853 N. McCADDEN PL€¦ · home. The bathrooms, paint, & wood floor color schemes highlight living...

PROPERTYDETAILS

• Four(4) Brand New Turnkey Luxury Residences

• All Units are 3 bedrooms + 3.5 Baths

• Hollywood/Hancock Park Area

• Offered at $3,699,000

BROKER CONTACT

DANNY MAHELKA

310.887.0220

Da nny@LAso ld .ne t

853 N. McCADDEN PLLOS ANGELES, CA 90038

www.Hom esByDanny.com

I N FO RM AT I O N FLYER

CO LD WEL L BA N KER, BEV ERL Y HILLSSOUTH | 166 N. CA N ON DR., BEV ERL Y HILLS, CA 90210

mailto:[email protected]

mailto:[email protected]

http://www.HomesByDanny.com/

853 N. McCADDEN PL.LOS ANGELES, CA 90038


SITEDETAILSAll units rented. Rents shown are Actual. 5.71 CAP Building!!! Four(4) brand new turnkey lux ury residences in prem ier e Hollywood/

Hanc ock Park. Each home features 3 bedrooms + 3.5 bat hroom s wi th di rec t entry pr ivate two car garages, all wi th an el egant

and modern townhouse design. Each home features br ight & open f loor plans that inc lude cont em por ary kitchens for open

new age l iv ing ki tchen conc ept wi th center island/br eakfast bar wi th Caesarstone count er tops, all stainless steel hi gh end

appl iances, and balconies of f the l iv ing room and ki tchen areas. Beautiful engi neer ed wood floors grace the int er ior s of each

hom e. The bathroom s, paint, & wood f loor col or schemes hi ghl ight l iv ing spaces. The Large wi ndows in each room giv e way to

vast natural l ight . Addi t ional features inc lude hot el - l i ke bat hr oom s, dual glazed wi ndows, central heat & air, washer /dryer

hookup on the bedroom level & walk-in closets. 2 par king spaces per uni t in secure gat ed gar age. These four(4) homes were

bui l t as an income producing proper ty wi th each uni t indi v idual ly metered for water, gas, el ec tric & inc ludi ng the com munal

areas. Cent rally located just blocks away from trendy restaurants, shopping, and markets on Melrose Avenue & minutes from the

Sunset Boulevard st r ip. An amazing locat ion for tenants and geogr aphi cal ly si tuat ed to benef i t f rom cont inued area growt h

and rental increases. A Must See!

• Assessor’s Parcel Number: 5524-004-002

• Property Lot Size: 7,250 squarefeet

• General Plan: Investment


• Zoning:LARD1.5

• Year Built: 2018

• Unit Mix: (4) - Unit Residences

• City: LosAngeles

• ALL UNITS RENTED

• Walk Score:82

• Market Rate Rentals

• Very Low Owner Expenses

• Melrose/Highland Location

• Individually Metered for Water,Gas, & Electric

• Direct Entry Two Car Garages inEach Home

Description Number Square Footage Actual Rents

3 bedrooms + 3.5 Baths 853 1,830 $6,000

3 bedrooms + 3.5 Baths 853 1/2 1,847 $5,500

3 bedrooms + 3.5 Baths 855 2,015 $5,500

3 bedrooms + 3.5 Baths 855 1/2 1,682 $5,000

Total $22,000



PROJECTED FINANCIALOVERVIEW

TAXES

$46,237

INSURANCE

$4,000

GARDENER

$1,200

HOUSE WATER METER

$600

HOUSE ELECTRIC METER

$600

TOTAL EXPENSES

$52,637

PROJECTED GROSS INCOME

$264,000

CAP 5.71

GRM: 14.01




RENTALMARKETANALYSIS

BR BATH SQFT LP

3 3 2,247 $6,500

2 3 1,723 $5,800

3 3 2,247 $6,850

3 2 1,839 $6,800

421 N VAN NESS AVE

LOS ANGELES

6509 LA MIRADA AVE

LOS ANGELES

5006 PATAGONIA CT

LOS ANGELES

121 N GOW ER ST

LOS ANGELES



PHOTOS

FLOOR PLAN - UNIT #A FIRSTFLOOR

UP

UP

A A-3.0

EAST

101

2

UNITA

UNITB

8'-2

"9'-8

"

