1046 N Ogden Dr
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1046 N Ogden Dr
10 Unit Apartment Building $3,100,000 ($310,000/Unit) 5.16% Cap Rate West Hollywood, CA 90046
Investment Highlights
- 10 Units Prime West Hollywood
- Assumable Financing! Buyer Can Assume Existing Loan at 3.94% Fixed Until February 2027!
- Approximately 31% Upside in Rents
- 1st Time To be Sold in Over 38 Years!
- Great Unit Mix Composed of 6 - One Bedroom Units & 4 - Two Bedroom Units!
- Buyer to Verify is Seismic Retrofit Is Needed. Property is on West Hollywood Visual Survey
Property Facts
| Price | $3,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.16% | Building Size | 8,636 SF |
| Gross Rent Multiplier | 12.22 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Price | $3,100,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Gross Rent Multiplier | 12.22 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,636 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.16/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,936 | 750 |
| 2+2 | 4 | $2,236 | 1,000 |
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Walk Score ®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 5530-014-008 | Improvements Assessment | $555,127 |
| Land Assessment | $508,642 | Total Assessment | $1,063,769 |
PROPERTY TAXES
Parcel Number
5530-014-008
Land Assessment
$508,642
Improvements Assessment
$555,127
Total Assessment
$1,063,769
zoning
| Zoning Code | WDR3C* (Multiple Dwelling Zone) |
| WDR3C* (Multiple Dwelling Zone) |
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Jordan Asheghian -
Lyon Stahl Investment Real Estate
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1046 N Ogden Dr
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