758 N Hudson Avenue, Los Angeles, CA 90038

About this property

REDUCED $200,000! Seller motivated. 758 N Hudson Ave is a well-maintained 12-unit multifamily property located in the heart of Hollywood, CA 90038. This classic building, constructed in 1955, features twelve spacious 1-bedroom, 1-bathroom units, each offering comfortable living spaces and private balconies. The property boasts a secure entrance, convenient tuck-under parking for residents, and a on-site laundry room. Currently operating at a solid 5.77% capitalization rate, this investment offers significant upside potential. While subject to Los Angeles rent control with allowable annual rent increases of 4%, the existing rents are well below market, providing a clear pathway to increased revenue through strategic upgrades and proactive management. Residents enjoy the building's prime location, within walking distance to a variety of shops, restaurants, and entertainment venues. Its proximity to major Hollywood attractions, studios, and employment centers makes it highly desirable for renters. With its classic charm, spacious units, convenient on-site amenities, and prime location, this property offers an exceptional opportunity to own a piece of Hollywood history with strong cash flow and substantial value appreciation potential.

Listing description from the June 2025 sale, as reported to CRMLS.

Sale history

$2,640,000

Sold June 2025 · listed $2,799,000, orig. $3,000,000, on market February 2025 · MLS #25502633 · Source: CRMLS

Listing Agent: Peter Ciriello · Listing Office: LA Commercial · Contact: 310-980-4562 · Bought with: Kelly Morgan · KW Advisors

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