The Hudson 738 N Hudson Ave Immeuble residentiel 8 lots 2 033 455 € (254 182 €/Lot) Taux de capitalisation 4,53 % Los Angeles, CA 90038

OPPORTUNITY: 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. 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. SUBMARKET: Positioned just steps from the iconic intersection of Melrose and Vine, The Hudson is located in the heart of the Hollywood Media District—an energetic micro-neighborhood at the intersection of culture, creativity, and capital. Once a quiet industrial pocket, this area has undergone a dramatic transformation into one of L.A.’s most desirable live-work environments, fueled by its concentration of production studios, post houses, and creative office campuses.