Residential Income In Los Angeles

358 N Ogden Dr, a charming four-unit apartment building located in the highly desirable Fairfax District of Los Angeles. Built in 1927, the property features (2) two-bedroom + one-bathroom units and (2) three-bedroom + one-bathroom units, totaling 5,486 square feet on a 6,375-square-foot lot. Situated in the heart of the vibrant Fairfax District, 358 N Ogden Dr offers residents the perfect blend of historic character and central city convenience. The neighborhood is celebrated for its tree-lined streets, classic architecture, and culturally rich, energetic atmosphere, all just minutes from some of LosAngeles’ most iconic destinations. Residents benefit from easy access to Beverly Hills, Miracle Mile, and Mid-City, along with the shops, restaurants, and cultural institutions that define the Fairfax District. With its walkable location, strong connectivity, and timeless architectural appeal, the property stands out as a highly desirable rental opportunity in one of Los Angeles’ most dynamic neighborhoods. 358 N Ogden Dr also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of 4.49%, with the potential to reach a 6.65% CAP rate upon unit turnover.