CA > Los Angeles
Los Angeles, CA 90038,758 N Hudson AVE
Los Angeles, CA 90038,758 N Hudson AVE
Los Angeles, CA 90038,758 N Hudson AVE
Los Angeles, CA 90038,758 N Hudson AVE
Los Angeles, CA 90038,758 N Hudson AVE
Los Angeles, CA 90038,758 N Hudson AVE
Ian Michael
Ian Michael

+1(714) 723-1545

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$ 2,640,000

$ 2,799,000 5.7%

Est. payment | /mo

12 Beds

12 Baths

9,116 SqFt

$ 2,640,000

$ 2,799,000 5.7%

Est. payment | /mo

12 Beds

12 Baths

9,116 SqFt

Key Details

Sold Price $2,640,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 9,116 sqft

Price per Sqft $289

MLS Listing ID 25502633

Sold Date 06/06/25

Bedrooms 12

HOA Y/N No

Year Built 1955

Lot Size 7,496 Sqft

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

Area C20 - Hollywood

Zoning LAR3

Interior

Heating Forced Air

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Attached Carport

Attached Garage Yes

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5533035027

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Peter Ciriello • LA Commercial
Bought with Kelly Morgan • KW Advisors
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+1(714) 723-1545

ian@luxurela.com

50 Wilshire Blvd suite 203,, Beverly Hills, California, 9021290212, USA

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758 N Hudson AVE