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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.
Property Type(s):
Residential Income
| Last Updated | 3/13/2025 | Year Built | 1964 |
|---|---|---|---|
| Community | West Hollywood Vicinity | County | Los Angeles |
Additional Details
| AREA | West Hollywood Vicinity |
|---|---|
| GARAGE | Covered |
| LOT | 7721 sq ft |
| PARKING | Covered |
| STORIES | 2 |
| ZONING | WDR3C* |
Location
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Listed with KW Commercial Studio City
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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