827 North McCadden Place

Los Angeles, CA 90038

$1,638,000
Price
6
Beds
6
Baths
3,247 Sq. Ft.
$504 / Sq. Ft.
3,247
Sq. Ft.
$504
per Sq. Ft.

Description

827 N. McCadden is a four-unit owner-user property by Larchmont Village that will be delivered 75% VACANT. Located two blocks north of Melrose Avenue, this ideal owner-user property is minutes from an array of boutique retailers, charming cafes, legendary restaurants, and lively entertainment options along La Brea Ave, Melrose Ave, and Santa Monica Blvd. In addition, the property is in close proximity to several large studios, including Sunset Las Palmas Studios and Paramount Studios. 827 N. McCadden...827 N. McCadden is a four-unit owner-user property by Larchmont Village that will be delivered 75% VACANT. Located two blocks north of Melrose Avenue, this ideal owner-user property is minutes from an array of boutique retailers, charming cafes, legendary restaurants, and lively entertainment options along La Brea Ave, Melrose Ave, and Santa Monica Blvd. In addition, the property is in close proximity to several large studios, including Sunset Las Palmas Studios and Paramount Studios. 827 N. McCadden features (1) 2-bdrm. 2-bath single-family home that is approx. 1,204 SF, (1) 2-bdrm. unit that is approx. 873 SF, and (2) 1-bdrm. units that are 585 SF. The front single-family home and 2 units will be delivered vacant upon COE. The front single-family home features a spacious living room with large arched windows allowing ample natural light, a dining room that leads to a front patio, granite countertops in the kitchen, and wood and tile flooring. Property amenities include (2) 2-car garages that have the potential to be converted into one or more ADUs (buyer to verify). Located two blocks north of Melrose & delivered mostly vacant, 827 N. McCadden offers investors a blank canvas with immediate upside in a prime location.

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

Property Details for 827 North McCadden Place

Zoning
LARD1.5
Style
Spanish
Cross Streets
Willoughby Ave. and N. McCadden Pl.
Parcel Number
5524004007
Total Units
4.0
Living Area
3247
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251
Add your commute
LISTING UPDATED: 03/12/2024 12:32 PM

Property Details for 827 North McCadden Place

StatusActive
MLS #23-336921
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.17 AC / 7,250 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251
Add your commute

Building Information for 827 North McCadden Place

Stories2Residences-Year Built1941Building Size-Lot Size0.17 AC / 7,250 SF

Payment Calculator

$10,410 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,939

Property Taxes

$1,471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 827 North McCadden Place

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: East
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $131,988
  • Net Operating Income: $92,654.00
  • Gross Income: $135,372
  • Cap Rate: 5.66%
  • Gross Rent Multiplier: $12.10
  • Financial Info as Of: 03/12/2024
  • Total Annual Expense: 39334
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Size Square Feet: 7250
  • Lot Description: Alley Paved
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Driveway - Pavers
  • Total Parking: 5
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 4
  • Parking Features: Garage - Two Door, Paved
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Ceiling Fan, Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood, Vinyl, Tile
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Garbage Disposal, Hood Fan, Range/Oven, Microwave
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-04-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,107.00
  • Unit Actual Rent: $2,107.00
  • Unit Projected Rent: $2,695.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $4,400.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 827 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 827 North McCadden Place

Taxable ValueLand$571,200Additions$856,800Total$1,428,000
Tax Record2023$17,647 ($1,471 / month)
Home Facts
Total Finished SqFt3,247 SqFtAbove Grade Finished SqFt3,247 SqFtLot Size7,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningLARD1.5CountyLOS ANGELESAPN5524-004-007

Schools near 827 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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Similar Sold Homes

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827 North McCadden Place is a multi-family home for sale in Los Angeles, CA 90038. This property was listed for sale on December 4, 2023 by Compass, it's currently listed at $1,638,000. It has been on the market for a total of 145 days and was last sold on April 5, 2006. 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. 827 North McCadden Place is a 6-bed, 6-bath, 3,247 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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

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.