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$2,250,000
331 Days Online

2027 S Ridgeley Drive
Los Angeles, CA 90016

For Sale|Multi-Family|Active
County:
Los Angeles

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(619) 353-5888
2027 S Ridgeley Drive2027 S Ridgeley Drive2027 S Ridgeley Drive2027 S Ridgeley Drive
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This 8 unit property located near the corner of Washington and Ridgeley includes a mix of 1 bedroom and 2 bedroom rental units, three of which are Section 8 housing. It is central to many Los Angeles attractions: 8.9 miles to LAX, 4.3 miles to Beverly Hills, 3 miles to The Grove, and about half a mile to a big Target store. It is also within walking distance to the metro station on La Cienega. This property is a well-oiled working machine and has big income potential because of the location. The two bedroom units are renting for $1850 and the one bedroom units for $1450 with a rent increase of 3% every year. The property is paying for itself, nothing out pocket for the seller. The rental rates could be maximized - the seller was not able to maintain the yearly increase. The water heater was changed last year, 2020. The whole building was painted 5 years ago. In 2017, the roof was fixed for leaks, the roof of the carport was replaced, no major repairs.

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Listing Snapshot
Price 
$2,250,000
Days Online 
331 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.223 Acres
Year Built 
N/A
MLS Number 
TR21207392
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
a month agoStatus changed to ACTIVE
a month agoPrice changed to $2,250,000
11 months agoListing first seen online
General Features
Terms 
CashConventional
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Exterior Features
Pool 
N/K
Listing courtesy of Alta Realty Group CA

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2022 San Diego MLS®.

Data last update at 2022

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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