1421 N Hudson AVE, Los Angeles, CA 90028
1421 N Hudson AVE, Los Angeles, CA 90028
1421 N Hudson AVE, Los Angeles, CA 90028
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Vivian Ayala

Vivian Ayala

+1(171) 439-11248
$2,250,000
Est. payment /mo
9 Beds
9 Baths
5,880 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,880 sqft

Price per Sqft $382

MLS Listing ID 26104588

Bedrooms 9

HOA Y/N No

Year Built 1957

Lot Size 7,710 Sqft

Property Description

MOTIVATED SELLER BRING ALL OFFERS! 9-UNIT HOLLYWOOD APARTMENT BUILDING WITH SIGNIFICANT RENTAL UPSIDE! eLAvate, Inc. is pleased to present 1421 N. Hudson Avenue, a 9-unit multifamily investment opportunity in the heart of Hollywood. Offered at $2,250,000 ($250,000 per unit), the seller is highly motivated and ready to consider all serious offers. Constructed in 1957, the property consists of approximately 5,880 square feet on a 7,707 square foot lot, featuring a unit mix of two 2-bedroom/1-bathroom units, five 1-bedroom/1-bathroom units and two studios. The property also includes seven parking spaces. STRONG VALUE-ADD OPPORTUNITY: The property currently generates approximately $164,995 in annual rental income, with an estimated $49,531 in additional annual rental income potential based on projected market rents. At the asking price, the property offers a current 3.90% cap rate, with a projected 5.86% pro forma cap rate and approximately 30% rental upside, subject to applicable rent regulations and tenant turnover. Recent capital improvements include a new/upgraded main electrical panel in January 2024 and a new permitted roof installed in May 2025. The roof improvement also benefits from an approved LAHD capital improvement rent increase. PRIME HOLLYWOOD LOCATION: Situated just south of Sunset Blvd., the property offers convenient access to Hollywood Blvd., Netflix, Paramount Pictures, Sunset Gower Studios, the Hollywood Palladium, Pantages Theatre and the Hollywood/Vine Metro B Line station. The central location provides access to major entertainment, employment, dining, and shopping destinations throughout Hollywood and greater Los Angeles. SELLER IS MOTIVATED TO SELL! All SERIOUS OFFERS ARE ENCOURAGED! An attractive opportunity for investors seeking an established Hollywood multifamily asset, recent capital improvements and long-term value-add potential.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned

Total Parking Spaces 7

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5547026008

Special Listing Condition Standard

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Listed by Josh Hodeda eLAvate,Inc. #02091542

NEARBY SCHOOL & BUSINESS

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