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Multifamily

904-906 N Ogden Dr

904 N Ogden Dr, West Hollywood, CA 90046

Listing Price: $1,700,000

Cap Rate
8.27%
Number of Units
3
GRM
9.14
Occupancy
3.0%
Price/Unit
$566,667
Price/Gross SF
$374.94
Gross SF
4,534

Investment Overview

First Time in the Market in 50+ years
This property represents a rare opportunity to own a property that has not been available for purchase
in over 5 decades!

Delivered Vacant
All three (3) units will be delivered fully vacant.

Excellent Unit Mix
904-906 N Ogden Dr boasts an attractive unit mix of one (1) one-bedroom/one-bathroom unit and
two (2) three-bedroom/two-and-a-half-bathroom units. The front building is a side-by-side three-bedroom/two-and-a-half-bathroom townhouse. The back unit is a one-bed/one-bath private home (this
may be able to be converted to a two or three-bedroom). Buyer to verify.

Excellent Return on Cost Projections
After renovations, the anticipated Return on Cost is estimated to be approximately 5.26% +/-, which is
an above-market return for this area.

Unlock Revenue Potential
The property holds the potential for Additional Dwelling Units (ADUs) or the addition of extra bedrooms
and bathrooms, presenting an opportunity to enhance the net income generated from the investment. Exploring these options could contribute to increased rental or resale value, providing a detailed strategy to maximize the property's financial potential.

Prime Location
Situated in the vibrant West Hollywood area, this neighborhood is renowned for its excellent walkability,
boasting an impressive Walk Score of 97. Just a brief 5-minute stroll from Santa Monica Boulevard, the property finds itself in close proximity to fashionable restaurants, lively nightlife destinations, and stylish retail outlets. Within a radius of 5 minutes on foot, you’ll discover an array of 8 average restaurants, bars, and coffee shops.

Great Demographics
The property is located in a very affluent area as it relates to demographics. The average household
income (HHI) within a 1-mile radius is an extremely healthy $114,810. Within a 3-mile radius, that figure
is even higher, checking in at $133,208.

Investment Highlights

  • First Time in the Market in 50+ years
  • Delivered Vacant
  • Excellent Return on Cost Projections

Exclusively Listed By

  • Sam Liberow

    Senior Managing Director Investments

    (818) 212-2795

    Email Sam

    License(s): CA: 01933858, CA: 02031850

    Encino

Financing By

Multifamily

904-906 N Ogden Dr

Listing Price: $1,700,000

Cap Rate
8.27%
Number of Units
3
GRM
9.14
Occupancy
3.0%
Price/Unit
$566,667
Price/Gross SF
$374.94
Gross SF
4,534

Investment Highlights

  • First Time in the Market in 50+ years
  • Delivered Vacant
  • Excellent Return on Cost Projections

Investment Overview

First Time in the Market in 50+ years This property represents a rare opportunity to own a property that has not been available for purchase in over 5 decades! Delivered Vacant All three (3) units will be delivered fully vacant. Excellent Unit Mix 904-906 N Ogden Dr boasts an attractive unit mix of one (1) one-bedroom/one-bathroom unit and two (2) three-bedroom/two-and-a-half-bathroom units. The front building is a side-by-side three-bedroom/two-and-a-half-bathroom townhouse. The back unit is a one-bed/one-bath private home (this may be able to be converted to a two or three-bedroom). Buyer to verify. Excellent Return on Cost Projections After renovations, the anticipated Return on Cost is estimated to be approximately 5.26% +/-, which is an above-market return for this area. Unlock Revenue Potential The property holds the potential for Additional Dwelling Units (ADUs) or the addition of extra bedrooms and bathrooms, presenting an opportunity to enhance the net income generated from the investment. Exploring these options could contribute to increased rental or resale value, providing a detailed strategy to maximize the property's financial potential. Prime Location Situated in the vibrant West Hollywood area, this neighborhood is renowned for its excellent walkability, boasting an impressive Walk Score of 97. Just a brief 5-minute stroll from Santa Monica Boulevard, the property finds itself in close proximity to fashionable restaurants, lively nightlife destinations, and stylish retail outlets. Within a radius of 5 minutes on foot, you’ll discover an array of 8 average restaurants, bars, and coffee shops. Great Demographics The property is located in a very affluent area as it relates to demographics. The average household income (HHI) within a 1-mile radius is an extremely healthy $114,810. Within a 3-mile radius, that figure is even higher, checking in at $133,208.

Exclusively Listed By

  • Sam Liberow

    Senior Managing Director Investments

    (818) 212-2795

    Email Sam

    License(s): CA: 01933858, CA: 02031850

    Encino

Financing By

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