Active

1236 N Ogden Dr

West Hollywood CA, 90046

$3,750,000


$376.96 per sqft

Active

16 Beds

14 Baths

9,948 sqft

Multi-family

Built in 1964

1236 N Ogden Drive, West Hollywood, CA is an exceptionally well-operated asset with substantial upside. This 10-unit West Hollywood apartment community is centrally located between Fountain Avenue and Santa Monica Blvd., just one block from Whole Foods and other popular attractions. West Hollywood multifamily investments have historically provided investors exceptional long-term capital appreciation and wealth preservation.1236 N Ogden Drive, built in 1964, features an ideal unit composition of two (2) huge 2-Bedroom/2-Bathroom plus Den units, two (2) 2-Bedroom/2- Bathroom units, and six (6) spacious 1-Bedroom/1-Bathroom units. The units are large, averaging nearly 1,000 sf/unit. Current ownership has overseen top-to-bottom renovation of five of the ten units, attracting the most discerning tenants and setting the market for strong rents. Remodeled units boast new stylish flooring, updated bathrooms and kitchens, designer appliances, crown molding, mini-split A/C units, along with washer/dryers in select units. As additional units turn over, further enhancements could be made. Property amenities include 14 tucked-under parking spaces (with individual storage compartments), an on-site laundry room, and balconies on five units. The apartment homes are individually metered for gas and electrical utilities, keeping the owner's expenses low. Recent capital improvements include a) Tuck-Under Parking Seismic Retrofit (2019/2020), b) New Electric Gate to Parking (2023), c) Brand New 400 amp Electrical Panel (2024), d) New 100 Gallon Commercial Water Heater (2024), e) New Copper Plumbing and Cast Iron Drain Lines in Half the Building (2021/2022), and f) New Rain Gutters (2024), g) All New Double-Paned Windows and Sliding Glass Doors (2019). The asset is located close to world-class dining, shopping, entertainment, and nightlife in West Hollywood and further benefits from access to business services and major employment centers throughout the city and its surrounding neighborhoods. There is substantial rental upside based on current market rents vs. existing rents, thus representing a strong long-term investment opportunity in an exceptional West Hollywood location.

25511205

MLS ID

March 13, 2025

Listed

March 14, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

16


Total Bathrooms

14


Appliances

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.18 Acres

Other Property Details

Area Name

West Hollywood Vicinity


Garage

No


Parking

Covered Parking


Parking Total

14


View

No


County

Los Angeles


Zoning

WDR3C*

Listed by Nick Astrupgaard with KW Commercial Studio City
Listing Contact: 818-432-1580 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Niche shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/14/2025

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