738 S Ogden Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
738 S Ogden Dr
12 Unit Apartment Building $9,200,000 ($766,667/Unit) 4.43% Cap Rate Los Angeles, CA 90036
Investment Highlights
- Rare Newer Construction in Desirable Location: 12-unit, 2015 construction, apartment building located in the prestigious Miracle Mile neighborhood
- Excellent Unit Mix: Property features a favorable unit mix consisting of all (12) large two-bedroom/two-bathroom condo-style apartments
- Property Amenities: Property amenities include controlled access, alluring rooftop retreat with amazing city views, assigned garage parking, etc
- Favorable Assumable Loan: Assumable loan at 4.12% interest-only until May 2027
- Unit Features: Units feature floor-to-ceiling/wall-to-wall windows, central air and heat, in-unit washer/dryer, wood flooring with plush carpeting i
- Walk Score 91 (Walker’s Paradise): Located just steps to iconic Los Angeles Landmarks such as LACMA and Petersen Automotive Museum.
Executive Summary
***PRICE REDUCED***Marcus & Millichap is pleased to present 738 S. Ogden Drive, a 12-unit apartment building located in the prestigious Miracle Mile neighborhood of Los Angeles. Built in 2015, the property features a favorable unit mix consisting of all (12) large two-bedroom/two-bathroom condo-style apartments with an average unit size 1,239 sf. Units feature floor-to-ceiling/wall-to-wall windows, central air and heat, in-unit washer/dryer, wood flooring with plush carpeting in bedrooms, huge balconies with two-way gas fireplace, personal in-wall safe, huge walk-in and large wall to wall closets (select floorplans), 10-foot ceilings throughout and skylights (select floorplans), designer kitchen with quartz countertops, tiled backsplash, double stainless steel sinks, stainless-steel appliance package and stylish bathrooms with subway tile, glass-enclosed tubs and showers. Property amenities include controlled access, alluring rooftop retreat with amazing city views, assigned garage parking, electric car charging stations and 24-hour emergency maintenance service. The 16,860 square foot building sits on a 9,567 square foot lot that is LAR3 zoned.
***PRICE REDUCED***738 S. Ogden Drive boasts a Walk Score of 91 (Walker’s Paradise) as it is located just steps to iconic Los Angeles Landmarks such as LACMA and Petersen Automotive Museum. The property is located in close proximity to grocery stores, cafes restaurants and retail on both Wilshire Boulevard and Fairfax Avenue as well as The Grove shopping center located just 1 mile away. The property is centrally located offering tenant’s short local commutes to major job centers such as Beverly Hills, Century City, Culver City, West Hollywood, Hollywood, Koreatown and Downtown Los Angeles and is also located near the 10 freeway for longer commutes elsewhere throughout the city. The property is also just steps to the Metro Wilshire/Fairfax Metro D Line Station scheduled to open in 2025 which will offer a viable public transportation option via rail eastbound to Downtown LA. In 2026-2027 the D Line will expand westward to Beverly Hills, Century City and Westwood.
***PRICE REDUCED***738 S. Ogden Drive boasts a Walk Score of 91 (Walker’s Paradise) as it is located just steps to iconic Los Angeles Landmarks such as LACMA and Petersen Automotive Museum. The property is located in close proximity to grocery stores, cafes restaurants and retail on both Wilshire Boulevard and Fairfax Avenue as well as The Grove shopping center located just 1 mile away. The property is centrally located offering tenant’s short local commutes to major job centers such as Beverly Hills, Century City, Culver City, West Hollywood, Hollywood, Koreatown and Downtown Los Angeles and is also located near the 10 freeway for longer commutes elsewhere throughout the city. The property is also just steps to the Metro Wilshire/Fairfax Metro D Line Station scheduled to open in 2025 which will offer a viable public transportation option via rail eastbound to Downtown LA. In 2026-2027 the D Line will expand westward to Beverly Hills, Century City and Westwood.
Property Facts
Price | $9,200,000 | Property Subtype | Apartment |
Price Per Unit | $766,667 | Apartment Style | Mid Rise |
Sale Type | Investment | Building Class | B |
Cap Rate | 4.43% | Building Size | 16,860 SF |
Gross Rent Multiplier | 14.81 | No. Stories | 4 |
No. Units | 12 | Year Built | 2015 |
Property Type | Multifamily |
Price | $9,200,000 |
Price Per Unit | $766,667 |
Sale Type | Investment |
Cap Rate | 4.43% |
Gross Rent Multiplier | 14.81 |
No. Units | 12 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Building Size | 16,860 SF |
No. Stories | 4 |
Year Built | 2015 |
Walk Score ®
Walker's Paradise (90)
PROPERTY TAXES
Parcel Number | 5086-021-058 | Improvements Assessment | $4,209,966 |
Land Assessment | $6,371,843 | Total Assessment | $10,581,809 |
PROPERTY TAXES
Parcel Number
5086-021-058
Land Assessment
$6,371,843
Improvements Assessment
$4,209,966
Total Assessment
$10,581,809
zoning
Zoning Code | LAR3 |
LAR3 |
1 of 15
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
738 S Ogden Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.