STA

ND

AR

D

CO

MP

AC

T

CO

MP

AC

T

STA

ND

AR

D

15'-0" 18'-0"

BEDROOM1

11'-4" x12'-9"

BEDROOM1

13'-10" x13'-5"

9 8

WH

A-3.1 C WEST

D

A-3.1

SOUTH

1

3 5 6

710

102

12'-3"

5'-8" 11'-10" 5'-3" 33'-8"

1'-8" 1'-10"

31'-1

1"

18'-5

"8'-2

"5'-5

"

4'-1

"9'-6

"

3'-7" 19'-8" 2'-5" 14'-3" 5'-5" 7'-8"

0'-5"

1'-2"

1'-10"9'-10"

49'-4"

10'-0" 10'-0"

1'-4

"8'-5

"2

'-6

"1'-4

"13'-7

"

110

109

108

106

102

101

EQ

EQ

4'-1

0"

31'-1

1"

A-3.0

NORTH

6'-9

"7'-1

"4'-5

"3

'-9

"7

'-6

"2'-6

"

104

FIRST FLOOR PLAN

BUILDING "A"

PR

OJE

CT

:O

WN

ER

:

PROJ ECT NO :

DATE:

D R AWNBY:

FSICLEA:LE:

SH EET NO .

A-1.0

SHEET TITLE:

REVISIONS:

23

52

CA

MIN

OE

SC

ON

DID

O

FU

LL

ER

TO

N,C

A9

28

33

BUILDING "A"

BUILDING "B"

(REFERENCE)

BEDROOM1

11'-6" x10'-5"

WH

GENERALNOTES

FLOORPLANKEYNOTESMEANS OFEGRESS

SYMBOLLEGEND WALLLEGEND

1t

1t

BUILDING SEC TION

SEC TIONREF ERENCE

SHEET REF EREN CE

WINDOW PER SCHEDULE

R EF ER TO SH EET A-4.0 (U.O.N.)

EXT ERIOR ELEVAT ION

ELEVAT IONREFER ENCE

SHEET REFER ENCE

DETAIL

DETAIL REFEREN CE

SHEET REFER ENCE

INTERIOR ELEVAT ION


SHEET REFER ENCE

DOOR PER SC HED ULE

R EF ER TO SH EET A-400 (U.O.N.)

xKEYN OTE

REFER TO KEYN OTE LIST HERON

PAN ASO NI C FV- 05VF M 2 EXH AU ST F AN W/ WHI

S P ER C O N T R O L. R EF ER TO SH E ET A- 700 F O

R SPEC S

PAN ASONICFV-08VQC5 EXHAUST

2x PAR TY W ALL

2X4 WO O D S T U D S 24” O . C. ON E AC H SI D E OF 2X6 WOODPL

AT ES, ST AGGER ED 12”O.C. ON OPPOSITE SIDES W/ 5/8”FIRE-

SHIELD C GYP SUM BOAR D APPLI ED VER T I C ALLY EA. SID E. B

A S ED ON U L # FW- WP 360. R EF ER TO DETAIL N O T ED - 1 / A-5.0

2x W OOD FRAMED W AL L

2x WOODFRAMED WALL OR WALL FUROUT W 7/8"

ST UCCO FINISH O/ LATH. REF ER TO ELEVAI TONS FOR AD

DITIONAL COMMENTS.

BASEMENTS IN DWELLING UNITS AND EVERY SLEEPING ROOM

BELOW THE FOURTH STORY SHALL HAVE AT LEAST ONE

OPENABLE WINDOW OR DOOR APPROVED FOR EMERGENCY

ESCAPE OR RESCUE WHICH SHALL OPEN DIRECTLY INTO A

PUBLIC STREET, PUBLIC ALLEY, YARD OR EXIT COURT. THE

UNITS SHALL BE OPENABLE FROM INSIDE TO PROVIDE A FULL

CLEAROPENING WITHOUT THE USEOF SEPARATE TOOLS.

