17
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$2,075,000
Est. payment /mo
3,874 SqFt
New
805 N Mccadden Place Los Angeles, CA 90038
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Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 3,874 sqft
Price per Sqft $535
MLS Listing ID CL26834645
HOA Y/N No
Year Built 1941
Lot Size 7,251 Sqft
Acres 0.1665
Property Sub-Type Comm Ind For Sale
Property 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.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 5524004011
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Listed by Brock J Worthen • Keller Williams Realty Los Feliz
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