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1405 N Hudson Ave 9 Unit Apartment Building For Sale Los Angeles, CA 90028
Investment Highlights
- 30 MINUTES FROM USC
- Experience 100% co living, with open stairwell courtyards, an inviting rooftop terrace, and an indoor clubhouse to host, connect, and relax
- Close proximity to multiple public transportation options
- 10 total parking spaces on-site with controlled access gated parking
Executive Summary
The members of your community and workforce need housing, and their housing needs are immediate. In Los Angeles, housing is scarce and the cost of building new multi-family housing from the ground up can be prohibitively expensive and time-consuming. The time to develop a new multifamily building project in Los Angeles is a multi-year undertaking. From initial application through completion, the average multifamily project runs 3.9 years, according to a 2023 study published by the Los Angeles Building Council. Approvals account for 1.5 years, and construction accounts for 2.4 years.¹ How valuable are those four years to the members of your community? A more immediate solution for universities, mission driven organizations, and corporations who aim to provide housing for their communities and workforces would be to gain control of new construction. One organization, as seen on the following pages, accomplished this objective by acquiring two newly constructed or renovated assets for use by community
college students in Los Angeles. We are proud to bring to market a co-living apartment building designed for housing members of a community that shares a common vision and mission. 1405 N Hudson Ave is a 36-bedroom co-living property located in Hollywood. The immediate availability of this multifamily property will solve a years-long development problem for your organization
college students in Los Angeles. We are proud to bring to market a co-living apartment building designed for housing members of a community that shares a common vision and mission. 1405 N Hudson Ave is a 36-bedroom co-living property located in Hollywood. The immediate availability of this multifamily property will solve a years-long development problem for your organization
Property Facts
| Sale Type | Investment | Building Size | 16,350 SF |
| No. Units | 9 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.11/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.33 AC | ||
| Zoning | LARD1.5 - small lot subdivision | ||
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 16,350 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.11/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - small lot subdivision |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Wi-Fi
- Roof Terrace
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
| 4+4 | 2 | - | - |
| 4+4.5 | 1 | - | - |
| 5+5 | 4 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5547-026-047 | Improvements Assessment | $597,358 |
| Land Assessment | $1,934,307 | Total Assessment | $2,531,665 |
Property Taxes
Parcel Number
5547-026-047
Land Assessment
$1,934,307
Improvements Assessment
$597,358
Total Assessment
$2,531,665
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1405 N Hudson Ave
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