738 N Hudson Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,150,000 USD
323-202-9741
738 N Hudson Ave, Los Angeles, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/10
null | 5.07% Cap Rate

738 N Hudson Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Renovated & stabilized building
  • 5 of 8 units upgraded with hi-end finishes
  • 30% upside in rental income
  • Upgraded building systems
  • Great Hollywood Media District location
  • "Walkers Paradise" score of 91 on Walkscore

OVERVIEW

Location: This is one of the best located properties in Hollywood on the market right now. The Media District has exploded in popularity in recent years and new construction surrounds the property on all sides. Opportunity: Own a repositioned building offering tenants institutional quality interiors at a much more accessible price point than the surrounding Class A and B inventory. With 30% upside in legacy rents, it's perfect for investors with a long-term horizon seeking a trophy-caliber asset in a rapidly evolving neighborhood. There are over 20 buildings built after 2005 within a two block radius. Bottom line: This is a great performing property with plenty of upside in a neighborhood that’s surging. Call broker for pricing guidance and to schedule a tour.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$439 USD /SF

# OF UNITS

8

PRICE/UNIT

$268,750

CAP RATE

5.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hudson

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,711 SF

ZONING

R3

APN/PARCEL ID

5533-035-023

ASK ABOUT THIS PROPERTY

Mark VentreLyon Stahl Investment Real EstateMore Info
323-202-9741

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Mark VentreLyon Stahl Investment Real EstateMore Info
323-202-9741

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