Exclusively Listed: 752 N Hudson Ave, Los Angeles, CA 90038
Description
752 N Hudson Ave is a well-maintained 8-unit apartment building constructed in 1989, featuring a desirable mix of (4) one-bedroom/one-bathroom units and (4) two-bedroom/two-bathroom units spread across 7,274 square feet of building area . The property sits on a 6,817 square foot lot in the heart of Hollywood.
Building Amenities:
- Secure subterranean parking garage with 14 spaces
- Central air conditioning
- Private balconies
- Gated security entrance
- Individual unit meters for utilities
- Modern 1989 architectural features
The property offers a significant advantage as it falls under state rent control (AB 1482) rather than LA RSO, allowing for annual rent increases of 5% plus CPI (maximum 8.8% total increase in 2024).
Location Highlights:
- Located in the vibrant Hollywood neighborhood
Minutes from major entertainment and employment hubs - Walkable area with a high Walk Score
- Close to Vine Street Elementary (0.4 miles) and Bancroft Middle School (0.4 miles)
- Easy access to Hollywood Boulevard entertainment district
- Convenient access to the 101 Freeway
The property’s 1989 construction provides modern amenities while its strategic location and parking configuration make it an excellent candidate for potential condo conversion. The building has been well-maintained and features the LAR3 zoning designation .
| Price | $3,150,000 | |
| Down Payment 50% | $1,606,500 | |
| Number of Units | 8 | |
| Cost per Unit | $393,750 | |
| GRM | 14.05 (Current) | 10.451(Market) |
| CAP | 4.37% (Current) | 6.69% (Market) |
| Year Built / Age | 1989 | |
| Approx. Lot Size | 6,815 | |
| Approx. Bldg SF | 7,274 | |
| Cost per Net RSF | $433 | |
| APN: | 5533-035-026 |
| Proposed Financing | Investment |
|---|---|
| Down Payment % | 51% |
| Down Payment $ | $1,606,500 |
| First Loan Amount | $1,543,500 |
| Terms | 30 |
| Interest Rate | 6.375% |
| Monthly Payment | $9,629 |
| Annual Debt Service | $115,553 |
| DSCR | 1.2 |
| Unit # | Type | Est SF | Notes | Current 1+1 | Current 2+2 | Market Rents |
|---|---|---|---|---|---|---|
| #101 | 2+2 | 950 | Occupied | $2,238 | $3,495 | |
| #102 | 1+1 | 750 | Occupied | $2,067 | $2,795 | |
| #103 | 1+1 | 750 | Occupied | $1,810 | $2,795 | |
| #104 | 2+2 | 950 | Occupied | $2,938 | $3,495 | |
| #201 | 2+2 | 950 | Occupied | $2,502 | $3,495 | |
| #202 | 1+1 | 750 | Occupied | $2,176 | $2,795 | |
| #203 | 1+1 | 750 | Occupied | $2,176 | $2,795 | |
| #204 | 2+2 | 950 | Occupied | $2,753 | $3,495 | |
| $8,230 | $10,430 | $25,160 |
| Est. Expenses | |
|---|---|
| Taxes (New) | $39,375.00 |
| Insurance (Est) | $10,330.00 |
| Utilities | $9,215.00 |
| Management. (Est) | $6,630.01 |
| Trash Pickup | $5,702.00 |
| Landscaping | $1,905.00 |
| Telephone Intercom | $1,181.00 |
| Repairs/Maint (Est) | $6,630.01 |
| $80,968 |
| Est Annual Operating Data | 100% Occupancy | 51% Down | Market Rents | |
|---|---|---|---|---|
| Scheduled Gross Income | $227,835.46 | $301,920.00 | ||
| Vacancy Rate Reserve | $(6,835.06) | 3% | $(9,057.60) | 3% |
| Gross Operating Income | $221,000.39 | $292,862.40 | ||
| Expenses 1 | $(80,968.02) | 35.5% | $(80,968.02) | 27% |
| Net Operating Income | $140,032.37 | $211,894.38 | ||
| Loan Payments | $(115,553.18) | $(115,553.18) | ||
| Pre-Tax Cash Flow 2 | $24,479.19 | 1.5% | $96,341.19 | 6% |