944 Ogden Dr West Hollywood, CA 90046
This exceptional 6,500 square foot lot, located at 944 N Ogden Drive in West Hollywood, California (zip code 90046, APN 5530-025-002), is offered at $3,084,000 ($474.46/SF). Zoned WDR3C, this property presents a unique opportunity for residential development. The site is ideally suited for a luxury townhome project, with plans available for ten units (five 3-bedroom/3.5-bathroom and five 3-bedroom/2.5-bathroom units) totaling 13,215 square feet of rentable space. Subterranean parking is included in the plans. A comparable development directly north has already been successfully completed, demonstrating the high demand for this type of project in this location. The seller is offering flexible financing options to facilitate a smooth development process, catering to both experienced developers and emerging investors. This prime West Hollywood location boasts a Walk Score of 96, providing unparalleled access to the area's vibrant shops, restaurants, and entertainment. The property's proximity to iconic landmarks and nightlife further enhances its appeal. This is a truly remarkable opportunity to build in a highly desirable and sought-after area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.