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Search Cali Homes Team
1154 N Ogden Drive, West Hollywood, CA 90046
- $1,995,000
- 7
- BD
- 6
- BA
- 3,208
- SqFt
Listing courtesy of Listing Agent: Jacob Greene (jacob@thealtmanbrothers.com) from Listing Office: Douglas Elliman of California, Inc..
- List Price
- $1,995,000
- Status
- ACTIVE
- Days on Market
- 31
- Price Change
- ▼ $154,000 1790984849
- MLS#
- 26876391
- Subtype
- Residential Income
- Year Built
- 1920
- Bedrooms
- 7
- Bathrooms
- 6
- Living Area
- 3,208
- Lot Size
- 7,562
- Acres
- 0.17
- MLS Area Major
- West Hollywood Vicinity (C10)
Property Description
Located in the heart of West Hollywood, this 3-unit property is a standout opportunity for investors seeking income and long-term upside as well as owner users looking to live in a home which could also pay for itself. At the front of the property is a beautifully renovated 3-bedroom, 2-bathroom single family residence updated within the past year. It is complemented by a rear building of two identical 2-bedroom, 2-bathroom units, each with access to covered carport parking at the end of the private driveway. All three units are currently leased, providing reliable and consistent income from day one with a current cap rate of about 5%. With market value rents, this property projects a cap rate of about 6.7%. Ideally positioned near Santa Monica Blvd, this is a rare chance to own an income-producing asset with meaningful room to grow, just minutes from the shops and dining West Hollywood has to offer.
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Additional Information
- Interior Features
- Ceiling Fan(s)
- Zoning
- WDR3C*
- Flooring
- Tile, Wood
- Appliances
- Built-In, Microwave, Oven, Range, Refrigerator, Dryer, Washer
- Stories
- Two Levels
- Levels
- Two
- Pool Type
- None
- Parking Features
- Carport, Driveway
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.