1046 N Ogden Dr, West Hollywood, CA 90046
West Hollywood, CA$2,995,000
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: $2,995,000
- Area Size: 8,636 SF
- Year Built: 1958
- Units: 10
- Current GRM: 11.52
- Current Cap Rate: 5.58%
- Price Per Unit: $299,500
