$3,750,000
 $20,131 est/mo Sourced by Back At You

1236 N Ogden Drive,West Hollywood, CA 90046

West Hollywood, CA 90046

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Description

1236 N Ogden Drive, West Hollywood, CA is an exceptionally well-operated asset with substantial upside. This 10-unit West Hollywood apartment community is centrally located between Fountain Avenue and Santa Monica Blvd., just one block from Whole Foods and other popular attractions. West Hollywood multifamily investments have historically provided investors exceptional long-term capital appreciation and wealth preservation.1236 N Ogden Drive, built in 1964, features an ideal unit composition of two (2) huge 2-Bedroom/2-Bathroom plus Den units, two (2) 2-Bedroom/2- Bathroom units, and six (6) spacious 1-Bedroom/1-Bathroom units. The units are large, averaging nearly 1,000 sf/unit. Current ownership has overseen top-to-bottom renovation of five of the ten units, attracting the most discerning tenants and setting the market for strong rents. Remodeled units boast new stylish flooring, updated bathrooms and kitchens, designer appliances, crown molding, mini-split A/C units, along with washer/dryers in select units. As additional units turn over, further enhancements could be made. Property amenities include 14 tucked-under parking spaces (with individual storage compartments), an on-site laundry room, and balconies on five units. The apartment homes are individually metered for gas and electrical utilities, keeping the owner's expenses low. Recent capital improvements include a) Tuck-Under Parking Seismic Retrofit (2019/2020), b) New Electric Gate to Parking (2023), c) Brand New 400 amp Electrical Panel (2024), d) New 100 Gallon Commercial Water Heater (2024), e) New Copper Plumbing and Cast Iron Drain Lines in Half the Building (2021/2022), and f) New Rain Gutters (2024), g) All New Double-Paned Windows and Sliding Glass Doors (2019). The asset is located close to world-class dining, shopping, entertainment, and nightlife in West Hollywood and further benefits from access to business services and major employment centers throughout the city and its surrounding neighborhoods. There is substantial rental upside based on current market rents vs. existing rents, thus representing a strong long-term investment opportunity in an exceptional West Hollywood location.

Details

MLS#25511205
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1964
Days On Site44
Listing Provided ByKW Commercial Studio City 818-432-1500 | Nick Astrupgaard

Features

Bed(s)16
Bath(s)14
SQ Feet9,948
Story(s)2
Units10
Building(s)1
ZoningWDR3C*
Acreage0.18

Market Activity 90046

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 1 minute ago
StateCA
CountyLos Angeles
CityWest Hollywood
Zip Code90046
AreaC10 West Hollywood Vicinity
Listing VS Median (in 90046)
Price:
$3,750,000
low | high
Med:
$699,000
100% of Average
SqFt:
9,948
low | high
Med:
1,144
100% of Average
$ / SqFt:
$377
low | high
Med:
$611
12.08979020979% of Average
On site:
44
low | high
Med:
88.000000
50% of Average
Sourced by Back At You
Listing Updated: April 10, 2025 at 11:13:37 AM PDT