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805 N Mccadden Pl, Los Angeles, CA 90038
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805 N Mccadden Pl Los Angeles, CA 90038

$2,429,000
  • 5 Beds
  • 7 Baths
  • 3,874 Sq.Ft.
For Sale
$2,429,000 Get Pre-Qualified
Map preview of 805 N Mccadden Pl, Los Angeles, CA 90038

Property Overview: 805 N Mccadden Pl Los Angeles, CA has 5 bedrooms, 7 bathrooms, 3,874 living square feet and 7,251 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Peter Maurice | BRE #01129738 | Rodeo Realty
Co-listed by Tregg Rustad | BRE #01349144 | Rodeo Realty
Last checked: 4 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
7,251
HOA Dues
$0/mo
Year built
1941
Garage
6 Car
Property Type:
Multi Family
Status
Active
MLS#
24430625
City
Los Angeles
County
Los Angeles
Time on Site
28 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,625
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,015
  • Total Rent: $3,015
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,135
  • Total Rent: $2,135
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,292
  • Total Rent: $1,292
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $1,625
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 14.86
  • Gross Scheduled Income: --
  • Net Operating Income: $109,417
  • Gross Operating Income: $163,404
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 805 N Mccadden Pl

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Property Details for 805 N Mccadden Pl

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Wood
  • Living Room, Primary Bathroom, Den
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator, Range, Microwave
Interior Features
  • Crown Molding, Recessed Lighting, Open Floorplan
  • Levels: Two
  • Window Features: Custom Covering
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 7
  • Parcel Number: 5524004011
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Melrose Ave, West of Highland Ave
View more facts & features

Local Los Angeles Agent

Sale History for 805 N Mccadden Pl

Last sold on July 18th, 2017

  • August, 2024

  • Aug 22, 2024

    Date

    Active

    CRMLS: 24430625

    $2,429,000

    Price

  • July, 2017

  • Jul 18, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2013

  • Oct 11, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 805 N Mccadden Pl

Assessed Value (2020): $1,857,869
Year Land Value Improved Value Assessed Value
2020 $1,294,879 $562,990 $1,857,869

Home Value Compared to the Market

This property vs the competition

805 N Mccadden Pl is listed 102.42% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $627 per/sqft which puts the price per square foot 18.36% lower than the median price per square foot for the city of Los Angeles.

About 805 N Mccadden Pl

Detailed summary of property

805 N Mccadden Pl is a multi family located in Los Angeles, CA 90038 and is currently for sale. This multi family property offers 5 bedrooms, 7 bathrooms, roughly 3,874 living square feet, and sits on an approximately 7,251 square foot lot. 805 N Mccadden Pl was first listed on ArdentRealEstateGroup.com on August 22, 2024. The homeowner is currently asking $2,429,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 102.42% higher than the median priced home. Local competing homes currently for sale include 7417 Fountain Ave, 7120 Hollywood Blvd and 1140 N Beachwood Dr. While the average home in Los Angeles, CA is selling in 106 days, 805 N Mccadden Pl has a days on market of 28 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 805 N Mccadden Pl Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 805 N Mccadden Pl

Public county record property details
Beds
--
Baths
--
Year built
1941
Sq. Ft.
3,874
Lot Size
7,249
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
195
APN
5524-004-011

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$666
Median Sold Price
$1,089,000
Median Sold Price/Sq.Ft.
$642
Total Inventory
47
Median Sale to List Price %
90.83%
Avg Days on Market
48
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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