758 N Hudson Avenue
Los Angeles, CA 90038
9116 sqft | 12 beds | 0.17 acres | #25502633
Description
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 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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$3,000,000
- MLS #25502633
- MLS #25502633
- Cost2799000
- Acres0.1721
- Square Feet9116
- Year Built1955
- Bedrooms12
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Peter Ciriello (#CLW-X64322)
Listing Office: LA Commercial (#CLW-X78185)
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