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2027 S Ridgeley Dr 8 Unit Apartment Building $1,995,000 ($249,375/Unit) Los Angeles, CA 90016
Investment Highlights
- Strong Rental Demand
- Great Walk Score
- Value-Add Opportunity
- On-site Parking & Laundry
Executive Summary
CBRE is proud to exclusively present 2027 S Ridgeley Dr in the Mid-City submarket of Los Angeles. Positioned in a centrally located, high-connectivity pocket of the city, this property offers investors a rare opportunity to acquire a stabilized multifamily asset in one of Los Angeles’ most accessible submarkets.
2027 S Ridgeley Dr is a multifamily property constructed in 1957 on a ±9,712 square foot lot, with a total building size of ±5,838 square feet. The property features a favorable, balanced unit mix of 4 two-bedroom/ one-bathroom units and 4 one-bedroom/one-bathroom units, along with laundry facilities and 8 on-site parking spaces, a meaningful amenity in a submarket where on-site laundry and off-street parking is limited.
The property is currently 100% occupied, providing a buyer with immediate, stabilized cash flow at close of escrow. A new owner can capitalize on this stability while positioning for long-term rent growth as natural turnover occurs in a submarket where new competitive supply remains constrained.
2027 S Ridgeley Dr is a multifamily property constructed in 1957 on a ±9,712 square foot lot, with a total building size of ±5,838 square feet. The property features a favorable, balanced unit mix of 4 two-bedroom/ one-bathroom units and 4 one-bedroom/one-bathroom units, along with laundry facilities and 8 on-site parking spaces, a meaningful amenity in a submarket where on-site laundry and off-street parking is limited.
The property is currently 100% occupied, providing a buyer with immediate, stabilized cash flow at close of escrow. A new owner can capitalize on this stability while positioning for long-term rent growth as natural turnover occurs in a submarket where new competitive supply remains constrained.
Property Facts
| Price | $1,995,000 | Lot Size | 0.22 AC |
| Price Per Unit | $249,375 | Building Size | 5,838 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RD1.5, Los Angeles - Residential | ||
| Price | $1,995,000 |
| Price Per Unit | $249,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,838 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD1.5, Los Angeles - Residential |
Amenities
Unit Amenities
- Cable Ready
- Disposal
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5063-025-007 | Improvements Assessment | $624,240 |
| Land Assessment | $1,248,480 | Total Assessment | $1,872,720 |
Property Taxes
Parcel Number
5063-025-007
Land Assessment
$1,248,480
Improvements Assessment
$624,240
Total Assessment
$1,872,720
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