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926 N Hudson Ave

926 N Hudson Ave, Los Angeles, CA 90038, USA

$1,945,000

CLOSED

November 4, 2024

SALE PRICE

$1,945,000

UNITS

7

PRICE PER UNIT

$277,857

PRICE PER SF

$302.07

CAP RATE

5.62%

GRM

10.91

Deal Story

Selling Agent

The Tuvia Group closed 926 N Hudson Avenue, a seven-unit multifamily property in core Hollywood, after less than 20 days of market exposure. The team sourced the buyer at $277,857 per unit and a 5.62% cap rate, successfully positioning the RSO asset despite broader market uncertainty. Located west of Vine Street, the mid-century property offered a strong unit mix and substantial rental upside. The team also negotiated the full removal of buyer contingencies prior to the November election, reducing uncertainty for the seller and allowing the transaction to close shortly thereafter.

Jason Tuvia

Senior Managing Director Investments

(818) 212-2735

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818-212-2735

Marcus & Millichap

16830 Ventura Blvd #100

Encino, CA 91346

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License

#01772495

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