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Key Details
Sold Price $1,560,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,534 sqft
Price per Sqft $344
MLS Listing ID 24362253
Sold Date 05/07/24
Bedrooms 7
HOA Y/N No
Year Built 1926
Lot Size 6,551 Sqft
Property Description
This unique property, hitting the market for the first time in over 50 years, presents a rare and exclusive opportunity for ownership. The prospect of acquiring a property that has remained off the market for more than five decades adds a distinctive allure to this investment. Offering a blank canvas for potential buyers, all three units of 904-906 N Ogden Dr will be delivered fully vacant. The property features an appealing unit mix, including one one-bedroom/one-bathroom unit and two three-bedroom/two-and-a-half-bathroom units. The front building is a side-by-side three-bedroom/two-and-a-half-bathroom townhouse, while the back unit is a one-bedroom/one-bathroom private home that may have the potential for conversion to a two or three-bedroom unit, subject to buyer verification. Anticipating a return on cost of approximately 6.04% post-renovations, this property in the vibrant West Hollywood area stands out with its above-market return potential. Savvy investors can also explore adding in ADUs easily since they wouldn't be inconveniencing any existing tenants, allowing them to move and build around the property unobstructed. The prime location, excellent walkability, and strong demographics further contribute to the overall appeal and investment potential of this property.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3C*
Interior
Heating None
Cooling None
Fireplace No
Exterior
Garage None
Parking Type None
Total Parking Spaces 6
Building
Story 1
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5530025010
Special Listing Condition Standard
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Bought with Daniel Bahr • CORE Commercial Real Estate, Inc.