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
823 N Hudson AVE, Los Angeles, CA 90038
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Janette Sandoval

Janette Sandoval

+1(951) 412-9673
$ 2,000,000
Est. payment | /mo

10 Beds

11 Baths

6,315 SqFt

Save
$ 2,000,000
Est. payment | /mo
Save

10 Beds

11 Baths

6,315 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,315 sqft

Price per Sqft $316

MLS Listing ID 26103695

Bedrooms 10

HOA Y/N No

Year Built 1963

Lot Size 6,804 Sqft

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 C20 - Hollywood

Zoning LAR3

Interior

Heating Wall Furnace

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Refrigerator, Range Hood, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Assigned, Carport, Garage, Tandem, Uncovered

Pool None

View Y/N No

View None

Total Parking Spaces 9

Private Pool No

Building

Story 2

Entry Level Two

Sewer Other

Architectural Style Contemporary

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5533025002

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Tregg Rustad Rodeo Realty #01349144

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Why The Brandon Drew Group?

THIS IS OUR PURPOSE .
 
Named for our son. Built for your family. The Brandon Drew Group is a family-run mortgage firm in Rancho Cucamonga, California, named in memory of Robert and Colleen Olivas's son Brandon Drew. What started as a way to honor him became a calling — to make sure every family who walks through our door is treated with the same patience, honesty, and care we wish for our own. The story behind the name →

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823 N Hudson AVE