Equity Union 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… Read More 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. Read Less
Property listed by Equity Union, Michelle Shamamian 818-653-9559
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.16 Acres
Year Built
1958
MLS Number
SR26004415
Additional Details
Building
Built in 1958, 1 building, 2 stories, Entry level: 1, Entry location: Street
Community
StreetLights, Urban
Cooling
CentralAir
Expenses
Operating: $56,672
Fireplaces
None
Garage
8 spaces
Income
Gross Income: $170,952, Gross ScheduledIncome: $170,952, Net Operating Income: $114,280
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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