1342 S Ogden Dr - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City | 
$2,988,000 USD
323-944-2221
1342 S Ogden Dr, Los Angeles, CA for Sale
$2,988,000 USD
Apartments - FOR SALE
1/28
null | 4.59% Cap Rate

1342 S Ogden Dr
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • 5 vacancies
  • Extensive renovation program completed across residential units.
  • Newly constructed ADUs provide additional residential inventory.
  • Updated electrical, plumbing, HVAC, and interior finishes reported throughout renovated units.
  • In-unit laundry and modern appliance packages enhance resident appeal.
  • Convenient access to Miracle Mile, Culver City, Beverly Hills, and Downtown Los Angeles.

OVERVIEW

Presenting a rare chance to acquire a turn key, income producing asset in one of Los Angeles' most coveted and rapidly appreciating neighborhoods. This contemporary style property offers six total units. A four unit building in front plus two newly constructed ADUs in the rear. 5 of the 6 units can be delivered vacant upon close of escrow! The 2 bedroom units were rebuilt with all new finishes, giving a new owner the ability to command top of market rents from day one with zero deferred maintenance. Each remodeled unit features in unit washer/dryer, brand new AC units, kitchen appliances and other amenities that command high rental rates. Additionally, all electrical, plumbing and HVAC systems are brand new. The two rear ADUs are newly constructed, both with in unit washer/dryer, brand new AC units, kitchen appliances and other amenities. Because of the ADU configuration, this property qualifies for residential financing, allowing a buyer to leverage a substantially lower down payment compared to traditional commercial multifamily loans. This is a meaningful advantage that dramatically improves cash on cash returns and lowers the barrier to entry for investors.

FOR SALE DETAILS

PRICE

$2,988,000 USD

PRICE/SF

$576 USD /SF

# OF UNITS

6

PRICE/UNIT

$498,000

CAP RATE

4.59%

% LEASED

17%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,323 SF

ZONING

RD1.5

APN/PARCEL ID

5086-016-021

ASK ABOUT THIS PROPERTY

Shaya LowensteinLyon Stahl Investment Real EstateMore Info
323-944-2221

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Shaya LowensteinLyon Stahl Investment Real EstateMore Info
323-944-2221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.