Nest Seekers

1154 N Ogden DR 7BR Hollywood Hills East La

1154 N Ogden DR
WEST HOLLYWOOD, CA 90046

Listing

Web ID:5716902
Website:https://www.nestseekers.com/5716902

Property

Ownership: For Sale
Bedrooms: 7 BR
Bathrooms: 6
Area: 7562 sq ft
Lot Size: 0.2 Acres

Financials

Price:$1,995,000

Description

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 DR WEST HOLLYWOOD CA 90046 USA

Contact

Beverly Hills, CA
271 North Canon Drive Beverly Hills, CA 90210
Phone: +1 310-278-8861
Fax: +1 310-362-0351
info@nestseekers.com
Listing Courtesy of Douglas Elliman of California, Inc.
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