Quadplex Courtyard Cottages with
For Sale
$1,818,000
1223 N Ogden Dr, West Hollywood, CA 90046
Four standalone courtyard cottages, delivered vacant and zoned WDR3C*, built in 1923.
Days on Market33
Property Features for 1223 N Ogden Dr
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Zoning
WDR3C*
Amenities
cabana
patio
Building Details
Building Size
3,000 SF
Year Built
1923
Buildings
4
Listing Agency:
Keller Williams Realty
(310) 623-1300
Listed By:
Scottman Wall · License #01204391
Source:
Rochellemaize
Added: Jul 1
Changed: Jul 30
Last Checked: Aug 2 at 12:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This quadplex comprises four stand-alone courtyard cottages built in 1923 and delivered vacant. The property is arranged as “courtyard cottages,” with a larger back house that includes a small cabana, patio, and yard.
The property is zoned WDR3C*, supporting residential use and potential redevelopment. Development plans for 6 luxury townhome condos are available, but the plans do not have final approval.
For buyers considering either an owner-occupant setup or a redevelopment pathway, the combination of delivered vacancy, the courtyard-cottage layout, and the available conceptual townhome plans provide a clear starting point for due diligence and next steps.
The property is zoned WDR3C*, supporting residential use and potential redevelopment. Development plans for 6 luxury townhome condos are available, but the plans do not have final approval.
For buyers considering either an owner-occupant setup or a redevelopment pathway, the combination of delivered vacancy, the courtyard-cottage layout, and the available conceptual townhome plans provide a clear starting point for due diligence and next steps.
Key Highlights
- Four stand‑alone homes in a 1920s courtyard cottage configuration
- Delivered vacant quadplex
- Back house includes a small cabana, patio, and yard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.0k | $27.00 |
| − Vacancy | −$6.2k | −$2.05 |
| EGI | $74.8k | $24.95 |
| − OpEx | −$22.5k | −$7.48 |
| NOI | $52.4k | $17.46 |
3,000 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$748.4K
$654.9K – $873.2K
NOI $52,391 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$689.6K
$603.4K – $804.5K
NOI $48,272 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,433 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,789
Businesses Nearby
Explore this area
Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four standalone courtyard cottages, delivered vacant and zoned WDR3C*, built in 1923.
Where is this quadplex located?
The property is located at 1223 N Ogden Dr West Hollywood, CA.
What is the asking price?
The asking price for this property is $1,818,000.
What are key features of this property?
This property features: Four stand‑alone homes in a 1920s courtyard cottage configuration; Delivered vacant quadplex; Back house includes a small cabana, patio, and yard
