358 Ogden Dr Los Angeles, CA 90036-2163

This exceptional 4-unit apartment building, located at 358 N Ogden Dr, Los Angeles, CA 90036, presents a compelling value-add investment opportunity. Built in 1927, this meticulously maintained property boasts 5,486 square feet of net rentable space situated on a 6,675 square foot lot (APN 5527-039-027). The property features a two-story building with 100% occupancy, generating a current NOI of $91,131 and a pro-forma NOI of $102,251, resulting in a current cap rate of 3.96% and a pro-forma cap rate of 4.45%. Each of the four units offers spacious layouts, hardwood floors, in-suite laundry, and parking. The asking price is $2,300,000, or $575,000 per unit, with a price per square foot of $419.25. The property is zoned LARD1.5 and enjoys a highly desirable location just north of Beverly Boulevard, providing convenient access to shopping, dining, entertainment, and public transportation. This classic and charming building offers a rare chance to acquire a well-maintained multifamily property in a prime Los Angeles neighborhood. The property's strong performance and potential for increased profitability make it an attractive investment for discerning buyers.