1046 N Ogden Dr, West Hollywood, CA 90046

1046 N Ogden Dr, West Hollywood, CA 90046

West Hollywood, CA
$3,100,000

Property Description

Investment Highlights

  • 10 Units Prime West Hollywood
  • Assumable Financing! Buyer Can Assume Existing Loan at 3.94% Fixed Until February 2027!
  • Great Unit Mix Composed of 6 – One Bedroom Units & 4 – Two Bedroom Units!
  • 1st Time To be Sold in Over 38 Years!
  • All units eligible for rent increases except unit 3 & 9 (Over 12 months since last increase)
  • Approximately 31% Upside in Rents
  • Property Offers Gated Parking and On-Site Laundry Facilities for Tenants!
  • Walkscore.com Rates 1046 N. Ogden Dr. a Walker’s Paradise: Daily Errands do not Require a Car!
  • Close Proximity to Shopping, Dining & Entertainment on Melrose Avenue, Santa Monica Boulevard
    & Sunset Boulevard!
  • Desirable West Hollywood Location Near Downtown LA, Beverly Hills, and Century City Business
    Centers!
  • Supply Constrained 90046 Zip Code!

Property Features

  • Sale Price: $3,100,000
  • Area Size: 8,636 SF
  • Year Built: 1958
  • Units: 10
  • Current GRM: 12.93
  • Current Cap Rate: 4.65%
  • Market GRM: 9.88
  • Market Cap Rate: 6.91%

Lyon Stahl Investment Real Estate

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