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
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Data last updated 3/14/2025