Property listed by Berkshire Hathaway HomeServices California Properties, Christopher Newell 310-207-7080
$1,795,000
Located on a quiet, tree-lined street just South of San Vicente Blvd, 1269 S Ridgeley Dr. is a well-located 4-unit multifamily asset in one of Los Angeles' most central and connected neighborhoods. Built in 1946, the property consists of Four 2-bed/1-bath units, each unit exceeding 1,100 square feet. Moments… Read More from Miracle Mile, Museum Row, The Grove, and other Iconic Los Angeles destinations. The surrounding area continues to benefit from significant nearby investment, including new medical, multifamily, retail, and mixed-use development that further supports long-term rental demand and neighborhood value. The large double garage at the rear of the property will be delivered vacant and presents a clear ADU conversion opportunity. Along with updated ADU laws and density incentives the new owner has the opportunity to increase unit count, improve income, and reposition the asset over time. With its central location, oversized units, neighborhood feel, and proximity to major healthcare, cultural, retail, and residential investment, 1269 S Ridgeley Dr. offers a compelling opportunity for investors seeking stability with meaningful upside. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
8
Square Ft.
4,564
Lot Size
0.16 Acres
Year Built
1946
MLS Number
26829339
Additional Details
Appliances & Equipment
Microwave, Refrigerator
Building
Built in 1946, Living area: 4564.0, 1 building, 2 stories, Levels: Two
Floors
Wood
Garage
2 spaces
Heating
WallFurnace
Income
Gross Income: $115,429, Net Operating Income: $75,567
Interior Features
CeilingFans
Laundry
CommonArea
Lot
0.1556 acres
Parking
2 total parking spaces, None
Taxes
Parcel Number: 5085017022, Zoning: LAR2
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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