738 N Hudson Ave

OPPORTUNITY: 738 N Hudson Avenue is an 8-unit renovated asset located in the heart of Hollywood's red hot Media District.

The Hudson offers investors the chance to acquire a renovated 8-unit apartment building in the heart of the Hollywood Media District one of L.A.'s most dynamic rental submarkets. The strong in-place income with renovated units achieving market-making rents for this type of asset and vintage. Five of the 8 units have been renovated with high-end finishes, leaving over 30% rental upside in the remaining three unrenovated units. The Hudson provides a generous going-in cash flow and excellent value-add potential in a pocket of Hollywood surrounded by new multifamily, mixed-use and bespoke entertainment-related buildings, including movie studios and post-production facilities. The Hudson provides a lower-cost alternative to the surrounding Class A product, while delivering the same luxury unit finishes found in the adjacent top-tier buildings. Extensive system upgrades including new plumbing, electrical, and windows minimize future capital expenditures and ensure long-term operational efficiency. This is a rare opportunity to own a pride-of-ownership asset in a walkable, high-demand pocket of Hollywood with enduring tenant appeal. PROPERTY: This 1960 vintage asset has been meticulously transformed into a boutique, condo-style rental community. Five of the eight units have been extensively renovated with quartz countertops, designer cabinetry, stainless steel appliances, contemporary, grey-washed wood flooring, and hotel-inspired bathrooms. The remaining three units still in classic condition present enormous upside for an investor looking to enhance revenue with minimal capital outlay. The property also benefits from significant capital improvements, including upgraded building systems, new windows, and a freshly slurried driveway. Turnkey quality and thoughtful finishes make this a standout asset in its category.

This home located at 738 N Hudson Ave is currently active and has been available on pardeeproperties.com for 14 days. This property is listed at $2,150,000. It has 9 beds and 8 bathrooms. The property was built in 1960. 738 N Hudson Ave is in the Hollywood community of Los Angeles County.

The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2014 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.