THE OPENABLE AREA MUST BE CLEAR AND FREE OF ANY

OBSTRUCTIONS (ON CASEMENT WINDOWS THE WINDOW

CANNOT SWING INTO THE REQUIRED OPENABLEAREA)

• ALL HANDRAILS SHALL NOT BE LESS THAN 1 1/2" O NO MORETHAN 2" IN CROSS SECTIONAL DIMENSION AND BE PLACEDNOT LESS THAN 34" NO MORE THAN 38" ABOVE THE TREADNOSING AND A MINIMUM OF 1 1/2" BETWEEN HANDRAILANDADJACENTWALL SURFACE.

• PROVIDE GUARDS WHERE THE OPEN SIDE IS MORE THAN

30-IN. ABOVE THE FLOOR OR GRADE BELOW AT ANY POINT

WITHIN 36-IN. HORIZONTALLY TO THE EDGE OF THE OPEN

SIDE.

• GUARD HEIGHT SHALL BE A MINIMUM OF 42-IN.

• REQUIRED GUARDS SHALL NOT HAVE OPENINGS WHICH

ALLOW PASSAGE OF A SPHERE4INCHESIN DIAMETER.

NOT ED DIMENSI ONS TAK E PR EC ED E NC E OV ER S CA L ED DIMEN SIONS.ANY DISC

R EPANC I ES IN T H E PL A N S SH AL L BE BR O U G H T TO T H E AT T EN T I O N OF T HE

DESIGNER.

ALL DIMENSI ON AR E TO F AC E OF STU D . U.O.S.

GRID LOCATIONS ARE AT EXT ER IOR FACE OF STUDS.

PR OVIDE AN TI -GRAFITTI FINISH AT FIRST 9 FT, MEASU RED FROM GR

AD E AT EXT ERIOR WALLS AN D DOORS.

10'-0-"

56'-5"

4

107

FIRSTFLOOR

CARBON MONOXIDE AND SMOKEALARMS

B

105

CLOSET

112

1

A-5.0

McC

AD

DE

N

SO

LU

TIO

NS

,LL

C

SCO

103

SCO

CO

EXHAUST FAN NOTES:

BUILDING ENVELOPENOTES:

BUILDINGNOTES:

GENERALNOTES

1

2

3

4

5

6

A1

A-3.4

2-T

HR

EE

ST

OR

Y

DU

PL

EX

85

3-

85

5N

.M

cC

AD

DE

NP

LA

CE

LO

SA

NG

EL

ES

,C

A90038

S AN APPR OVED SMOKE AL AR M SHAL L BE INSTALLED IN EAC H

SL EEPI NG ROOM AND HAL LW AY OR AR EA GIVING ACCESS TOA SL

EEPI NG ROOM, AND ON EAC H ST ORY AN D BASEM EN T FOR

DW EL LINGSW ITH MORE THAN ONE ST ORY. SMOKE

AL AR MSSH AL L BE INTERCONNECTED SO THAT AC TUAT IONOF ONE

AL AR M W ILL ACTIVAT E A AL L THE AL ARMS W ITHINN THE

INDIVIDUAL DW EL LING UNIT. IN NEW CONSTRUCTION SMOKE AL

AR MS SH AL L RECEIVE THEIR PR IMARY POW ER SOURCE

FROM THE BUILDING W IRING AND SHAL L BE EQUIPPED W ITH BAT

TERY BAC K- UP AN D LOW BATTER Y SIGNAL.

CO AN APPR OVED CAR BON MONOXIDE AL AR M SH ALL B E

INSTALLED IN DW ELLING UNITS AN D IN SLEEPI NG UNITS W ITHIN W HI

CH FUEL -BURNING APPL IANCES AR E INSTALLED

AND IN DW ELLING UNITS THAT HAVE AT TACHED GARAGES.

CAR BON MONOXIDE ALAR M SH ALL BE PR OVIDED OUTSIDE OF EAC

H SEPAR AT E DW ELLING UNIT SL EEPI NG AREA IN THE

IMMED IATE VICINITYOF THE BEDROOM(S) AND ON EVER Y L

EVEL OF A DW EL LING UNIT INCLUDING BASEM EN TS.

SCO

15"

MIN

.

15"

MIN

.

