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    1335 N Mccadden Pl

    Los Angeles, CA 90028
    • $1,850,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 20-591950
    UPDATED: 72 min ago
    $1,850,000
    • 7
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,200
      SQFT
    • $578
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:
    Area:

    School Ratings & Info

    Description

    An awesome opportunity for a great 1031 exchange income property in the heart of Hollywoods scene & attractions.Beautiful craftsman style 3/2 home with permitted attached 2 story 3 unit apartments with bonus studio added in 1951. All the units have been meticulously renovated with a modern contemporary feel and design.2 units & the bonus willbe delivered vacant at close of escrow.Currently used as a vacation or short term corporate housing minimum 30 day rental fully furnished to attract the highest possible rents. Option available topurchase existing furniture and continue withthe current turnkey rental system in place. Tremendous value add opportunityor set the stage on rents if delivered vacant.Its rare to find a relatively quiet street in such a happening location where you can even walk to most venues orlocations that are highly sought after for tourism etc. Qualifies for a residential loan as a 4 unit property. Great for investors or possible owner user opportunity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-06T15:42:55.12. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/106935799
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    1335 N Mccadden Pl Los Angeles, CA 90028

    • Price: $1,850,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: 20-591950
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,200
    SQFT
    $578
    $/SQFT
    1911
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    An awesome opportunity for a great 1031 exchange income property in the heart of Hollywoods scene & attractions.Beautiful craftsman style 3/2 home with permitted attached 2 story 3 unit apartments with bonus studio added in 1951. All the units have been meticulously renovated with a modern contemporary feel and design.2 units & the bonus willbe delivered vacant at close of escrow.Currently used as a vacation or short term corporate housing minimum 30 day rental fully furnished to attract the highest possible rents. Option available topurchase existing furniture and continue withthe current turnkey rental system in place. Tremendous value add opportunityor set the stage on rents if delivered vacant.Its rare to find a relatively quiet street in such a happening location where you can even walk to most venues orlocations that are highly sought after for tourism etc. Qualifies for a residential loan as a 4 unit property. Great for investors or possible owner user opportunity.
    Exterior Features

    Direction Faces East Exterior Construction OtherStucco Levels Two Lot Description 2-4 Lots Lot Size Area 5524 Other Structures Other Parking Garage Garage Is Attached Paved YN Yes Pool Description None Pool YN No Roof AsphaltFlat Spa None Spa YN No Style Craftsman Total Parking 3 View Description None View YN No

    Interior Features

    Baths Total 6.00 Common Walls Attached Cooking Appliances ElectricGas Cooling Window Unit(S)GasOther Equipment Built-InsGarbage DisposalRefrigeratorRange/OvenDryerWasher Flooring HardwoodStoneStone Tile Heating Other Laundry CommunityIn Unit Laundry Equipment Own Water Heater Features Tankless

    Property Features

    Alley YN Yes Assessed Total Value 724888 Electric Expense 1675.00 Gardener Expense 960.00 Gross Income 168000 Gross Operating Income 168000 Insurance Expense 2000.00 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 0 Maintenance Expense 1200.00 Net Operating Income 134715.00 Number Of Buildings 1 Number Of Units 4 Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Estimated Source Lot Size Area Vendor Enhanced Total Annual Expense 33210 Trash Expense 1050.00 Type Of Units Multi Family Water Expense 2000.00 Water Heaters YN Yes Year Built Source Other Zoning Lard1.5

    Listing provided courtesy of Adam Bensimon DRE# of Dream Home Estates, Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-06T15:42:55.12. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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