1154 N Ogden Drive, West Hollywood, CA 90046
List Price: $2.15M
Listing Status: Active
0Days on Market: 0
7 Bedrooms · 6 Bathrooms · 3,208 sq ft
Property Type: ResidentialIncome
Year Built: 1920
Lot Size: 7,562 sq ft
Private Pool: Yes
MLS Number: 26876391
About This Property
Located in the heart of West Hollywood, this 3-unit property is a standout opportunity for investors seeking income and long-term upside. The front house, a beautifully renovated 3 bedroom, 2 bathroom home updated within the past year, is complemented by a rear building of two identical stacked 2 bedroom, 2 bathroom units, each with access to covered carport parking. Every unit is currently leased, providing reliable and consistent income from day one with a current cap rate of about 5.03%. With market value rents, this property projects a cap rate of about 6.14%. Adding to the appeal, the property comes with plans for a 4-unit townhome development, giving the next owner a clear path toward future value creation. 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.
Listing provided by: Jacob Greene DRE #01933997 310-819-3250 jacob@thealtmanbrothers.com, Douglas Elliman of California, Inc.
Source: CRMLS, MLS #: 26876391
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.