B AT H 1111

2'-5"

BATH 1

2'-5"

10'-0

"

16'-0

"

SEE DETAI L 18 -

SH EET A-5.1 F O R 1

HR. CEILING

ASSEM BLY

SEE DETAI L 18 -

SH EET A-5.1 F O R 1

HR. CEILING

ASSEM BLY

A2

A-3.4

ELECTRIC VEHICLE EQUIPMENT NOTES:

FAN W/ WHISPER CONTROL. REFER TO

SH EET A-700 FORSPEC S



FLOOR PLAN - UNIT #A SECONDFLOOR

SECOND FLOOR PLAN

BUILDING "A"

PR

OJE

CT

:O

WN

ER

:

PROJ ECT NO :

DATE:

D R AWNBY:

FSICLEA:LE:

SH EET NO .

A-1.2

SHEET TITLE:

REVISIONS:

23

52

CA

MIN

OE

SC

ON

DID

O

FU

LL

ER

TO

N,C

A9

28

33

1t

1t

BUILDING SEC TION

SEC TIONREF ERENCE

SHEET REF EREN CE

WINDOW PER SCHEDULE




SHEET REFER ENCE

DETAIL

DETAIL REFEREN CE

SHEET REFER ENCE

INTERIOR ELEVAT ION


SHEET REFER ENCE

DOOR PER SC HED ULE


xKEYN OTE




R SPEC S


2x PAR TY W ALL

2X4 WO O D S T U D S 24” O . C. ON E AC H SI D E OF 2X6 WO O D PL

AT ES, ST AG GER ED 12”O. C. ON OPPO SI T E SI D ES W/ 5/ 8”FI RE-

SHI ELD C G YP SU M BO A R D A PPLI E D VER T I C ALLY EA. SID E.

BA S ED ON U L # FW- WP 360. REF ER TO DETAIL

NOTED


ST UCCO FINISH O/ LATH. REF ER TO ELEVAI TONS FOR AD

DITIONAL COMMENTS.

MEANS OFEGRESS















SIDE.

• GUARD HEIGHT SHALL BEA MINIMUM OF 42-IN.


ALLOW PASSAGE OF A SPHERE4 INCHESIN DIAMETER.

GENERAL NOTES

N OT ED DIMENSI ONS T AK E PR EC ED EN C E OVER SC A L ED D IMEN SIONS.ANY DISC

R EPANC I ES IN T H E PL A N S SH AL L BE BR O U G H T TO T H E AT T EN T I O N OF T HE

DESIGNER.


GRID LOCATIONS ARE AT EXT ER I OR FACE OF STUDS.

PR OVIDE AN TI -GRAFI TTI FINISH AT FIRST 9 FT, MEASU RED FROM GR


DN

DN

DN

220

219

22

E

224

225

UNITB

LIVING

LIVING

KITCHEN

KITCHEN

27

29

UP

UNITA

5'-5" 11'-2" 7'-0" 28'-5" 5'-0"

21 23

4'-0" 4'-0" 17'-9"

56'-11"

3'-7" 5'-4" 44'-0"

0'-5"

WALL LEGEND

2x W OODFRAMED W AL L

1'-2"

2'-5"16'-0"

26 25

3'-6" 3'-6"

49'-4"

5'-4

"9'-2

"7'-1

1"

31'-1

1"

3'-1

1"

5'-8

"

1'-8

"

28

1'-4

"10'-1

1"

1'-4

"10'-1

1"

1'-4

"1

'-4

"

4'-1

0"

31'-1

1"

6'-6

"

24

218

221

EQ

EQ

4'-0"

BUILDING "A"

SECOND FLOOR

CARBON MONOXIDE AND SMOKEALARMS

SYMBOLLEGEND

A-3.0

NORTH

B

A-3.1

WEST C

A-3.0

EASTA

D

A-3.1

SOUTH

POW DER

ROOM

DINING

223222

DINING

POW DER

ROOM

PAN TRY

PANTRY / CLOSET

1

A-5.0

McC

AD

DE

N

SO

LU

TIO

NS

,LL

C

CO

CO

EXHAUST FAN NOTES:

FLOORPLANKEYNOTES

1

2

3

4

5

6

WH

DECK

4226

DECK

4

DECK

4

14'-4"

DECK

11'-11"

A1

A-3.4

2-T

HR

EE

ST

OR

Y

DU

PL

EX

85

3-

85

5N

.M

cC

AD

DE

NP

LA

CE

LO

SA

NG

EL

ES

,C

A90038

S AN APPR OVED SMOKE AL AR M SHAL L BE INSTALLED IN EAC H


EEPI NG ROOM, AND ON EAC H ST ORY AN D BASEM EN T FOR

DW ELLINGSW ITH MORE THAN ONE STORY. SMOKE



INDIVIDUAL DW ELLING UNIT. IN NEW CONSTRUCTION SMOKE AL



TERY BAC K-UP AN D LOW BATTER Y SIGNAL.

