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$2,799,000
Est. payment /mo
9,116 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 9,116 sqft
Price per Sqft $307
MLS Listing ID CL25502633
HOA Y/N No
Year Built 1955
Lot Size 7,496 Sqft
Acres 0.17
Property Sub-Type Other
Property 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Forced Air
Fireplace No
Building
New Construction No
Others
Tax ID 5533035027
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Listed by Peter Ciriello • LA Commercial