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Investment Highlights

  • 2 Private Parking Spaces Per Unit
  • Prime Hollywood Location
  • Solar Energy for Efficiency

Executive Summary

6.28% Cap Rate & Fully Leased - 833 N McCadden Place is a brand-new collection of five fully-leased townhome-style apartments in the heart of Hollywood, Los Angeles. The building includes five 4-bedroom, 4.5-bath units, each with two parking spaces. Tenants pay all utilities. Each unit features in-unit laundry, stainless steel appliances, and modern, open layouts designed for comfort and functionality. The property also includes solar energy, adding efficiency and sustainability. With contemporary design, high-quality finishes, and spacious, light-filled interiors, 833 N McCadden Place combines turnkey income with minimal maintenance in a prime Hollywood location.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $407,400 $37.28
Other Income - -
Vacancy Loss - -
Effective Gross Income $407,400 $37.28
Taxes $65,391 $5.98
Operating Expenses $11,900 $1.09
Total Expenses $77,291 $7.07
Net Operating Income $330,109 $30.20

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $407,400
Annual Per SF $37.28
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $407,400
Annual Per SF $37.28
Taxes
Annual $65,391
Annual Per SF $5.98
Operating Expenses
Annual $11,900
Annual Per SF $1.09
Total Expenses
Annual $77,291
Annual Per SF $7.07
Net Operating Income
Annual $330,109
Annual Per SF $30.20

Property Facts

Price $5,295,000
Price Per Unit $1,059,000
Sale Type Investment
Cap Rate 6.28%
Gross Rent Multiplier 13
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class B
Lot Size 0.17 AC
Building Size 10,929 SF
Average Occupancy 100%
No. Stories 3
Year Built 2023
Zoning LARD1.5 - Restricted Density Multiple Dwelling

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Freezer

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Trash Pickup - Curbside
  • Public Transportation
  • Private Bathroom
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+4.5 5 $6,750 1,815
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
5524-004-007
Land Assessment
$1,020,000
Improvements Assessment
$484,500
Total Assessment
$1,504,500
Annual Taxes
$65,391 ($5.98/SF)
Tax Year
2025
  • Listing ID: 39166877

  • Date on Market: 1/21/2026

  • Last Updated:

  • Address: 833 N McCadden Pl, Los Angeles, CA 90038

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