738 N Hudson Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90038
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,895 sqft
Price per Sqft $480
MLS Listing ID CL25540131
HOA Y/N No
Year Built 1960
Lot Size 6,817 Sqft
Acres 0.16
Property Sub-Type Comm Ind For Sale
Property Description
THE OPPORTUNITY: The Hudson offers investors the chance to acquire a renovated 8-unit apartment building in the heart of the Hollywood Media District, one of L.A.'s most dynamic rental submarkets. The strong in-place income with renovated units achieving market-making rents for this type of asset and vintage. Five of the 8 units have been renovated with high-end finishes, leaving over 30% rental upside in the remaining three unrenovated units. The Hudson provides a generous going-in cash flow and excellent value-add potential in a pocket of Hollywood surrounded by new multifamily, mixed-use and bespoke entertainment-related buildings, including movie studios and post-production facilities. The Hudson provides a lower-cost alternative to the surrounding Class A product, while delivering the same luxury unit finishes found in the adjacent top-tier buildings. Extensive system upgrades including new plumbing, electrical, and windows minimize future capital expenditures and ensure long-term operational efficiency. This is a rare opportunity to own a pride-of-ownership asset in a walkable, high-demand pocket of Hollywood with enduring tenant appeal. PROPERTY: this 1960 vintage asset has been meticulously transformed into a boutique, condo-style rental community. Five of the eight units
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Total Parking Spaces 8
Building
New Construction No
Others
Tax ID 5533035023
Virtual Tour https://view.spiro.media/738_n_hudson_ave-3294