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$ 3,750,000
Est. payment /mo
New
1236 N Ogden DR West Hollywood, CA 90046
16 Beds
14 Baths
9,948 SqFt
UPDATED:
03/13/2025 08:34 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,948 sqft
Price per Sqft $376
MLS Listing ID 25511205
Bedrooms 16
HOA Y/N No
Year Built 1964
Lot Size 7,718 Sqft
Property 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.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3C*
Interior
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 14
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5530003007
Special Listing Condition Standard
Listed by Nick Astrupgaard • KW Commercial Studio City
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