1026 N Hudson Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,650,000 USD
818-925-0384
1026 N Hudson Ave, Los Angeles, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/17
null | 4.31% Cap Rate

1026 N Hudson Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • 8-Unit Investment Opportunity in Hollywood
  • Premier Hollywood Location
  • Multiple Units with Section 8 Vouchers
  • (3) 2 Bedrooms (5) 1 Bedrooms
  • Extensive Capital Improvements: Roof, Electrical & Retrofit

OVERVIEW

Sotheby's International is pleased to present 1026 N. Hudson Avenue, an exceptional value-add multifamily investment opportunity. This eight-unit multifamily property is strategically located in the heart of Hollywood between stylish Hollywood and prosperous Hancock Park - just minutes from Wilshire Country Club. With a desirable location and proximity to major entertainment hubs, this property attracts strong tenant demand and returns for investors. Ownership has completed several capital improvement projects, which include a new roof, completion of the seismic retrofit, and an electric upgrade. Select units have been remodeled and feature new hardwood flooring, brand new countertops and steel appliances. In addition, the on-site laundry facilities provide an auxiliary income stream for ownership. The building is separately metered for gas and electricity. The proximity and central location of 1026 N Hudson is a significant factor in its desirability to renters. The proximity to major transport hubs further enhances the desirability of the location for renters and owners alike, providing easy access to the wider Los Angels area. 1026 Hudson offers a rare opportunity to acquire a value add asset located within one of the most sought-after rental markets in Los Angeles. This investment opportunity is poised for long-term appreciation while also immediately providing investors with steady cash flow.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

8

PRICE/UNIT

$331,250

CAP RATE

4.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,813 SF

ZONING

LAR3

APN/PARCEL ID

5533-013-021

ASK ABOUT THIS PROPERTY

Michelle ShamamianSotheby's International RealtyMore Info
818-925-0384

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Michelle ShamamianSotheby's International RealtyMore Info
818-925-0384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.