2325 S Ridgeley Drive
Los Angeles, CA 90016
8
Bed
0
Bath
7,152Sqft
9,500Sqft(Lot)
Large 7,152 SF 8-Unit value-add building cash flowing at a current 4% Cap Rate with a whopping 100% upside to a 10.2% Cap on Proforma! Attractively priced at only 243k/unit for entirely 2-bedroom 1-bath units and only $272/SF. Large 9,500 SF lot with plans to add 8 detached ADUs to achieve an incredible 12.2% Current Cap Rate, 18.3% Proforma Cap, 166k/unit, and only $266/SF after taking into account all the construction costs (~715k assuming $250/SF). The exterior of the property has undergone detailed renovations and features on-site parking as well as an updated laundry room. Electricity and gas are individually metered which minimizes operating expenses. Prime Mid-City location just minutes away from Beverly Hills, Culver City, West Adams, as well as many hip neighborhood attractions, r
Property Details
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Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 8Bathroom Information
Total Baths: 16 Full Baths: 0 Half Baths: 0 -
Heating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1965 Building Area Total: 7,152
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2181 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 9500
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Listing Price Information
Original List Price: 1,950,000 Listing Contract Date: 2026-07-01 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5063023008
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Garage and Parking
Garage Description: GatedHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C16 - Mid Los Angeles Directions: From Washington, Turn South onto Ridgeley. Zoning: LARD1.5 Source Property Type: Residential Income Area: C16 - Mid Los Angeles -
Building and Construction
Property Age: 61 Year Built Source: Vendor Enhanced Total Square Feet Living: 7152 Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2219 Crenshaw Boulevard, Los Angeles, CA, 90016 | $1,695,000 | 10 | -- | 6,236 | 6,236 SqFt |
| 4400 W Washington Boule.., Los Angeles, CA, 90016 | $1,899,000 | 16 | -- | 5,624 | 5,624 SqFt |
| 2025 West Boulevard, Los Angeles, CA, 90016 | $1,098,000 | 3 | 2 | 1,769 | 1,769 SqFt |
| 3809 W 30th Street, Los Angeles, CA, 90016 | $1,180,000 | 6 | -- | 5,213 | 5,213 SqFt |
| 2847 S Victoria, Los Angeles, CA, 90016 | $2,995,000 | -- | -- | 5,947 | 5,947 SqFt |
| 1934 Vineyard Avenue, Los Angeles, CA, 90016 | $1,379,000 | 3 | 2 | 2,042 | 2,042 SqFt |
| 2919 Somerset Drive, Los Angeles, CA, 90016 | $999,000 | 3 | 2 | 1,049 | 1,049 SqFt |
| 2636 Virginia Road, Los Angeles, CA, 90016 | $3,250,000 | 16 | -- | 6,936 | 6,936 SqFt |
| 2045 Claudina Avenue, Los Angeles, CA, 90016 | $849,000 | 4 | 1 | 1,588 | 1,588 SqFt |
| 2337 Vineyard Avenue, Los Angeles, CA, 90016 | $1,435,000 | 3 | -- | 3,746 | 3,746 SqFt |
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ByOwner last updated this listing 07/04/2026 @ 01:05
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