Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

3,208 sqft

Lot size

7,562 sqft

Year built

1920

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

30

MLS #

246866168

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 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.

Location

1154 N Ogden Drive

West Hollywood, Los Angeles, CA, 90046