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7/24/26
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A luxury, five-unit multifamily property in Hollywood traded for $4.25 mil, or an impressive $850k per unit. Built in 2018, the four-story townhome-style apartment property totals 11.5k sf on a 0.16-acre site located at 1002 N. Hudson Ave, west of Cahuenga Blvd and just south of Santa Monica Blvd.
The asset features a rare unit mix of five spacious three-bedroom, three-and-a-half-bath residences, each averaging approximately 2.3k sf in size with two dedicated parking spaces. It was fully occupied at the time of sale.
Designed to appeal to today’s luxury renters, the property offers high-end interior finishes, in-unit washers and dryers, a rooftop deck, secure gated access, and an enclosed garage. Its central Hollywood location provides convenient access to the Hollywood Fwy (U.S. 101), Santa Monica Blvd, Melrose Ave, the Hollywood Walk of Fame, and numerous dining, entertainment, and employment destinations throughout Hollywood and Central Los Angeles.
Executive Vice President Steve Liu and Vice President Alex Tohidian with NAI Capital Commercial represented both the buyer and seller in the transaction.
"This transaction highlights continued investor demand for newer multifamily assets in well-located Los Angeles neighborhoods," said Liu. "Closing in just 46 days speaks to how competitive the buyer pool was for this asset. Properties offering large floor plans, modern amenities, and strong occupancy continue to attract investors, particularly in supply-constrained submarkets like Hollywood."
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