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744 Ridgeley Dr 7 Unit Apartment Building $4,088,000 ($584,000/Unit) 4.40% Cap Rate Los Angeles, CA 90036
Investment Highlights
- Excellent Unit Mix - 5 (2BR + 2BA) & 2 (1BR + 1BA) Units
- The façade is Classic French colonial Architecture
- All units are beautifully renovated in 2017 and have existing in-unit laundry
- Location is very accessible and walkable to all transit including proximity to the new metro location
Executive Summary
Caskey Commercial is proud to present 744 Ridgeley Dr., a seven-unit multifamily opportunity located in the Miracle mile area, which happens to be one of Los Angeles’ most dynamic and sought-after submarkets. During the past few years, this area has become a highly desirable location for both residents and investors due to its geographic position, ongoing revitalization, and strong rental demand.
The combination of location, zoning, and income potential positions 744 Ridgeley Dr as a solid acquisition for multifamily investors, and seasoned portfolio builders. This offering underscores the ongoing strength of Miracle Miler market and provides an opportunity to acquire a well-located asset.
This is a rare chance to own a beautifully upgraded, income-producing 7-unit property in one of Los Angeles' most desirable rental markets. This charming Miracle Mile property blends architectural character with thoughtful modern updates—perfect for investors seeking peace of mind and long-term value. This is a turnkey investment since all 7-units are fully renovated from top to bottom.
The combination of location, zoning, and income potential positions 744 Ridgeley Dr as a solid acquisition for multifamily investors, and seasoned portfolio builders. This offering underscores the ongoing strength of Miracle Miler market and provides an opportunity to acquire a well-located asset.
This is a rare chance to own a beautifully upgraded, income-producing 7-unit property in one of Los Angeles' most desirable rental markets. This charming Miracle Mile property blends architectural character with thoughtful modern updates—perfect for investors seeking peace of mind and long-term value. This is a turnkey investment since all 7-units are fully renovated from top to bottom.
Property Facts
| Price | $4,088,000 | Apartment Style | Low-Rise |
| Price Per Unit | $584,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.40% | Building Size | 6,019 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1937/2017 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Zoning | R4, Los Angeles | ||
| Price | $4,088,000 |
| Price Per Unit | $584,000 |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Sale Condition | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,019 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1937/2017 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R4, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Wi-Fi
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Furnished Units Available
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 5 | - | - |
Walk Score®
Walker's Paradise (95)
Property Taxes
| Parcel Number | 5089-005-010 | Improvements Assessment | $724,000 |
| Land Assessment | $2,646,133 | Total Assessment | $3,370,133 |
Property Taxes
Parcel Number
5089-005-010
Land Assessment
$2,646,133
Improvements Assessment
$724,000
Total Assessment
$3,370,133
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744 Ridgeley Dr
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