LA Commercial and Kelly Morgan Commercial are proud to present 732 N Hudson Ave, a well-maintained 8-unit apartment building constructed in 1990, featuring a desirable mix of (4) large one-bedroom/one-bathroom units and (4) large two-bedroom/two-bathroom units spread across 7,274 square feet of building area . The property sits on a 6,817 square foot lot in the heart of Hollywood. Building Amenities: Beautiful Curb Appeal Secure subterranean parking garage with 14 spaces Central air conditioning Private balconies Gated security entrance Individual unit meters for utilities Modern 1990s architectural features The property offers a significant advantage as it falls under state rent control (AB 1482) rather than LA RSO, allowing for annual rent increases of 5% plus CPI (maximum 8.8% total increase in 2024). The compounded rent increases for 5 years easily achieves 17% with little turnover and not including cost segregation. Applying advanced techniques to driving income could easily put that number north of 20%. And unlike other maxed out buildings, this one has room in the rents for growth! The property’s 1990 construction provides modern amenities while its strategic location and parking configuration make it an excellent candidate for potential condo conversion. The building has been well-maintained and features the LAR3 zoning designation. The Property also has a sister building at 752 N Hudson Ave. Please contact us for an OM.