  • Heating: Central, Wall Furnace
  • Heating Type: Central, Wall
  • Flooring: Carpet, Hardwood
  • Equipment: Dishwasher, Washer, Dryer, Refrigerator, Range/Oven, Recirculated Exhaust Fan
  • Interior Features: Crown Moldings, Turnkey, Recessed Lighting, Open Floor Plan
  • Room Kitchen Features: Kitchen Open to Family Room, Stone Counters
  • Kitchen Features: Open to Family Room, Stone Counters
  • Bathroom Features: Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Range, Microwave
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Asphalt
  • Sprinklers: Sprinkler System
  • Patio Features: Patio Open
  • Entry Location: Ground Level w/steps
  • Windows: Custom Window Covering
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-22-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Cable TV, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,135.00
  • Unit Actual Rent: $2,135.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,292.00
  • Unit Actual Rent: $1,292.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,625.00
  • Unit Actual Rent: $1,625.00
  • Unit Projected Rent: $1,625.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $1,625.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,150.00
  • Unit Actual Rent: $1,150.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,015.00
  • Unit Actual Rent: $3,015.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Number of Electric Meters: 7
  • Number of Gas Meters: 7
  • Number Leased: 7
  • Number Patio: 1
  • Number Range: 7
  • Number Refrigerator: 7
  • Number Rented Garages: 5
  • Number Wall AC: 4
  • Number Water Meters: 0
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $591,801.00
  • Assessed Improvement Percent: 30.3
  • Assessed Land Value: $1,361,147.00
  • Assessed Land Percent: 69.7
  • Assessed Total Value: $1,952,948.00

Property History for 805 North McCadden Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 805 North McCadden Place

Taxable ValueLand$1,388,369Additions$603,637Total$1,992,006
Tax Record2024$24,912 ($2,076 / month)
Home Facts
Total Finished SqFt3,874 SqFtAbove Grade Finished SqFt3,874 SqFtLot Size7,249 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningLARD1.5CountyLOS ANGELESAPN5524-004-011

Schools near 805 North McCadden Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Vine Street Elementary School
PublicK to 6

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Melrose Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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805 North McCadden Place is a multi-family home for sale in Los Angeles, CA 90038. This property was listed for sale on August 22, 2024 by Rodeo Realty, it's currently listed at $2,429,000. It has been on the market for a total of 88 days and was last sold on January 17, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Vine Street Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 805 North McCadden Place is a 5-bed, 7-bath, 3,874 sqft multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rodeo Realty, Peter Maurice, DRE #01129738; Rodeo Realty, Tregg Rustad, DRE #01349144

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.