738 N Hudson Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,350,000 USD
323-202-9741
738 N Hudson Ave, Los Angeles, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/9
null | 4.53% Cap Rate

738 N Hudson Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Renovated & stabilized building
  • 5 of 8 units upgraded with hi-end finishes
  • Over 20% upside in rental income
  • Upgraded building systems
  • Great Hollywood Media District location
  • "Walkers Paradise" score of 91 on Walkscore

OVERVIEW

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. PROPERTY: This 1960 vintage asset has been meticulously transformed into a boutique, condo-style rental community. Five of the eight units have been extensively renovated with quartz countertops, designer cabinetry, stainless steel appliances, contemporary, grey-washed wood flooring, and hotel-inspired bathrooms. The remaining three units—still in classic condition—present enormous upside for an investor looking to enhance revenue with minimal capital outlay. The property also benefits from significant capital improvements, including upgraded building systems, new windows, and a freshly slurried driveway. Turnkey quality and thoughtful finishes make this a standout asset in its category. SUBMARKET: Positioned just steps from the iconic intersection of Melrose and Vine, The Hudson is located in the heart of the Hollywood Media District—an energetic micro-neighborhood at the intersection of culture, creativity, and capital. Once a quiet industrial pocket, this area has undergone a dramatic transformation into one of L.A.’s most desirable live-work environments, fueled by its concentration of production studios, post houses, and creative office campuses.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$480 USD /SF

# OF UNITS

8

PRICE/UNIT

$293,750

CAP RATE

4.53%

% 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 Policy.