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748 N Hudson Ave, Los Angeles, CA 90038
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748 N Hudson Ave Los Angeles, CA 90038

$245,000 Sold Price as of 12/20/2022
  • 10 Beds
  • 9 Baths
  • 5,876 Sq.Ft.
Sold
$245,000 Sold Price as of 12/20/2022 Refinance Your Mortgage
Map preview of 748 N Hudson Ave, Los Angeles, CA 90038

Property Overview: 748 N Hudson Ave Los Angeles, CA has 10 bedrooms, 9 bathrooms, 5,876 living square feet and 6,815 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in a highly desirable area of Hollywood, this 8-unit building comes with one vacancy. This attractive post-modern building has a great unit mix. The property provides perfect accommodations for those on-the-go. The proximity of easy highway access as well as on site parking make these units in high demand. The structure itself provides both security with outside access gates and privacy with the tall lush foliage partially blocking view from passerby’s. Situated in a highly walkable area, this property is a short walk to trendy shops and dining establishments. Pro-forma cap rate of 4.85% when you factor in potential rents from open unit. $97k soft story retrofit recently completed. PROPERTY PASSED SCEP INSPECTION IN JUNE 2022.

Listed by Ruben Martinez | BRE #01027549 | Fiduciary Real Estate Services
Co-listed by Logan Martinez | BRE #01960924 | Fiduciary Real Estate Services
Last checked: 13 minutes ago | Last updated: December 21st, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
6,815
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC22206764
City
Los Angeles
County
Los Angeles
Time on Site
598 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,801
  • Total Rent: $1,801
  • Pro Forma/Market Rent: $1,801
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,527
  • Total Rent: $1,527
  • Pro Forma/Market Rent: $1,527
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,577
  • Total Rent: $1,577
  • Pro Forma/Market Rent: $1,577
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.85%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $175,166
  • Net Operating Income: $111,769
  • Gross Operating Income: --
  • Vacancy Allowance: $28,800
Annual Expense Breakdown
  • Total Operating Expense: $34,597
  • Electric: $649
  • Gas/Fuel: $3,323
  • Trash: $2,988
  • Insurance: $2,315
  • Professional Management: $7,831
  • Water/Sewer: $2,039

Property Details for 748 N Hudson Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 5533035025
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off Melrose
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 748 N Hudson Ave

Last sold for $245,000 on December 20th, 2022

  • December, 2022

  • Dec 20, 2022

    Date

    Sold

    CRMLS: OC22206764

    $245,000

    Price

  • Sep 27, 2022

    Date

    Active

    CRMLS: OC22206764

    $2,900,000

    Price

  • July, 2021

  • Jul 7, 2021

    Date

    Leased

    CRMLS: 21707604

    $1,795

    Price

  • Mar 19, 2021

    Date

    Active

    CRMLS: 21707604

    $1,750

    Price

  • Listing provided courtesy of CRMLS

    *1 Bedroom*1 Bathroom*Stove Included*Street Parking Only*On site laundry* Wall AC/Heat** Resident responsible for: Gas, Electricity, Internet & Cable.**Landlord pays for: Water,Trash & Sewage.

  • January, 2021

  • Jan 6, 2021

    Date

    Leased

    CRMLS: 20621740

    $1,650

    Price

  • Oct 22, 2020

    Date

    Price Change

    CRMLS: 20621740

    $1,650

    Price

  • Aug 21, 2020

    Date

    Active

    CRMLS: 20621740

    $1,750

    Price

  • Listing provided courtesy of CRMLS

    *1 Bedroom*1 Bathroom*Stove Included*Street Parking Only*On site laundry* Wall AC/Heat** Resident responsible for: Gas, Electricity, Internet & Cable.**Landlord pays for: Water,Trash & Sewage.

Show More

Tax History for 748 N Hudson Ave

Assessed Value (2020): $468,254
Year Land Value Improved Value Assessed Value
2020 $199,054 $269,200 $468,254

Home Value Compared to the Market

This property vs the competition

748 N Hudson Ave sold on December 20, 2022 for 143.7% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $493.53 per/sqft which puts the price per square foot 34.63% lower than the current median sale per square foot for the city of Los Angeles.

About 748 N Hudson Ave

Detailed summary of property

748 N Hudson Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 5,876 living square feet, and sits on an approximately 6,815 square foot lot. 748 N Hudson Ave was first listed on ArdentRealEstateGroup.com on September 27, 2022. The homeowner sold the property for $245,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 143.7% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 94 days, 748 N Hudson Ave has a days on market of 22 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 748 N Hudson Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 748 N Hudson Ave

Public county record property details
Beds
10
Baths
9
Year built
1965
Sq. Ft.
5,876
Lot Size
6,815
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5533-035-025

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
40
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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