904 North Ogden Drive

West Hollywood, CA 90046

$1,700,000
Price
7
Beds
6
Baths
4,534 Sq. Ft.
$375 / Sq. Ft.
4,534
Sq. Ft.
$375
per Sq. Ft.

Description

This unique property, hitting the market for the first time in over 50 years, presents a rare and exclusive opportunity for ownership. The prospect of acquiring a property that has remained off the market for more than five decades adds a distinctive allure to this investment. Offering a blank canvas for potential buyers, all three units of 904-906 N Ogden Dr will be delivered fully vacant. The property features an appealing unit mix, including one one-bedroom/one-bathroom unit and two three-bedroom/two-and-a-half-bathroom...This unique property, hitting the market for the first time in over 50 years, presents a rare and exclusive opportunity for ownership. The prospect of acquiring a property that has remained off the market for more than five decades adds a distinctive allure to this investment. Offering a blank canvas for potential buyers, all three units of 904-906 N Ogden Dr will be delivered fully vacant. The property features an appealing unit mix, including one one-bedroom/one-bathroom unit and two three-bedroom/two-and-a-half-bathroom units. The front building is a side-by-side three-bedroom/two-and-a-half-bathroom townhouse, while the back unit is a one-bedroom/one-bathroom private home that may have the potential for conversion to a two or three-bedroom unit, subject to buyer verification. Anticipating a return on cost of approximately 6.04% post-renovations, this property in the vibrant West Hollywood area stands out with its above-market return potential. Savvy investors can also explore adding in ADUs easily since they wouldn't be inconveniencing any existing tenants, allowing them to move and build around the property unobstructed. The prime location, excellent walkability, and strong demographics further contribute to the overall appeal and investment potential of this property.
  1. Listed by Saadia 'Sam' Liberow • DRE #01933858 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 904 North Ogden Drive

Zoning
WDR3C*
Parcel Number
5530025010
Total Units
3.0
Living Area
4534
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
5580
Lot Size Area
6553

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858
Add your commute
LISTING UPDATED: 04/17/2024 08:55 AM

Property Details for 904 North Ogden Drive

StatusPending
MLS #24-362253
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.15 AC / 6,553 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858
Add your commute

Building Information for 904 North Ogden Drive

Stories1Residences-Year Built1926Building Size-Lot Size0.15 AC / 6,553 SF

Payment Calculator

$9,591 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$313

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 904 North Ogden Drive

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $180,420
  • Net Operating Income: $140,520.00
  • Gross Income: $180,420
  • Cap Rate: 8.27%
  • Gross Rent Multiplier: $9.14
  • Actual Annual Gross Rent: $186,000.00
  • Vacancy Allow Dollar: $5,580.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 39900
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1505
  • Lot Size Square Feet: 6553
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 6
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $6,000.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $6,000.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $78,912.00
  • Assessed Improvement Percent: 53.35
  • Assessed Land Value: $69,014.00
  • Assessed Land Percent: 46.65
  • Assessed Total Value: $147,926.00

Property History for 904 North Ogden Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 904 North Ogden Drive

Taxable ValueLand$69,014Additions$78,912Total$147,926
Tax Record2023$3,755 ($313 / month)
Home Facts
Total Finished SqFt4,534 SqFtAbove Grade Finished SqFt4,534 SqFtLot Size6,553 SqFtStyleTriplexYear Built1926ZoningWDR3C*CountyLOS ANGELESAPN5530-025-010

Schools near 904 North Ogden Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

Whitman Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.