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 tuck-under… Read More 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
Courtesy of LA Commercial 310-980-4562
Listing Snapshot
Days Online
59
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
$995k
-12%
(avg) sold price
3
-25%
homes sold
45
-36%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven
Building
9,116 sq ft, Built in 1955, Levels: Two
Cooling
Window Unit(s)
Disclosures
As Is
Garage
Carport Attached
Heating
Forced Air
Lot
LotAcreage: 0.1721, LotSizeArea: 7,496
Parking
TotalParking: 0
Property
NumberOfUnits: 8, Zoning: LAR3
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