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

$1,638,000
  • 6 Beds
  • 6 Baths
  • 3,247 Sq.Ft.
For Sale
$1,638,000 Get Pre-Qualified
Map preview of 827 N Mccadden Pl, Los Angeles, CA 90038

Property Overview: 827 N Mccadden Pl Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,247 living square feet and 7,250 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: 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.

Listed by Kenny Stevens | BRE #01090251 | Compass
Last checked: 14 minutes ago | Last updated: March 12th, 2024 | Source CRMLS | DOM: 135
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Home details

Lot Sq. Ft
7,250
HOA Dues
$0/mo
Year built
1941
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
23336921
City
Los Angeles
County
Los Angeles
Time on Site
145 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,107
  • Total Rent: $2,107
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $4,400
  • Pro Forma/Market Rent: $4,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.66%
  • Gross Rent Multiplier: 12.1
  • Gross Scheduled Income: --
  • Net Operating Income: $92,654
  • Gross Operating Income: $131,988
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 827 N Mccadden Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Wood, Vinyl, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage - Two Door, Paved
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5524004007
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located one block north of Melrose Ave. and one block east of N. Highland Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 827 N Mccadden Pl

Last sold for $1,062,000 on April 7th, 2006

  • December, 2023

  • Dec 4, 2023

    Date

    Active

    CRMLS: 23336921

    $1,699,000

    Price

  • October, 2023

  • Oct 14, 2023

    Date

    Expired

    CRMLS: 22211987

    $1,659,000

    Price

  • Oct 28, 2022

    Date

    Active

    CRMLS: 22211987

    $1,795,000

    Price

  • Listing provided courtesy of CRMLS

    40K price adjustment for a new price of $1,659,000! Large lot and convenient location with 3 of 4 units delivered vacant. This is a rare investment opportunity in one of the most sought-after locations in Los Angeles. There are four (4) units total: two (2) 2-bed, 2-bath units and two (2) 1-bed, 1-bath units. Three (3) units delivered vacant - Front 2+2 and both 1+1 units. 827 N McCadden Pl is situated on a large 7,250 sq ft lot with tons of potential for additional development or redevelopment. Zoning is RD1.5-1XL. Keeping the existing structures, an additional attached ADU is allowed. Located in Transit Oriented Communities (TOC) Incentive Program Tier 1. For redevelopment, 5 units can be built based on zoning guidelines. Additional units can be built with the TOC incentives. Information provided is believed to be accurate but should not be relied on without verification by Buyer. Located just minutes away from Hollywood and large numbers of restaurants and entertainment. Easy access to the 101 and 10 freeways.

  • September, 2022

  • Sep 1, 2022

    Date

    Expired

    CRMLS: 22171193

    $1,830,000

    Price

  • Jun 22, 2022

    Date

    Active

    CRMLS: 22171193

    $1,990,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • July, 2022

  • Jul 20, 2022

    Date

    Canceled

    CRMLS: 22180295

    $1,830,000

    Price

  • Jul 18, 2022

    Date

    Active

    CRMLS: 22180295

    $1,830,000

    Price

  • Listing provided courtesy of CRMLS

    This property provides a unique opportunity to acquire a single family home with three rental units 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 (roughly 1204 sf). The middle structure, built in 1953, consists of two 1bed/1bath units (roughly 1170 sf). The 2bed/2bath back structure was built in 1941 (roughly 873 sf). There are two 2 car garages at the rear of the property that are accessible through the back alley. The garage has potential for an ADU conversion. (Buyer to verify). Rental Units Income: A: 1+1: $1800 (vacant), B: 1+1: $1750, C: 2+2: $2107. This prime location of Hollywood is walking distance to incredible shops, popular restaurants, and large employers, creating a high demand rental market.

