1557 S Ogden Dr,
Mid-Wilshire
Luxury Brand New Construction 5-Unit in A+ Location Near Pico-Robertson
1557 S Ogden Drive is a brand-new, non-rent-controlled five-unit luxury property with a projected 6.05% cap rate and ultra-low operating costs. Located minutes from Beverly Hills and Culver City, this fully electric, turnkey asset features spacious, designer-finished units, private laundry, rooftop decks, and separately metered utilities. A rare, high-performing investment in one of LA’s most desirable rental markets.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$4,895,000
Fourplex + ADU
Sold
5
2025
6.05%
12.78
$383,160
8,832 sqft
6,892 sqft
$554.23
$979,000
2 x 4b/4b, 2 x 3b/3b, 1 x 2b/1b
No
6 Standard Parking Spaces + 2 Compact Parking Spaces
No
Other Features:
No Rent Control, Private Washers/Dryers for Each Unit, Large Rooftops
The Highlights
NO RENT CONTROL!
Outstanding projected cap rate of 6.05%! Cash cow.
One unit leased at $7,495 in just 10 days—rental demand is strong!
MASSIVE units with premium floorplans.
Boasts high-end, modern finishes.
Diverse unit mix of two 4 bedrooms, two 3 bedrooms and one 1 bedroom. High income producing property!
Stunning 360-degree rooftop decks with awe-inspiring views.
All units separately metered for electric AND water (no gas on property)! Very low expenses!
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
Located in a highly central neighborhood bordered by some of LA’s most iconic areas including Fairfax, Beverly Grove, Pico-Robertson, Beverly Hills, West Adams, and Culver City.
Beautiful residential, tree-lined street!
Dream 1031 exchange opportunity. Low maintenance and high return.
Architecturally impressive exterior with a multi-dimensional design that enhances curb appeal and tenant desirability.
The Neighborhood
<15-Minute Walk
Holy Grill, Pizzeria Sei, Lenny’s Casita, Crescent Heights Boulevard Elementary, Pico Boulevard corridor, Paper or Plastik Café, Peet’s Coffee & Tea, Cardinale du Vin, Met Him At A Bar
<15-Minute Drive
Century City Mall, The Grove, The Ivy, The Honor Bar, E.P. & L.P., Dante Beverly Hills, Roxy Theatre, The Platform, Frolic Room, Joan’s on Third, Somni, Si! Mon, Bar Benjamin, Élephante Santa Monica, Tesla Diner
<$15 Uber Ride
Griffith Park & Observatory, Mori Nozomi, No Smoking Bar, Sqirl, Culver & Main, The Hideaway, Employees Only, Whisky a Go Go, Felix Trattoria, Laurel Hardware, Night + Market, The Broad Museum, Hollywood Forever Cemetery
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