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

6

Building size

5,187 sqft

Lot size

7,325 sqft

Year built

1938

Stories

2

Heating

Wall Furnace

Status

Active

Days on market

14

MLS #

247220133

About this property

Presenting a rare chance to acquire a turn-key, income producing asset in one of Los Angeles' most coveted and rapidly appreciating neighborhoods. This contemporary style property offers six total units. A four front unit building plus two newly constructed ADUs in the rear. 5 of the 6 units can be delivered vacant upon close of escrow! All units were rebuilt with all new finishes, giving a new owner the ability to command top of market rents from day one with zero deferred maintenance. Each unit features in unit washer/dryer, brand new AC units, kitchen appliances and other amenities that command high rental rates. Additionally, all electrical, plumbing and HVAC systems are brand new. The two rear ADUs are newly constructed, both with in-unit washer/dryer, brand new AC units, kitchen appliances and other amenities. Because of the ADU configuration, this 6 unit property qualifies for residential financing, allowing a buyer to leverage a substantially lower down payment compared to traditional commercial multifamily loans.

Location

1342 S Ogden Drive

Los Angeles, Los Angeles, CA, 90019