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Property profile

944 Ogden Dr West Hollywood, CA 90046

OFF-MARKET
Land
Property ID
US09-8098448
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
UPID US09-8098448

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

944 Ogden Dr West Hollywood, CA 90046
West Hollywood metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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