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.
|
DAYS ON MARKET
|
87
|
LAST UPDATED
|
4/10/2025
|
|
YEAR BUILT
|
1955
|
COMMUNITY
|
Hollywood
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Conditional
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Mar 25, '25
|
$3,000,000
|
| Mar 25, '25 - Today |
$2,799,000 |
| APPLIANCES |
Refrigerator |
| AREA |
Hollywood |
| GARAGE |
Attached Carport, Yes |
| HEAT |
Forced Air |
| LOT |
7496 sq ft |
| PARKING |
Attached Carport |
| STORIES |
2 |
| ZONING |
LAR3 |
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Listed with LA Commercial
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/25 2:24 PM PDT 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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