1046 Ogden Dr West Hollywood, CA 90046

This exceptional West Hollywood retail property at 1046 N. Ogden Dr. presents a compelling investment opportunity. The 8,636 square foot building, constructed in 1958 and situated on a 6,821 square foot lot, boasts a desirable two-story design with ten units (six one-bedroom and four two-bedroom). Currently generating a Net Operating Income (NOI) of $153,822, with a pro-forma NOI of $226,823, this property offers a 4.81% cap rate and is priced at $3,200,000 ($370.54 per square foot). The property features gated parking for ten vehicles and on-site laundry facilities, enhancing tenant appeal. An existing loan with a 3.94% fixed interest rate is assumable until February 2027. Located in the highly sought-after 90046 zip code, this property benefits from its walkable location, close proximity to Melrose Avenue, Santa Monica Boulevard, and Sunset Boulevard, and its convenient access to Downtown LA, Beverly Hills, and Century City. The property is zoned WDR3C. Potential buyers should independently verify if a seismic retrofit is required. This is a fee simple ownership opportunity with significant upside potential in rental income (approximately 31%). The property has not been sold in over 38 years.