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1046 N Ogden Drcontect:6576665000 wechat:chuanqit 🏢 West Hollywood 10-Unit Investment | Prime Melrose/Fairfax • 6.1% Cap Rate • Assumable 3.94% Loan • 10-Car Garage • Value-Add Opportunity • Ideal for Investors & Portfolio Growth 10 Units • 1958 Building • A+ Location • High In-Place NOI • Soft-Story Retrofit Potential • Aggressive Pricing Welcome to a prime value-add investment opportunity in the heart of West Hollywood’s most dynamic and desirable corridor! This 10-unit apartment building built in 1958 features a strong unit mix (6x1BR/1BA + 4x2BR/2BA), 10-car garage, and assumable low-rate financing — offering immediate cash flow, upside potential, and a superb location near Melrose shopping, dining, and entertainment — perfect for investors, syndicators, or 1031 exchangers seeking a well-located asset with value-add potential in one of Los Angeles’ most resilient and high-demand rental markets. 📊 Financial Highlights 10 units — 6 one-bedroom/one-bathroom units + 4 two-bedroom/two-bathroom units — ideal mix for singles, couples, or roommates Gross Rent Multiplier (GRM): 10.5 — competitively priced — strong entry point Cap Rate: 6.1% — based on in-place income — attractive yield for the area Assumable loan balance: ~$1,650,000 at 3.94% — significant interest savings — enhances cash flow 10-car garage — rare and valuable — premium parking in West Hollywood Aggressive pricing — motivated trustee — expecting offers above ask 🏗️ Value-Add Potential Soft-story retrofit not completed — required for seismic safety — budget for retrofit to enhance value and compliance Unit upgrades and modernizations — increase rents to market rates — significant NOI growth Common area and facade improvements — enhance curb appeal and tenant satisfaction Additional revenue streams — laundry, storage, or pet fees — boost income 📍 A+ West Hollywood Location North of Melrose, east of Fairfax — epicenter of trendsetting culture, dining, and retail — unparalleled demand Walk to iconic shops, cafes, and galleries — vibrant, 24/7 neighborhood — attracts high-quality tenants Easy access to West Hollywood, Beverly Hills, and DTLA — major employment and entertainment hubs — strong renter appeal High walk and transit scores — car-optional lifestyle — desirable for younger professionals 💼 Investment Strategy Immediate cash flow — in-place rents with assumable low-rate debt — stable from day one Forced appreciation — through renovations, rent increases, and operational efficiencies — maximize returns 1031 exchange opportunity — defer taxes and upgrade into a prime West Hollywood asset — ideal for rollover Portfolio diversification — add a well-located, multi-unit property to your holdings — reduce risk ⚠️ Critical Due Diligence Soft-story retrofit assessment — obtain quotes and timeline — essential for compliance and safety Review tenant leases and payment history — understand occupancy and collection risk — verify NOI Inspect plumbing, electrical, and roof — common in 1958 buildings — budget for repairs or upgrades Verify zoning and code compliance — avoid surprises — ensure smooth operation Market rent analysis — compare to nearby renovated units — project upside potential 🎯 Perfect For Experienced investors seeking a value-add play in a top-tier West Hollywood location 1031 exchangers looking to deploy capital into a high-demand market with upside Portfolio builders wanting a cash-flowing asset with long-term appreciation Syndicators targeting a well-located, manageable-sized multifamily opportunity 🚨 Important Notes Trustee sale — motivated seller — expecting competitive offers Do not disturb tenants — showings by appointment only — respect current residents Assumable financing — major advantage in today’s rate environment — act quickly Soft-story retrofit required — factor into offer price and business plan — essential for compliance 🌟 A Rare Offering — This West Hollywood Gem Won’t Last! 10-unit buildings with assumable debt, garage parking, and Melrose/Fairfax locations are highly sought after. Schedule a tour today and review the financials! Contact us for rent rolls, expense reports, and assumable loan details! 🔹 Competitive bidding expected 🔹 Ideal for portfolio or commercial loans Unlock the value — where prime location, cash flow, and upside meet. 💵📈 Note: Buyer to verify all financials, leases, and property conditions. Perfect for motivated investors ready to capitalize on a high-potential asset in one of Los Angeles’ most iconic and well-connected neighborhoods!
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