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$2,650,000
Est. payment /mo
6,812 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25233948
HOA Y/N No
Year Built 1958
Lot Size 6,812 Sqft
Property Sub-Type Apartment
Property Description
Sotheby's International is pleased to present 1026 N. Hudson Avenue, an exceptional value-add multifamily investment opportunity. This eight-unit multifamily property is strategically located in the heart of Hollywood between stylish Hollywood and prosperous Hancock Park - just minutes from Wilshire Country Club. With a desirable location and proximity to major entertainment hubs, this property attracts strong tenant demand and returns for investors.
Ownership has completed several capital improvement projects, which include a new roof, completion of the seismic retrofit, and an electric upgrade. Select units have been remodeled and feature new hardwood flooring, brand new countertops and steel appliances. In addition, the on-site laundry facilities provide an auxiliary income stream for ownership. The building is separately metered for gas and electricity. The proximity and central location of 1026 N Hudson is a significant factor in its desirability to renters. The proximity to major transport hubs further enhances the desirability of the location for renters and owners alike, providing easy access to the wider Los Angels area.
Ownership has completed several capital improvement projects, which include a new roof, completion of the seismic retrofit, and an electric upgrade. Select units have been remodeled and feature new hardwood flooring, brand new countertops and steel appliances. In addition, the on-site laundry facilities provide an auxiliary income stream for ownership. The building is separately metered for gas and electricity. The proximity and central location of 1026 N Hudson is a significant factor in its desirability to renters. The proximity to major transport hubs further enhances the desirability of the location for renters and owners alike, providing easy access to the wider Los Angels area.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Urban
Total Parking Spaces 8
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5533013021
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Michelle Shamamian Sothebys International Realty 818-653-9559
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