823 N Hudson Ave, Los Angeles, CA 90038
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823 N Hudson Ave, Los Angeles, CA 90038
823 N Hudson Ave, Los Angeles, CA 90038
823 N Hudson Ave, Los Angeles, CA 90038
823 N Hudson Ave, Los Angeles, CA 90038
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823 N Hudson Ave Los Angeles, CA 90038

10 Beds

11 Baths

6,315 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,315 sqft

Price per Sqft $316

MLS Listing ID 26103695

Style Contemporary

Bedrooms 10

Year Built 1963

Lot Size 6,802 Sqft

Acres 0.1562

Property Sub-Type Multi-Family

Property Description

Located on a quiet residential street just north of Melrose Avenue and east of Highland Avenue, this mid-century, two-story, 8-unit apartment building is situated approximately three blocks north of Wilshire Country Club. The property offers approximately 6,315 square feet of living space and consists of (3) two-bedroom/two-bathroom units, (4) one-bedroom/one-bathroom units, and (1) studio apartment. Currently 100% occupied, the building generates approximately $182,893 in annual scheduled rental income ($15,241/month). Property features include separately metered electricity, on-site parking, a community laundry room, and a completed soft-story seismic retrofit. The location provides convenient access to the shops and restaurants along Melrose Avenue, Larchmont Village, Paramount Studios, Hollywood, and nearby employment centers, along with public transportation and major thoroughfares. Professionally managed, with rental and operating records available for review. Offered at approximately a 5.4% projected cap rate, based on estimated stabilized operating expenses, including property taxes reassessed at 1.25% of the asking price and annual insurance of $11,000. Property is subject to the LA Rent Control. Buyer to independently verify all property information, income, expenses, projected returns and applicable regulations. Please do not disturb tenants. Interior access by appointment only, after an offer is received.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR3

Rooms

Other Rooms None

Dining Room 0

Interior

Interior Features Turnkey, Built-Ins

Heating Wall

Cooling Wall Unit(s), Air Conditioning

Flooring Laminate

Fireplaces Type None

Equipment Built-Ins, Dryer, Washer, Refrigerator, Range/Oven

Laundry Community

Exterior

Parking Features Assigned, Carport, Uncovered, Tandem

Garage Spaces 9.0

Pool None

Community Features Community Mailbox

Waterfront Description None

View Y/N No

View None

Roof Type Flat

Building

Lot Description Sidewalks, Lot-Level/Flat, Curbs

Story 2

Sewer In Street

Water In Street

Architectural Style Contemporary

Level or Stories Two

Structure Type Stucco

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Rodeo Realty

Nearby Locations

Cherrie And Zach

Cherrie And Zach

Agent License ID: 01904568

+1(661) 312-2536

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823 N Hudson Ave