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    1335 N Mccadden Place

    Los Angeles (City), CA 90028
    • $1,850,000
    • STATUS: Active Under Contract
    • ON SITE: 96 days
    • ID#: 20591950
    Under Contract
    UPDATED: 71 min ago
    $1,850,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    Accepting back up offers. 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. The bonus will be 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 with 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 residential loan as a 4 unit property. Great for investors or possible owner user opportunity

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-22T18:34:33.847. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/106937614
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    1335 N Mccadden Place Los Angeles (City), CA 90028

    • Price: $1,850,000
    • Status: Active Under Contract
    • Updated: 71 min ago
    • ID#: 20591950
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1911
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Accepting back up offers. 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. The bonus will be 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 with 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 residential loan as a 4 unit property. Great for investors or possible owner user opportunity
    Exterior Features

    Architectural Style Craftsman Construction Materials OtherStucco Direction Faces East Garage Spaces 3.00 Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances DisposalRefrigerator Appliances YN Yes Cooling Gas Cooling YN Yes Flooring WoodStone Laundry Features Community Levels Two

    Property Features

    Country Us Gross Income 168000.00 Gross Multiplier 11.00 Gross Operating Income 168000.00 Insurance Expense 2000.00 Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 134715.00 New Taxes Expense 23125.00 Number Of Separate Electric Meters 4 Number Of Units Leased 5 Number Wall AC 5 Number With Carpet 0 Number With Dishwasher 1 Number With Disposal 5 Number With Drapes 5 Number With Range 5 Number With Refrigerator 5 Property Condition Updated/Remodeled Rent Control YN Yes Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Total Actual Rent 168000.00 Total Expenses 33210.00 Trash Expense 1050.00 Vacancy Allowance Rate 2.00 Water Sewer Expense 2000.00 Zoning Lard1.5

    Listing provided courtesy of Adam Bensimon of Dream Home Estates, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-22T18:34:33.847. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
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