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Keller Williams
823 N Hudson Avenue, Los Angeles, CA 90038
- $2,000,000
- 10
- BD
- 11
- BA
- 6,315
- SqFt
- List Price
- $2,000,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 26103695
- Subtype
- Residential Income
- Style
- Contemporary
- Year Built
- 1963
- Bedrooms
- 10
- Bathrooms
- 11
- Living Area
- 6,315
- Lot Size
- 6,802
- Acres
- 0.16
- MLS Area Major
- Hollywood (C20)
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.
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Additional Information
- Property Description
- Contemporary
- Zoning
- LAR3
- Flooring
- Laminate
- Appliances
- Refrigerator, Range Hood, Dryer, Washer
- Heating
- Wall Furnace
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Pool Type
- None
- Parking Features
- Assigned, Carport, Garage, Tandem, Uncovered
- School District
- Los Angeles Unified
- View
- None
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Listing courtesy of Listing Agent: Tregg Rustad (tregg@treggrustad.com) from Listing Office: Rodeo Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.