CO AN APPR OVED CAR BON MONOXIDE ALARM SH ALL B E

INSTALLED IN DW EL LING UNITS AND IN SL EEPI NG UNITS W ITHIN W HI

CH FUEL -BURNING APPL IANCES AR E INSTALLED

AND IN DW ELLING UNITS THAT HAVE AT TAC HED GARAGES.

CAR BON MONOXIDE ALAR M SH ALL BE PR OVIDED OUTSIDE OF EACH

SEPAR AT E DW ELLING UNIT SL EEPI NG AREA IN THE

IMMED IATE VICINITYOF THE BEDROOM(S) AND ON EVER Y L

EVEL OF A DW EL LING UNIT INCLUDING BASEM ENTS.

15"

MIN.

15"

MIN

.

2'-4

"

2'-9"

A2

A-3.4





FLOOR PLAN - UNIT #ATHIRD FLOOR

THIRD FLOOR PLAN

BUILDING "A"

PR

OJE

CT

:O

WN

ER

:

PROJ ECT NO :

DATE:

D R AWNBY:

FSICLEA:LE:

SH EET NO .

A-1.4

SHEET TITLE:

REVISIONS:

23

52

CA

MIN

OE

SC

ON

DID

O

FU

LL

ER

TO

N,C

A9

28

33

FLOORPLANKEYNOTESSYMBOLLEGEND

1t

1t

BUILDING SEC TION

SEC TIONREF ERENCE

SHEET REF EREN CE

WINDOW PER SCHEDULE




SHEET REFER ENCE

DETAIL

DETAIL REFEREN CE

SHEET REFER ENCE

INTERIOR ELEVAT ION


SHEET REFER ENCE

DOOR PER SC HED ULE


xKEYN OTE




R SPEC S


2x PAR TY W ALL

2X4 WO OD ST U D S 24” O. C. ON E AC H SI D E OF 2X6 WO OD PL AT

ES, ST AG GER ED 12”O.C. ON OP PO SI TE SI DES W/ 5/8”FIRE-SHI

ELD C G Y P SU M BO AR D AP PLI ED VER T I C ALLY EA. SI DE.BAS

ED ON U L# FW- WP 360. REF ER TO DETAIL

NOTED

WALL LEGEND

2x W OOD FRAMED W AL L


ST UCCO FINISH O/ LATH. REFER TO ELEVAI TONS FOR AD

DITIONAL COMMEN TS.

MEANS OFEGRESS















SIDE.

• GUARD HEIGHT SHALL BE A MINIMUM OF 42-IN.


ALLOW PASSAGE OF A SPHERE4INCHESIN DIAMETER.

CARBONMONOXIDE AND SMOKEALARMS

GENERALNOTES

NOTED DIMENSI ONS TAK E PR EC ED ENC E OVER S CAL ED DIMENSIONS.ANY DISCR

EPANC I ES IN T H E PL A NS SH AL L BE BRO UG H T TO T H E AT T EN TI ON OF THEDESIGN

ER.


GRID LOCATIONS AR E AT EXT ERIOR FAC E OF ST UDS.

PR OVIDE AN TI -GRAFITTI FINISH AT FIRST 9 FT, MEASU RED FROM GR


347

349

342

40

348

350

351

352

353

4544

343

53

43

BATH2

BATH

MAST ER SUITE

14'-0" x12'-10"

BEDROOM2

12'-0" x10'-5"

BATH 2

UNITB

BED ROOM 2 MAST ER SU ITE

11'-10" x13'-0" 13'-2" x14'-6"

UNITA

50

341

345

344

336

339

338

41

47

337

1'-5" 3'-11" 4'-1" 13'-4"

0'-7"

42

1'-7" EQ EQ 1'-7"0'-6

"

2'-7" 2'-7" 1'-8" 4'-0" 2'-8"

56'-5"

13'-3" 5'-2" 6'-5" 8'-11"

