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Northmarq Brokers Dorel Meiri & Steven Goldstein Represent Sale Of Hollywood Multifamily Property For $1.8M

933 North Hudson Avenue
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This MultiFamily property located in CA was sold for $1,825,000 over 1 year ago. The broker of the deal was Steven Goldstein

Northmarq is pleased to announce the sale of 933 North Hudson Avenue, an 8-unit walk-up apartment community located in Hollywood. The property, owned by Joanne Wright for over 20+ years, was sold in an off-market transaction. The buyer submitted an all-cash offer, resulting in a quick 10-day close. The sale price for 933 North Hudson Avenue was $1,825,000, making it one of the lowest Cap-Rate transactions in Hollywood over the last 12 months (2.78%).

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,825,000
  • Date: 10/27/2022
  • Address: 933 N Hudson Ave, Los Angeles, CA
  • Market: Los Angeles, CA
  • Seller: Joanne Wright
  • Brokers: Dorel Meiri & Steven Goldstein - Northmarq
  • Units: 8
  • Price Per Unit: $228,125
  • Total Square Footage: 6,084
  • Price Per Square Foot: $300

The sale of 933 North Hudson Avenue represents a significant transaction in the Hollywood real estate market. Dorel Meiri and Steven Goldstein, representing Northmarq, facilitated the deal, ensuring a successful off-market transaction. The property's prime location in Hollywood, combined with the all-cash offer and quick closing, contributed to its appeal and ultimately resulted in a favorable sale price. This transaction highlights the strong demand for multifamily properties in the area, even in the face of a low Cap-Rate.

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Deals
  • Location
    933 North Hudson Avenue, Los Angeles, California 90038, United States933 North Hudson Avenue, Los Angeles, California 90038, United States
  • Sale Price
    $1,825,000$1,825,000
    $300 PPSF$300 PPSF
  • Area
    6,084 SF6,084 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Steven Goldstein

Steven Goldstein

Deals6
Sold$86.2M

Agency

NorthMarq

NorthMarq

Agency
Deals467
Volume$21.6B

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Deal Summary

SALE IMAGE: Dorel Meiri & Steven Goldstein DATE: 10/27/2022 ADDRESS: 933 N Hudson Ave MARKET: Los Angeles, CA ASSET TYPE: Multifamily SELLER: Joanne Wright BROKERS: Dorel Meiri (@Dorel.Meiri) & Steven Goldstein - Northmarq (@Northmarq) SALE PRICE: $1,825,000 UNITS: 8 ~ PPU: $228,125 SF: 6,084 ~ PPSF: $300 NOTE FROM BROKER: Northmarq is pleased to announce the sale of 933 North Hudson Avenue, an 8-Unit walk-up apartment community located in Hollywood. The building had been owned by the same owner for over 20+ years and purchased by an owner who submitted an all-cash offer with a quick 10-day close in an off-market transaction. The sale of 933 North Hudson represents one of the lowest Cap-Rate transactions in Hollywood over the last 12-months (2.78%).

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933 North Hudson Avenue

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