Property listed by LA Commercial, Peter Ciriello 310-980-4562
$2,799,000
REDUCED $200,000! Seller motivated. 758 N Hudson Ave is a well-maintained 12-unit multifamily property located in the heart of Hollywood, CA 90038. This classic building, constructed in 1955, features twelve spacious 1-bedroom, 1-bathroom units, each offering comfortable living spaces and private balconies. The property boasts a secure entrance, convenient… Read More tuck-under parking for residents, and a on-site laundry room. Currently operating at a solid 5.77% capitalization rate, this investment offers significant upside potential. While subject to Los Angeles rent control with allowable annual rent increases of 4%, the existing rents are well below market, providing a clear pathway to increased revenue through strategic upgrades and proactive management. Residents enjoy the building's prime location, within walking distance to a variety of shops, restaurants, and entertainment venues. Its proximity to major Hollywood attractions, studios, and employment centers makes it highly desirable for renters. With its classic charm, spacious units, convenient on-site amenities, and prime location, this property offers an exceptional opportunity to own a piece of Hollywood history with strong cash flow and substantial value appreciation potential. Read Less
Listing Snapshot
Days Online
60
Last Updated
Property Type
Other
Beds
12
Square Ft.
9,116
Lot Size
0.17 Acres
Year Built
1955
MLS Number
25502633
30 Days Snapshot Of 90038
$1,350k
+12%
(avg) sold price
5
-28%
homes sold
35
-53%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1955, Building area total: 9,116, Levels: Two, Living area: 9116, 2 stories, 12 buildings
Heating
ForcedAir
Income
Gross income: $247,380, Net operating income: $161,496
Lot
0.1721 acres, 7,496 square feet, Size: 7,496
Parking
AttachedCarport
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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