  • March, 2022

  • Mar 15, 2022

    Date

    Expired

    CRMLS: 21109903

    $1,890,000

    Price

  • Dec 3, 2021

    Date

    Active

    CRMLS: 21109903

    $1,890,000

    Price

  • Listing provided courtesy of CRMLS

    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, will be delivered vacant at the close of escrow. The middle structure, built in 1953, consists of two 1bed/1bath units, one of which has a high probability of being delivered vacant. The 2bed/2bath back structure was built in 1941. When the back structure was originally built, it was two separate 1+1 units. It was converted to a 2+2 prior to the current ownership. The garage has potential for an ADU conversion. (Buyer to verify). This prime location of Hollywood is walking distance to incredible shops, popular restaurants, and large employers, creating a high demand rental market. Please see OM in Documents folder.

  • December, 2021

  • Dec 3, 2021

    Date

    Active

    CRMLS: 21109287

    $1,890,000

    Price

  • Listing provided courtesy of CRMLS

    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, will be delivered vacant at the close of escrow. The middle structure, built in 1953, consists of two 1bed/1bath units, one of which has a high probability of being delivered vacant. The 2bed/2bath back structure was built in 1941. When the back structure was originally built, it was two separate 1+1 units. It was converted to a 2+2 prior to the current ownership. The garage has potential for an ADU conversion. (Buyer to verify). This prime location of Hollywood is walking distance to incredible shops, popular restaurants, and large employers, creating a high demand rental market. Please see OM in Documents folder.

  • August, 2021

  • Aug 28, 2021

    Date

    Active

    CRMLS: WS21065795

    $1,838,000

    Price

  • Jul 14, 2021

    Date

    Withdrawn

    CRMLS: WS21065795

    $1,838,000

    Price

  • Jun 4, 2021

    Date

    Active

    CRMLS: WS21065795

    $1,838,000

    Price

  • Jun 3, 2021

    Date

    Price Change

    CRMLS: WS21065795

    $1,838,000

    Price

  • May 24, 2021

    Date

    Hold

    CRMLS: WS21065795

    $1,999,900

    Price

  • Apr 4, 2021

    Date

    Active

    CRMLS: WS21065795

    $1,999,900

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity in prime Hollywood location within Hancock Park area. Quaint Spanish-style income property that has three separate buildings for four units features: first building 1 unit of 2+2, Second buildings 2 units: 1+1 each, Third building 2+2. With 7,250 square foot lot zoned LARD 1.5. Each unit is unique in it own way, a small garden is in the back of the property provides a relaxing environment for tenants. Walking distance to shops and restaurants. Some of the finest dinning can be found down the street. Incredible location! Either live in one unit and lease the rest or lease out all units for great income opportunity, many options. Convenience location.

  • April, 2006

  • Apr 7, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,062,000

    Price

  • April, 2005

  • Apr 21, 2005

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

Show More

Tax History for 827 N Mccadden Pl

Assessed Value (2020): $1,327,032
Year Land Value Improved Value Assessed Value
2020 $1,124,607 $202,425 $1,327,032

Home Value Compared to the Market

This property vs the competition

827 N Mccadden Pl is listed 32.52% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $504.47 per/sqft which puts the price per square foot 34.74% lower than the median price per square foot for the city of Los Angeles.

About 827 N Mccadden Pl

Detailed summary of property

827 N Mccadden Pl is a multi family located in Los Angeles, CA 90038 and is currently for sale. This multi family property offers 6 bedrooms, 6 bathrooms, roughly 3,247 living square feet, and sits on an approximately 7,250 square foot lot. 827 N Mccadden Pl was first listed on ArdentRealEstateGroup.com on December 4, 2023. The homeowner is currently asking $1,638,000 and was originally asking $1,699,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 32.52% higher than the median priced home. Local competing homes currently for sale include 625 N Plymouth Blvd, 812 N Genesee Ave and 6063 N Harold Way. While the average home in Los Angeles, CA is selling in 96 days, 827 N Mccadden Pl has a days on market of 135 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 827 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 827 N Mccadden Pl

Public county record property details
Beds
6
Baths
5
Year built
1941
Sq. Ft.
3,247
Lot Size
7,249
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
191
APN
5524-004-007

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
$1,375,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$629
Total Inventory
39
Median Sale to List Price %
94.87%
Avg Days on Market
34
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), 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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