8662 Cadillac Avenue

Los Angeles, CA 90034

$3,698,000
Price
14
Beds
14
Baths
6,132 Sq. Ft.
$603 / Sq. Ft.
6,132
Sq. Ft.
$603
per Sq. Ft.

Description

Discover 8662-8664 Cadillac Ave, a premier investment property that just wrapped construction March 2024 in Mid-City, bordered by the highly desirable neighborhoods of Beverlywood and Faircrest Heights. This property presents the opportunity to purchase 2 adjoined lots (with 2 APNs) with mirrored site plans totaling 4,996 SF of land and 6,312 SF of building area. Each lot houses 1 attached 2-unit structure with each unit spanning 3 levels, totaling 4 units across 2 structures. Leasing for all 4 units...Discover 8662-8664 Cadillac Ave, a premier investment property that just wrapped construction March 2024 in Mid-City, bordered by the highly desirable neighborhoods of Beverlywood and Faircrest Heights. This property presents the opportunity to purchase 2 adjoined lots (with 2 APNs) with mirrored site plans totaling 4,996 SF of land and 6,312 SF of building area. Each lot houses 1 attached 2-unit structure with each unit spanning 3 levels, totaling 4 units across 2 structures. Leasing for all 4 units is in progress. Both the exterior and interiors of these residences feature minimalist contemporary design, providing tenants with elevated finishes and attainable luxury living. The most discerning renters will love the large picture windows flooding the living spaces with natural light, living room and bedroom balconies, ensuite bedrooms with walk-in closets, and the elegant black-and-white kitchen color scheme with marbled quartz countertops. Front yards, on-site parking, and motorized gates provide privacy and security to complete these homes. Situated in the bustling and ever-growing Mid-City area, the complex is surrounded by a rich tapestry of restaurants, entertainment venues, nightlife, fitness centers, and outdoor spaces. This strategic location is not just about offering a high-quality lifestyle but also promising significant growth in property value, making it an excellent choice for investors looking for substantial returns.
  1. Listed by Yohann Bensimon • DRE #01966630 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills

Property Details for 8662 Cadillac Avenue

Zoning
LARD2
Style
Modern
Parcel Number
4301025048
Total Units
4.0
Living Area
6132
Source Living Area
Plans
Area
Beverlywood Vicinity (C09)
Vacancy Rate
4

Location

Listing Courtesy of Keller Williams Hollywood Hills, Yohann Bensimon, DRE #01966630
Add your commute
LISTING UPDATED: 04/23/2024 12:01 AM

Property Details for 8662 Cadillac Avenue

StatusActive
MLS #24-380555
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.11 AC / 4,996 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Hollywood Hills, Yohann Bensimon, DRE #01966630
Add your commute

Building Information for 8662 Cadillac Avenue

Stories3Residences-Year Built2024Building Size-Lot Size0.11 AC / 4,996 SF

Payment Calculator

$20,182 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,182

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8662 Cadillac Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Security Features: Gated
  • Direction Faces: North
  • Property Condition: New Construction
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $271,200
  • Net Operating Income: $212,188.00
  • Gross Income: $271,200
  • Gross Rent Multiplier: $13.64
  • Total Annual Expense: 50876
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.0
  • Lot Size Square Feet: 4996
  • Lot Features: Front Yard
  • Lot Description: Front Yard, Fenced, 2-4 Lots
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Carport, Carport Attached, Driveway, Uncovered, Driveway - Brick
  • Total Parking: 8
  • Open Other Spaces Total: 4
  • Carport Spaces Total: 4
  • Parking Features: Carport, Attached Carport, Driveway, Uncovered, Driveway - Brick
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Dryer, Washer, Garbage Disposal, Refrigerator, Range/Oven, Microwave
  • Room Kitchen Features: Kitchen Island, Kitchen Open to Family Room
  • Kitchen Features: Counter Top, Island, Quartz Counters, Open to Family Room
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Microwave, Oven-Gas
  • Laundry: Laundry Closet Stacked
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-15-2024
  • Tenant Pays: Water, Trash Collection, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $6,150.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $12,300.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,150.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $10,300.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $.00
  • Assessed Improvement Percent: 0.0
  • Assessed Land Value: $586,500.00
  • Assessed Land Percent: 100
  • Assessed Total Value: $586,500.00

Property History for 8662 Cadillac Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 8662 Cadillac Avenue

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

Alexander Hamilton Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

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.

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8662 Cadillac Avenue is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on April 15, 2024 by Keller Williams Hollywood Hills, it's currently listed at $3,698,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Shenandoah Street Elementary School, Mark Twain Middle School and World Languages Magnet and Alexander Hamilton Senior High School. 8662 Cadillac Avenue is a 14-bed, 14-bath, 6,132 sqft multi-family home built in 2024.

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 Keller Williams Hollywood Hills, Yohann Bensimon, DRE #01966630

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.