922 N Hudson Ave is a 12-unit Hollywood multifamily asset offering investors a rare combination of newer construction, regulatory flexibility, and walkable proximity to Los Angeles’ most active entertainment and retail corridors. Built in 1985, the property is exempt from the City of Los Angeles Rent Stabilization Ordinance, allowing ownership to implement annual rent increases of up to 5% plus CPI, currently totaling approximately 8.8% (buyer to verify).

For Los Angeles multifamily investors, 922 N Hudson Ave stands out for its ability to grow income without the constraints imposed on most apartment properties in the city. In a market increasingly defined by rent control limitations, the RSO exemption at 922 N Hudson provides a meaningful advantage and supports strong long-term cash flow growth.

Location and Employment Proximity at 922 N Hudson Ave

922 N Hudson Ave is located on a quiet residential street just two blocks north of Melrose Avenue, surrounded by a mix of vintage homes and well-maintained multifamily properties. The setting offers a residential feel while maintaining immediate access to Hollywood’s primary employment centers.

The property benefits from proximity to some of Los Angeles’ most significant entertainment employers, including Sunset Las Palmas Studios approximately 0.4 miles away, Paramount Studios roughly 0.9 miles away, and Sunset Gower Studios about 1 mile away. This concentration of studios and creative offices continues to drive demand from entertainment and media professionals seeking short commutes and centrally located housing.

With Hancock Park, Larchmont Village, Hollywood, and Koreatown all within a short drive, 922 N Hudson Ave consistently attracts tenants who value walkability, employment access, and neighborhood stability.

Unit Mix and Building Features

922 N Hudson Ave features 12 spacious units averaging approximately 750 SF each, with a total building size of 9,038 SF. The generous layouts differentiate the property from much of the smaller, more constrained rental stock in Hollywood and support stronger tenant retention.

The building offers secure gated access, a landscaped rear seating area, and on-site laundry. Parking is provided via 12 side-by-side spaces in an at-grade garage, a highly valuable amenity in this submarket where parking is often limited. The combination of secure access, outdoor space, and parking enhances the resident experience and strengthens the property’s competitive position.

Water and trash expenses at 922 N Hudson Ave are reimbursed by tenants, helping insulate ownership from utility cost inflation and supporting improved NOI efficiency.

Rent Control Exemption and Income Growth

One of the defining characteristics of 922 N Hudson Ave is its exemption from LA’s Rent Stabilization Ordinance due to its 1985 construction. This exemption allows annual rent increases of up to 5% plus CPI, currently totaling approximately 8.8% (buyer to verify), compared to the more restrictive limits applied to most Los Angeles multifamily properties.

For investors, this regulatory flexibility creates a clearer and more predictable path to income growth. As operating costs rise and rent-controlled properties face tighter constraints, the ability to adjust rents annually at higher thresholds becomes increasingly valuable. The rent control exemption at 922 N Hudson Ave materially strengthens underwriting assumptions and long-term return potential.

Conclusion

922 N Hudson Ave represents a compelling Hollywood multifamily opportunity combining 12 units, newer construction, RSO exemption, and proximity to major entertainment employment hubs. The property’s unit sizes, parking, expense reimbursement structure, and regulatory advantages position it for durable performance in one of Los Angeles’ most supply-constrained rental corridors.

The Kenny Stevens Team has extensive experience representing Hollywood multifamily assets and navigating transactions involving rent-control-exempt properties. To see how 922 N Hudson Ave ultimately traded and how buyer positioning, underwriting, and execution came together, view the full 922 N Hudson success story here. The case study provides additional insight into how this asset performed in the market and how the transaction was successfully completed.