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Multifamily

1058 S Ogden Dr

1058 S Ogden Dr, Los Angeles, CA 90019

Listing Price: $2,595,000

Cap Rate
3.25%
Number of Units
5
Price/Unit
$519,000
Price/Gross SF
$496.65
Gross SF
5,225

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1058 South Ogden Drive, a five-unit turnkey apartment community in Carthay Square. 1058 South Ogden Drive is situated just south of Olympic within the Mid-City submarket in a highly desirable pocket of Los Angeles. The well-maintained property built in 1937 consists of four large one-bedroom units and one townhome styled two-bedroom unit. Its 7,724 square foot lot is located within an extremely sought-after area of Mid-City Los Angeles. Current ownership has extensively renovated the property including adding a new roof, new furnaces, stainless steel appliances, original hardwood floors, new cabinetry, tiled bathrooms & much more. It is surrounded by retail and located within minutes of the Grove providing convenient access to daily errands, retail and entertainment venues. The property features six on-site parking spots (five covered & one uncovered).The prime location of the asset along with the outstanding property condition & strong in place income makes 1058 South Ogden Drive an excellent acquisition opportunity.

Investment Highlights

  • Property has Been Extensively Renovated with a Brand New Roof, Original Hardwood Floors, Stainless Steel Appliances, Brand New AC Ready Carrier Furnaces, Landscaping & Stuccoing
  • Current Ownership Has Completed a Rigorous Power Upgrade to the Property Involving Subterranean Piping Across Multiple Parcels
  • Located in an Excellent Central Location Minutes from Various Retail & the Grove Allowing Access to Premium Shopping & Entertainment
  • R3 Zoning With an Opportunity to Add an Additional Unit Through the State's Favorable Accessory Dwelling Unit (ADU) Program - Allowing for Added Future Growth and Appreciation Potential
  • With a Walk Score of 84 "Very Walkable"- Most Errands Can Be Accomplished on Foot

Exclusively Listed By

Multifamily

1058 S Ogden Dr

Listing Price: $2,595,000

Cap Rate
3.25%
Number of Units
5
Price/Unit
$519,000
Price/Gross SF
$496.65
Gross SF
5,225

Investment Highlights

  • Property has Been Extensively Renovated with a Brand New Roof, Original Hardwood Floors, Stainless Steel Appliances, Brand New AC Ready Carrier Furnaces, Landscaping & Stuccoing
  • Current Ownership Has Completed a Rigorous Power Upgrade to the Property Involving Subterranean Piping Across Multiple Parcels
  • Located in an Excellent Central Location Minutes from Various Retail & the Grove Allowing Access to Premium Shopping & Entertainment
  • R3 Zoning With an Opportunity to Add an Additional Unit Through the State's Favorable Accessory Dwelling Unit (ADU) Program - Allowing for Added Future Growth and Appreciation Potential
  • With a Walk Score of 84 "Very Walkable"- Most Errands Can Be Accomplished on Foot

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1058 South Ogden Drive, a five-unit turnkey apartment community in Carthay Square. 1058 South Ogden Drive is situated just south of Olympic within the Mid-City submarket in a highly desirable pocket of Los Angeles. The well-maintained property built in 1937 consists of four large one-bedroom units and one townhome styled two-bedroom unit. Its 7,724 square foot lot is located within an extremely sought-after area of Mid-City Los Angeles. Current ownership has extensively renovated the property including adding a new roof, new furnaces, stainless steel appliances, original hardwood floors, new cabinetry, tiled bathrooms & much more. It is surrounded by retail and located within minutes of the Grove providing convenient access to daily errands, retail and entertainment venues. The property features six on-site parking spots (five covered & one uncovered).The prime location of the asset along with the outstanding property condition & strong in place income makes 1058 South Ogden Drive an excellent acquisition opportunity.

Exclusively Listed By

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