1223 N Ogden Dr West Hollywood , CA 90046
Active
$1,599,000
4 Units
4 Beds
4 Baths
3,000 Area(sq.ft.)
7,549 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,250 | n/a | $ 2,500 |
| Unit 2 | 2 | 1 | 1 | No | $ 1,450 | $ 1,450 | $ 2,500 |
| Unit 3 | 3 | 1 | 1 | No | $ 619 | $ 619 | $ 2,500 |
| Unit 4 | 4 | 1 | 1 | No | $ 2,950 | n/a | $ 3,500 |
| 4 | 10 | 10 | 10 | $ 18,808 | $ 4,758 | $ 29,000 |
| MLS #: | 25-478587 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 533 |
| Price per unit: | $ 399,750 |
| Year Built: | 1923 |
Property Details
Cool and eclectic four unit cottage compound located in the heart of West Hollywood. There are four stand alone bungalows each with a dedicated out door space beyond the common area courtyard. Each unit has their own vibe featuring hardwood floors, open beam ceilings and unique floor plans. Two units are currently vacant ( 1223 & 1225 1/2 ) and will be delivered vacant upon close of escrow. Two units which are tenant occupied ( 1223 1/2 & 1225 ) will be delivered with tenants in place upon close of escrow. PLEASE DO NOT DISTURB OCCUPANTS. PROPERTY IS DRIVE BY ONLY. Each unit is separately metered for utilities except water, sewer and trash which are owner paid. House located in rear of property ( 1225 1/2 ) provides an excellent owner's unit with a one bedroom and den floor plan coupled with a stand alone out building as a flex space in the private garden. Exceptional opportunity to acquire a prime property in a premium location and add this to your client's investment portfolio.Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 87,773 |
| Total Annual Expense: | $ 39,889 |
| Net Operating Income: | $ 47,884 |
| Gross Annual Income: | $ 87,773 |
| Cap Rate: | 3% |
| Gross Rent Multiplier: | 18.22 |
Structure
| Type of Units: | Cottage |
| Buildings: | 4 |
| Levels: | One |
| Security Features: | Gated |
| Style: | Bungalow |
| Sewer: | In Street |
| View Description: | None |
| Water: | District, Water District, Public |
Land & Parking
| Zoning: | WDR3C* |
| Land Lease Type: | Fee |
| Parking Garage: | None |
Interior
| Cooking Appliances: | Free Standing Gas, Oven |
| AC/Cooling: | Ceiling Fan, Window Unit(s) |
| Equipment: | Cable, Ceiling Fan, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Hood Fan, Built-Ins, Gas Dryer Hookup, Stackable W/D Hookup, Washer, Dryer |
| Heating: | Electric, Gravity, Wall, Natural Gas |
| Interior Features: | High Ceilings (9 Feet+), Open Floor Plan |
| Kitchen Features: | Formica Counters, Tile Counters |
| Laundry: | In Unit |
| Laundry Equipment: | Own |
| Patio Features: | Patio Open |
Exterior
| Exterior Construction: | Stucco, Wood Siding |
| Pool: | No |
| Spa: | No |
Detailed Map
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