9-Unit Apartment
New
For Sale
$2,250,000
1421 N Hudson Ave, Los Angeles, CA 90028
A varied apartment mix is complemented by on-site parking and recent electrical and roof work.
Property Size5,880 SF
Lot Size0.18 Acres
Price / SF$382.65
Days on Market4
Property Features for 1421 N Hudson Ave
General Information
Standard status
Active
Size
5,880 SF
Total Parking Spaces
7
Lot size
0.18 Acres
Property subtype
MULTI_FAMILY
Financials
Asking Price
$2,250,000
Cap Rate
3.9%
Gross Income
$164,995
Site & Location
Neighborhood
Hollywood
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 5 x 1BR/1BA, 2 x studio
Multifamily Units
9
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Building Size
5,880 SF
Year Built
1957
Buildings
1
Listing Agency:
eLAvate,Inc.
Listed By:
Josh Hodeda · License #02091542
Source:
Carolinakramer
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 12:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eLAvate,Inc.
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Investment Insights
Based on property information with market context.
This 9-unit apartment property, built in 1957, contains approximately 5,880 square feet on a 7,707-square-foot lot. The unit mix includes two 2-bedroom/1-bathroom apartments, five 1-bedroom/1-bathroom apartments, and two studios, with seven parking spaces. Improvements include an upgraded main electrical panel completed in January 2024 and a permitted roof installed in May 2025. An LAHD-approved capital improvement rent increase is also associated with the roof work.
The property is south of Sunset Boulevard, with access to Hollywood Boulevard, Netflix, Paramount Pictures, Sunset Gower Studios, the Hollywood Palladium, the Pantages Theatre, and the Hollywood/Vine Metro B Line station. The stated current cap rate is 3.90%, with a projected pro forma cap rate of 5.86%. The estimated rental upside is approximately 30%, subject to applicable rent regulations and tenant turnover.
The property is south of Sunset Boulevard, with access to Hollywood Boulevard, Netflix, Paramount Pictures, Sunset Gower Studios, the Hollywood Palladium, the Pantages Theatre, and the Hollywood/Vine Metro B Line station. The stated current cap rate is 3.90%, with a projected pro forma cap rate of 5.86%. The estimated rental upside is approximately 30%, subject to applicable rent regulations and tenant turnover.
Key Highlights
- 9 apartments: two 2‑bedroom/1‑bathroom units, five 1‑bedroom/1‑bathroom units, and two studios
- Approximately 5,880 square feet on a 7,707‑square‑foot lot
- Seven parking spaces
Property Analytics
Who owns this building?
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
7,954
Businesses Nearby
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Business Placement
Demographics for 90028, CA
32,330
Population
22,344
Households
1.4
Avg Household Size
36
Median Age
49%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
21,553
Density / Sq Mi
$59,393
Median Household Income
$45,325
Median Earnings
$1,839
Median Rent
$970,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix is complemented by on-site parking and recent electrical and roof work.
Where is this apartment building located?
The property is located at 1421 N Hudson Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 9 apartments: two 2‑bedroom/1‑bathroom units, five 1‑bedroom/1‑bathroom units, and two studios; Approximately 5,880 square feet on a 7,707‑square‑foot lot; Seven parking spaces
