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2416 Ridgeley Drive
Los Angeles, CA 90016
Sold
2416 Ridgeley Drive
Los Angeles, CA 90016
Sold
Opportunity to own in one of most rapidly appreciating neighborhoods in all of Los Angeles! 2416 S Ridgeley Dr is a 6-unit apartment building situated in the heart of flourishing West Adams. Currently operating at a 5.37% CAP and 11.61 GRM, the subject property is ideal for any investor looking for strong day 1 income with plenty of room to grow rents. 2416 S Ridgeley Dr is comprised of (6) 2-Bed/1-Bath units - (1) Unit is currently vacant and (1) unit is a Sec. 8 tenant. There are (3) two-car garages spaces for a total of 6 parking spots. The subject property is only minutes from trendy Downtown Culver City, Downtown Los Angeles and the city's metro line. Renters will enjoy the proximity to the 10 , 405 and 110 freeways, making commuting in Los Angeles a breeze. This is an excellent opportunity to acquire an investment property with strong income and future upside in rents and the neighborhood.
PROPERTY INFORMATION
| MLS # | SB23189376 | Lot Size | 9,647 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,595,000
Price Per SqFt: $ 271 |
DOM | 572 Days |
| Address | 2416 Ridgeley Drive | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,896 Sq. Ft. |
| Postal Code | 90016 | Garage | 6 |
| County | Los Angeles | Year Built | 1945 |
| Bed / Bath | 12 / 0 | Parking | 6 |
| Built In | 1945 | Status | Closed |
| Sold Date | 2024-03-08 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| EntryLocation | Front |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 78 (Very Walkable)
Transit Score: 62 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,701
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 01/09/2024 | Relisted | $1,595,000 |
| 11/28/2023 | Relisted | $1,595,000 |
| 11/01/2023 | Relisted | $1,595,000 |
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Listing provided courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
