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    2244 S Ridgeley

    Los Angeles, CA 90016
    • $1,700,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: 21-685246
    UPDATED: 44 min ago
    $1,700,000
    • 9
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,055
      SQFT
    • $336
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    HUGE UPSIDE. DELIVERED FULLY VACANT. Pleased to present the opportunity to acquire 2244 Ridgeley. 2244 Ridgeley is a 5,055 SQ. FT 5 unit apartment building with the potential of converting the garage to an ADU, located in the gentrifying Mid-City neighborhood of Los Angeles. This complex was built in 1977 and sits on an 9,594 SQ. FT Lot Zoned RD-1.5. The property positions itself to offer an investor a value-add 5 unit apartment building that WILL BE DELIVERED FULLY VACANT, with a low cost per square foot basis, high pro-forma CAP and future redevelopment opportunity due to lot size. This well located property is centrally located and finds itself located near an abundance of amenities and businesses. Easy access to the 10 FWY, DTLA, Culver City, Beverly Hills, Santa Monica and more! VIRTUAL TOURS: Unit 2: https://my.matterport.com/show/?m=NwNtmpvU7iX&mls=1 Unit 3: https://my.matterport.com/show/?m=BDfZv34D6Db&mls=1 Unit 4: https://my.matterport.com/show/?m=FbSNWcW3A3P&mls=1 Unit 5: https://my.matterport.com/show/?m=sUQhdj5mDzZ&mls=1

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-26T22:42:25.97. 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.
    www.brandiprattrealestate.com/homes/114083303
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    2244 S Ridgeley Los Angeles, CA 90016

    • Price: $1,700,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: 21-685246
    9
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,055
    SQFT
    $336
    $/SQFT
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    HUGE UPSIDE. DELIVERED FULLY VACANT. Pleased to present the opportunity to acquire 2244 Ridgeley. 2244 Ridgeley is a 5,055 SQ. FT 5 unit apartment building with the potential of converting the garage to an ADU, located in the gentrifying Mid-City neighborhood of Los Angeles. This complex was built in 1977 and sits on an 9,594 SQ. FT Lot Zoned RD-1.5. The property positions itself to offer an investor a value-add 5 unit apartment building that WILL BE DELIVERED FULLY VACANT, with a low cost per square foot basis, high pro-forma CAP and future redevelopment opportunity due to lot size. This well located property is centrally located and finds itself located near an abundance of amenities and businesses. Easy access to the 10 FWY, DTLA, Culver City, Beverly Hills, Santa Monica and more! VIRTUAL TOURS: Unit 2: https://my.matterport.com/show/?m=NwNtmpvU7iX&mls=1 Unit 3: https://my.matterport.com/show/?m=BDfZv34D6Db&mls=1 Unit 4: https://my.matterport.com/show/?m=FbSNWcW3A3P&mls=1 Unit 5: https://my.matterport.com/show/?m=sUQhdj5mDzZ&mls=1
    Exterior Features

    Direction Faces West Lot Description 2-4 Lots Lot Size Area 9594 Other Structures None Parking Garage Driveway Total Parking 6 Water Frontage None

    Interior Features

    Baths Total 7.00 Cooling None Equipment None Heating None

    Property Features

    Gross Income 149292 Gross Operating Income 163200 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 114240.00 Number Of Buildings 2 Number Of Units 5 Property Condition FixerRepair Cosmetic Sale Type Standard Security Features None Source Living Area Owner Source Lot Size Area Assessor Total Annual Expense 48960 Type Of Units Low Rise Water Heaters YN Yes Zoning Rd 1.5

    Listing provided courtesy of Daniel Kohanbash DRE#02046316 of Keller Williams Realty Westside.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-26T22:42:25.97. 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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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583