738 S Ogden Dr - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$8,250,000 USD
310-909-5444
738 S Ogden Dr, Los Angeles, CA for Sale
$8,250,000 USD
Apartments - FOR SALE
1/18
null | 5.25% Cap Rate

738 S Ogden Dr
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • The Neema Group of Marcus & Millichap is pleased to present 738 S. Ogden Drive, a luxury 12-unit multifamily offering located in Miracle Mile
  • Built in 2015, the property represents a rare turnkey, newer construction asset in an A+ Los Angeles location
  • The property features twelve large two-bedroom, two-bathroom condo-style units, ranging from 1,185 to 1,340 SF
  • Building amenities include controlled access, assigned garage parking, EV charging, and an elevated rooftop lounge with panoramic city views
  • Located in a Walk Score 91 (Walker’s Paradise) location, the property sits steps from Los Angeles’ most iconic cultural destinations

OVERVIEW

The Neema Group of Marcus & Millichap is pleased to present 738 S. Ogden Drive, a luxury 12-unit multifamily offering located in the highly coveted Miracle Mile neighborhood just south of Wilshire Blvd and east of Fairfax Ave. Built in 2015, the property represents a rare turnkey, newer construction asset in an A+ Los Angeles location surrounded by premier retail amenities. The property features twelve large two-bedroom, two-bathroom condo-style units, ranging from 1,185 to 1,340 SF, significantly larger than typical area floorplans. Residences offer floor-to-ceiling windows, 10-foot ceilings, designer kitchens with quartz countertops, stainless-steel appliance packages, tiled backsplashes, in-unit washer/dryers, walk-in closets, and expansive private balconies with two-way gas fireplaces. Building amenities include controlled access, assigned garage parking, EV charging, and an elevated rooftop lounge with panoramic city views, providing a best-in-class living environment that attracts high-quality tenants. The current financing can be assumed – a $4.9 MM principal at a 4.12% interest rate, interest only until 5/1/2027; contact agents for additional details. Located in a Walk Score 91 (Walker’s Paradise) location, the property sits steps from Los Angeles’ most iconic cultural destinations—including LACMA, The Petersen Automotive Museum, The Academy Museum, and the La Brea Tar Pits—and is minutes from The Grove, The Original Farmers Market, and the dining and retail corridors along Wilshire and Fairfax. The property’s central location provides exceptional connectivity to major employment hubs such as Beverly Hills, Century City, Culver City, West Hollywood, and Downtown LA. The upcoming Wilshire/Fairfax Metro D Line Station—scheduled to open soon—will further enhance resident mobility. With oversized luxury units, modern amenities, strong in-place cash flow, and outstanding Miracle Mile location, 738 S. Ogden Drive represents a rare opportunity to acquire a high-quality newer construction asset with long-term appreciation potential.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$489 USD /SF

# OF UNITS

12

PRICE/UNIT

$687,500

CAP RATE

5.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2015

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,567 SF

ZONING

R3

APN/PARCEL ID

5086-021-058

ASK ABOUT THIS PROPERTY

Neema AhadianMarcus & MillichapMore Info
310-909-5444

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Neema AhadianMarcus & MillichapMore Info
310-909-5444

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