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Key Details
Sold Price $1,560,000
Property Type Other Types
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 4,534 sqft
Price per Sqft $344
MLS Listing ID CL24362253
Sold Date 05/07/24
Bedrooms 7
HOA Y/N No
Year Built 1926
Lot Size 6,553 Sqft
Acres 0.15
Property Description
This unique property, hitting the market for the first time in over 50 years, presents a rare and exclusive opportunity for ownership. The prospect of acquiring a property that has remained off the market for more than five decades adds a distinctive allure to this investment. Offering a blank canvas for potential buyers, all three units of 904-906 N Ogden Dr will be delivered fully vacant. The property features an appealing unit mix, including one one-bedroom/one-bathroom unit and two three-bedroom/two-and-a-half-bathroom units. The front building is a side-by-side three-bedroom/two-and-a-half-bathroom townhouse, while the back unit is a one-bedroom/one-bathroom private home that may have the potential for conversion to a two or three-bedroom unit, subject to buyer verification. Anticipating a return on cost of approximately 6.04% post-renovations, this property in the vibrant West Hollywood area stands out with its above-market return potential. Savvy investors can also explore adding in ADUs easily since they wouldn't be inconveniencing any existing tenants, allowing them to move and build around the property unobstructed. The prime location, excellent walkability, and strong demographics further contribute to the overall appeal and investment potential of this property.
Location
State CA
County Los Angeles
Area Listing
Zoning WDR3
Interior
Heating None
Cooling No Air Conditioning
Fireplace No
Exterior
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 5530025010
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with DanielBahr