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827 N MCCADDEN Place $1,830,000

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    827 N MCCADDEN Place Los Angeles, CA 90038

    • 0 Beds
    • 0 Baths
    • 3,247 sq. ft.
    • Multi-Family
    • MLS# 22171193
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    Views: 13 Days On Market: 51

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    Property Details

    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. The middle structure, built in 1953, consists of two 1bed/1bath units. The 2bed/2bath back structure was built in 1941. The garage has potential for an ADU conversion. (Buyer to verify). The front house and one of the 1+1s will be delivered vacant. This prime location of Hollywood is walking distance to incredible shops, popular restaurants, and large employers, creating a high demand rental market. Seller has development renderings for 4 new construction units + ADU. Plans are ready to submit to the city.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.000 %
      • County Or Parish Los Angeles
      • Number Of Buildings 3
      • Number Of Units Total 4
      • YearBuilt 1941
    • Building Features
      • Heating Wall Furnace
    • Property Features
      • Lot Size Acres 0.16
      • Parking Total 5.00

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    Neighborhood

    90038 (Los Angeles) Demographics

    34 Median Age
    18,237 Population Density (per sq. mile)
    40% College Educated
    $48,786 Estimated Median Income
    1,034 Estimated Total Home Owners
    11,614 Estimated Total Renters
    8% / 92% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    28,592 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $885,000 Median Sales Price
    8 Homes Sold
    7 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,830,000
        7/11/2022 1:01:16 PM Price Reduced Source: Multiple Listing Service New Value: $1,830,000 -8.04%
        6/22/2022 2:18:00 PM New in Database Source: Multiple Listing Service New Value: $1,990,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 8/12/2022 1:48:49 AM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.