2325 S Ridgeley Drive

Property Overview

2nd Price Reduction! Large 7,152 SF 8-Unit value-add building cash flowing at a Current 4.5% Cap Rate with a whopping 97% upside to a 11% Cap on Proforma! Attractively priced at only $228k/unit for entirely 2-bedroom units and only $255/SF. Large 9,500 SF lot with plans to add 8 detached ADUs to achieve an incredible 9.7% Current Cap Rate, 14.2% Proforma Cap, $158k/unit, and only $258/SF after taking into account all the construction costs (~715k assuming $250/SF). The exterior of the property has undergone detailed renovations and features on-site parking as well as an updated laundry room. Electricity and gas are individually metered which minimizes operating expenses. Prime Mid-City location just minutes away from Beverly Hills, Culver City, West Adams, as well as many hip neighborhood attractions, restaurants, bars, shops, such as Cento Pasta Bar, The Blending Lab Winery, Tartine Bakery, Farmhouse Kitchen Thai Cuisine, Mu. S Coffee, Cumulus luxury 31-story 1,210 unit mixed-use project, 260 units Habitat Residences campus with retail and creative office, and much more.

Home Details

Property type: Residential Income
Year built: 1965
Living area: 7,152 sq ft
Lot size: 9,500 sq ft
Stories: 2
Days on market: 8
MLS status: Active
Zoning: LARD1.5

Features & Amenities

Parking

Gated

Community, Schools & Utilities

Utilities

Heating: WallFurnace

Browse more homes for sale in Los Angeles

Location & Neighborhood

Los Angeles, CA 90016

Open in Google Maps Open in Apple Maps

Frequently Asked Questions About 2325 S Ridgeley Drive

Property type: Residential Income

The current asking price is $1,825,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2325 S Ridgeley Drive. Our team will confirm availability and timing.

This 16 bedrooms and 8 bathrooms property offers approximately 7,152 square feet of living space. It was built in 1965. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.