For Sale Multi-Family MLS# 26989237

1342 S Ogden Drive

Los Angeles, CA 90019

$2,798,888

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About 1342 S Ogden Drive

Presenting a rare chance to acquire a turn-key, income producing asset in one of Los Angeles' most coveted and rapidly appreciating neighborhoods. This contemporary style property offers six total units. A four front unit building plus two newly constructed ADUs in the rear. 5 of the 6 units can be delivered vacant upon close of escrow! All units were rebuilt with all new finishes, giving a new owner the ability to command top of market rents from day one with zero deferred maintenance. Each unit features in unit washer/dryer, brand new AC units, kitchen appliances and other amenities that command high rental rates. Additionally, all electrical, plumbing and HVAC systems are brand new. The two rear ADUs are newly constructed, both with in-unit washer/dryer, brand new AC units, kitchen appliances and other amenities. Because of the ADU configuration, this 6 unit property qualifies for residential financing, allowing a buyer to leverage a substantially lower down payment compared to traditional commercial multifamily loans.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1938
Stories
2
Living area
5,187 sqft
Price / sqft
$540
Lot
0.1682
Original price
$2,988,000
MLS #
26989237

Interior

Appliances
Refrigerator, Dryer, Washer
Heating
Wall Furnace

Exterior & lot

Features
Parking spaces: 6
Construction
2
Lot
LARD1.5
Parking
Driveway

Schools

District
Los Angeles Unified School District

Financial

Parcel
5086016021
Special conditions
Standard

Location

Area
C19 - Beverly Center-Miracle Mile
County
Los Angeles
Neighborhood
Mid-Wilshire
Directions
North of Pico, East of Fairfax

Ask about this property

Questions on 1342 S Ogden Drive, Los Angeles, CA 90019, or want to see it in person?

Listed by Shaya Lowenstein, Lyon Stahl Investment Real Estate, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.