4-Bedroom Residential Income - 1848 S Ogden Drive, Los Angeles, CA

Description

Prime Mid-City redevelopment, value-add, and commercial retail opportunity on an approximately 10,628 square foot lot zoned C2-1VL-CPIO and located within a Transit Oriented Communities Tier 3 area near the La Cienega/Jefferson Metro E Line station with convenient access to Culver City and Downtown Los Angeles. This site offers flexible paths for investors seeking a flip, densification upside, or mixed-use project. Current improvements consist of a four-unit building generating income with two units delivered vacant. The current rent roll includes a studio rented at 940 dollars per month, a one-bedroom rented at 1,025 dollars per month, one vacant one-bedroom, and one vacant two-bedroom. The vacant units provide immediate upside through renovations and lease-up while the property continues to produce cash flow. The C2 zoning supports commercial retail or mixed-use development, while the TOC Tier 3 designation offers significant potential for increased residential density, higher floor area ratio, additional height, and reduced parking requirements for qualifying projects. Strong location and zoning create multiple exit strategies for value-add or longer-term redevelopment plays. Drive-by only. Do not go on the property. Do not disturb tenants under any circumstances. Tenants are completely unaware of the sale. No interior or exterior access is permitted without prior written approval from the listing agent. Any unauthorized contact with occupants or entry onto the property will be reported. Buyer and buyer agent to independently verify all zoning, TOC eligibility, development potential, rents, unit mix, lot size, and applicable regulations. Full package available upon request.

Property details

Location

1848 S Ogden Drive • Los Angeles, CA 90019

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Listed by

Dennis Maynard · LPT Realty, Inc