5'-4

"7'-0

"5'-8

"6'-7

"1'-4

"

31'-1

1"

6'-0

"

3'-7" 5'-4" 12'-1" 5'-5" 6'-9" 15'-1" 4'-10" 1'-6" 1'-10"

44'-7"

EQ EQ

52

1'-6"51

1'-9"

49

1'-6"48

1'-10"

1'-4

"12'-3

"2'-5

"11'-2

"4'-1

0"

31'-1

1"

5'-0

"3

'-8

"4'-8

"4'-1

1"

8'-0

"5'-9

"

8'-7" 3'-6"

DN

DN

W

D

W

D

BUILDING "A"

THIRD FLOOR

A-3.0 N

ORTH

B

A A-3.0

EAST

A-3.1

SOUTH

D

A-3.1 C WEST

46

CLOSETCLOSET

CLOSET

CLOSET

1

A-5.0

McC

AD

DE

N

SO

LU

TIO

NS

,LL

C

SCO

SCO

SCO

SCO

EXHAUST FAN NOTES:

BUILDING ENVELOPE NOTES:BUILDING NOTES:

1

2

3

4

5

6

3

4

DEC K

DEC K

4

DECK

4

5

5

5

A1

A-3.4

2-T

HR

EE

ST

OR

Y

DU

PL

EX

85

3-

85

5N

.M

cC

AD

DE

NP

LA

CE

LO

SA

NG

EL

ES

,C

A90038

S AN APPR OVED SMOKE ALAR M SH AL L BE INSTALLED IN EAC H


EEPI NG ROOM, ANDON EAC H STORY AN D BASEM ENT FOR

DW EL LINGSW ITH MORE THAN ONE STORY. SMOKE



INDIVIDUAL DW EL LING UNIT. IN NEW CONSTRUCTION SMOKE AL



TERY BAC K-UP AN D LOW BATTER Y SIGNAL.

CO AN APPR OVED CAR BON MONOXIDE ALARM SH ALL B E

INSTALLED IN DW ELLING UNITS AN D IN SLEEPI NG UNITS W ITHIN W HI

CH FUEL -BURNING APPL IANCES AR E INSTAL LED

AND IN DW ELLING UNITS THAT HAVE AT TACHED GARAGES.

CAR BON MONOXIDE ALAR M SHAL L BE PR OVIDED OUTSIDE OF EAC

H SEPAR AT E DW ELLING UNIT SL EEPI NG AREA IN THE

IMMED IATE VICINITYOF THE BED ROOM(S) AND ON EVER Y L

EVEL OF A DW EL LING UNIT INCLUDING BASEM EN TS.

5 15"

MIN.

15"

MIN.

15"

MIN

.

15" MIN. MAST ER346

2'-5

"

2'-5

"

2'-4

"

M AST ER 340BATH

2'-5"

A2

A-3.4

APPROVED FIRE

DEPT ROOF ACCESS

LADDER - 16'-0" FROM

FINISHED SURFACE

OR GRADE





PACIFIC DESIGNCENTER

HOLLYWOOD BOWL

HOLLYWOOD BLVD

CHINESETHEATRE

SANTA MONICA BLVD

MELROSEAVE



LOCATION HIGHLIGHTS

MELROSE AVE.

Melrose Avenue is a shopping, dining and entertainment destination in Los

Angeles that starts at Santa Monica Boulevard, at the border between Beverly

Hills and West Hollywood. A very eclectic area that fills the city with the most

diverse demographic.

HOLLYW OOD BLVD.

Hollywood Boulevard is a Los Angeles cultural icon, with museums, land-

marks and other attractions that celebrate L.A.’s rich film and entertainment

heritage. You can see the footprints of the stars at the TCL Chinese Theatre,

see the stars on the Hollywood Walk of Fame, do some serious shopping at

Hollywood & Highland, or visit the famous Hollywood Wax Museum. Along its

stretch from Highland Avenue to Orange Drive, you can find a day’s worth of

activities that will give you a true Hollywood experience. You never know who

you’ll run into! Arnold Schwarzenegger recently shocked fans by making an

appearance at Madame Tussauds Hollywood. Watch what happened below.

MO ZZA

Osteria Mozza is an award-winning restaurant in Los Angeles. Osteria Mozza is

owned and operated by Mario Batali, Joe Bastianich and Nancy Silverton.

