Multifamily
738 S Ogden Dr
738 S Ogden Dr, Los Angeles, CA 90036
Listing Price: $9,300,000
Investment Overview
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.
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.
Investment Highlights
- Rare Newer Construction in Desirable Location: 12-unit, 2015 construction, apartment building located in the prestigious Miracle Mile neighborhood of Los Angeles
- Favorable Assumable Loan: Assumable loan at 4.12% interest-only until May 2027
- Excellent Unit Mix: 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
- Unit Features: 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
- Property Amenities: 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
- Walk Score 91 (Walker's Paradise): 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
- Steps to New Wilshire/Fairfax Metro D Line Station: Located 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
Listing Price: $9,300,000
Investment Highlights
- Rare Newer Construction in Desirable Location: 12-unit, 2015 construction, apartment building located in the prestigious Miracle Mile neighborhood of Los Angeles
- Favorable Assumable Loan: Assumable loan at 4.12% interest-only until May 2027
- Excellent Unit Mix: 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
- Unit Features: 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
- Property Amenities: 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
- Walk Score 91 (Walker's Paradise): 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
- Steps to New Wilshire/Fairfax Metro D Line Station: Located 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
Investment Overview
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. 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.