Property listed by Compass, Kenny Stevens 310-230-5478
$3,500,000
Nestled in the heart of Hollywood, 922 N. Hudson Ave. presents an opportunity to acquire a 12-unit newer construction asset located blocks from Hancock Park, Melrose Ave, and the ever-popular Larchmont Village. Built in 1985, the property is exempt from Los Angeles rent control, allowing for annual rent increases of… Read More 5% plus CPI (currently 8.8%buyer to verify). This regulatory advantage provides flexibility and long-term upside. Located 2 blocks north of Melrose, 922 N. Hudson sits on a quiet residential block surrounded by a mix of charming historic homes and newer multifamily developments. The property is a short walk to Sunset Las Palmas Studios (0.4 miles), Paramount Studios (0.9 miles), Sunset Gower Studios (1 mile), and numerous employment hubs that draw steady demand from entertainment professionals. Major retail, dining, and nightlife destinations in Hollywood (1.3 miles), Larchmont Village (1.3 miles), and K-Town are all nearby. The building features bright, spacious units that average approx. 750 SF, with title showing a total building size of 9,038 SF. The layout, natural light, and interior finishes make the units highly attractive to renters seeking value in a prime Hollywood location. Property amenities include secured, gated access, a landscaped rear seating area, on-site laundry facilities, and an on-grade parking garage with 12 side-by-side spaces. Ownership also benefits from reimbursement for water and trash. 922 N. Hudson offers the rare combination of location, stability and regulatory flexibility; all in one of LA's most dynamic rental markets. Read Less
Listing Snapshot
Days Online
39
Last Updated
Property Type
Other
Beds
8
Square Ft.
9,038
Lot Size
0.16 Acres
Year Built
1985
MLS Number
25564025
30 Days Snapshot Of 90038
$767k
+2%
(avg) sold price
3
0%
homes sold
372
+304%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal
Building
Built in 1985, Building area total: 9,038, Levels: Two, Living area: 9038, 2 stories, 1 building, Architectural style: MidCenturyModern
Fireplaces
None
Floors
Tile
Heating
WallFurnace
Income
Gross income: $273,320, Net operating income: $171,257
Interior Features
CeilingFans
Lot
0.1567 acres, 6,824 square feet, Size: 6,824
Parking
12 totals parking, Garage
Property
Zoning: LAR3, CityLights
Security Features
SecurityGate, KeyCardEntry
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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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