WEST HOLLYWOOD GATEWAY

The WestHollywood Gateway is a regional shopping center in WestHolly-

wood, California, UnitedStates.

HANCOCK PARK

The park’s destinations include: the LaBrea TarPits; the adjacent George C.

Page Museum of La Brea Discoveries, which displays the fossils of Ice Age

prehistoric mammals from the tar pits, and the Los Angeles County Museum

of Art−LACMA complex.[2] They are among the most popular tourist attrac-

tions in LosAngeles.

HIGHLAND AVE

Highland Avenue is a north/south road in Los Angeles. It is a major

thoroughfare that runs from Cahuenga Boulevard and the US101 Freeway in

Hollywood

CO LD WEL L BA N KER, BEV ERL Y HILLSSOUTH | 166 N. CA N ON DR., BEV ERLY HILLS, CA 90210



ASSESSOR’SPARCEL MAP




853 N. MCCADDEN PL.




CONFIDENTIALITY & DISCLAIMER

This is a confidential Offering Memorandum (“OM”) intended solely for your limited use and benefit in determining whether you desire to express any

further interest in the purchase of the Property.

This OM was prepared by Coldwell Banker Residential Brokerage (“CBRB”) and has been reviewed by representatives of Ownership. It contains selected

information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that prospective purchasers may desire. It

should be noted that all information provided is for general reference purposes only in that they are based on assumptions relating to the general economy,

competition, and other factors beyond the control of Ownership and, therefore, are subject to material variation. Additional information and an opportunity

to inspect the Property will be made available to interested and qualified prospective purchasers. Neither Ownership nor CBRB nor any of their respective

officers have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this OM, any of its contents, or any other

materials provided as a courtesy to facilitate prospective purchaser’s own investigations of the Property and no legal commitments or obligations shall arise

by reason of this OM, its contents or any further information provided by CBRB regarding the Property. It is essential that all parties to real estate

transactions be aware of the health, liability and economic impact of environmental factors on real estate.

CBRB does not conduct investigations or analysis of environmental matters and, accordingly, urges its clients to retain qualified environmental professionals

to determine whether hazardous or toxic wastes or substances (such as asbestos, PCB’s and other contaminants or petrochemical products

stored in underground tanks) or other undesirable materials or conditions are present at the Property and, if so, whether any health danger or other liability

exists. Such substances may have been used in the construction or operation of the buildings or may be present as a result of the previous

activities at the Property.

Various laws and regulations have been enacted at the federal, state and local levels dealing with the use, storage, handling, removal, transport and disposal

of toxic or hazardous wastes and substances. Depending upon past, current and proposed uses of the Property, it may be prudent to retain an environmental

expert to conduct a site investigation and/ or building inspection. If such substances exist or are contemplated to be used at the Property, special

governmental approvals or permits may be required. In addition, the cost of removal and disposal of such materials may be substantial. Consequently, legal

counsel and technical experts should be consulted where these substances are or may be present.

Ownership and CBRB expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property

and/or terminate discussions with any entity at any time with or without notice. Ownership shall have no legal commitment or obligation to any entity

reviewing this OM or making an offer to purchase the Property unless and until a written commitment to purchase the Property has been fully executed,

delivered, and approved by Ownership and any conditions to Ownership’s obligations thereunder have been satisfied or waived. Except for

representation and warranties expressly set forth in such definitive, executed purchase and sale agreement, Ownership makes and will make no

representations and warranties regarding the Property and any prospective purchaser must rely entirely on its own investigations and those of its agents

and consultants.

By receipt of this OM, you agree that this OM and its contents are of a confidential nature, that you hold and treat it in the strictest confidence, and that you

will not disclose this OM or any of its contents to any other entity without the prior written authorization of Ownership nor will you use this OM or any of its

contents in any fashion or manner detrimental to the interest of Ownership or CBRB.

The terms and conditions stated in this section will relate to all of the sections of the OM as if stated independently therein. If, after reviewing this OM,

you have no further interest in purchasing the Property at this time, kindly return this OM to CBRB at your earliest convenience. Photocopying or other

duplication is not authorized.


853 N. McCADDEN PL€¦ · home. The bathrooms, paint, & wood floor color schemes highlight living...

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