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738 S Ogden Dr 12 Unit Apartment Building $12,068,480 CAD ($1,005,707 CAD/Unit) 4.52% Cap Rate Los Angeles, CA 90036



INVESTMENT HIGHLIGHTS
- Premier Miracle Mile Location
- Location, Location, Location
- All units have High-End Interior Finishes and Design
- 100% leased / Aggressively priced
- 1/2 block from the upcoming Wilshire/Fairfax Metro Station
- Rare Newer Construction Offering Delivered in 2015
EXECUTIVE SUMMARY
Positioned in the heart of Miracle Mile, one of Los Angeles’ most vibrant and culturally rich neighborhoods, the property is just steps from LACMA, the Petersen Automotive Museum, and a wide variety of restaurants, shops, and cafés along Wilshire Boulevard and Fairfax Avenue. Residents also enjoy close proximity to The Grove and quick access to major employment centers including Downtown LA, Century City, Beverly Hills, West Hollywood, and Koreatown.
Property is 100% leased. All twelve units are spacious two-bedroom, two-bathroom residences averaging 1,239 SF, thoughtfully designed with floor-to-ceiling windows, 10-
foot ceilings, central HVAC, in-unit laundry, and private balconies. Select units include walk-in closets, skylights, and dual-sided gas fireplaces. Kitchens are finished with quartz countertops, tile backsplashes, double sinks, and stainless-steel appliances, while bathrooms feature subway tile and glassed-enclosed tubs and showers.
Property is 100% leased. All twelve units are spacious two-bedroom, two-bathroom residences averaging 1,239 SF, thoughtfully designed with floor-to-ceiling windows, 10-
foot ceilings, central HVAC, in-unit laundry, and private balconies. Select units include walk-in closets, skylights, and dual-sided gas fireplaces. Kitchens are finished with quartz countertops, tile backsplashes, double sinks, and stainless-steel appliances, while bathrooms feature subway tile and glassed-enclosed tubs and showers.
PROPERTY FACTS
| Price | $12,068,480 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,005,707 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 4.52% | Building Size | 16,860 SF |
| Gross Rent Multiplier | 13.4 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2015 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Zoning | R3 - Restricted Density Multiple Dwelling | ||
| Price | $12,068,480 CAD |
| Price Per Unit | $1,005,707 CAD |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| Gross Rent Multiplier | 13.4 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 16,860 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2015 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | R3 - Restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Den
- Family Room
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Security System
- Disposal Chutes
- Wheelchair Accessible
- Recycling
- Storage Space
- Bicycle Storage
- Car Charging Station
- Elevator
- Sundeck
- Public Transportation
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 12 | $6,278 CAD | 1,185 - 1,215 |
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 5086-021-058 | Improvements Assessment | $6,023,855 CAD |
| Land Assessment | $9,117,188 CAD | Total Assessment | $15,141,043 CAD |
PROPERTY TAXES
Parcel Number
5086-021-058
Land Assessment
$9,117,188 CAD
Improvements Assessment
$6,023,855 CAD
Total Assessment
$15,141,043 CAD
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738 S Ogden Dr
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