752 N Hudson Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$3,150,000 USD
310-836-3638
752 N Hudson Ave, Los Angeles, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/5
null | 4.37% Cap Rate

752 N Hudson Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • State Rent Control (8.8% bumps in 2024)
  • 1990s Construction
  • Large units with balconies
  • Potential Condo Conversion
  • Subterranean Parking for 14
  • Room for 2 ADUs

OVERVIEW

LA Commercial and Kelly Morgan Commercial are proud to present 752 N Hudson Ave, a well-maintained 8-unit apartment building constructed in 1989, featuring a desirable mix of (4) one-bedroom/one-bathroom units and (4) 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: Secure subterranean parking garage with 14 spaces Central air conditioning Private balconies Gated security entrance Individual unit meters for utilities Modern 1989 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 property’s 1989 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. Please contact us for an OM.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

8

PRICE/UNIT

$393,750

CAP RATE

4.37%

% 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

1989

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,800 SF

ZONING

LAR3

APN/PARCEL ID

5533-035-026

ASK ABOUT THIS PROPERTY

Kelly MorganLA CommercialMore Info
310-836-3638

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

Kelly MorganLA CommercialMore Info
310-836-3638

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