Active

2026 S Ridgeley

Los Angeles, CA 90016

$1,999,000 $8,427/Mo

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Overview

Bed

Bath

3,988

Sqft

5,928

Sqft(Lot)

Description

Exceptional investment opportunity in the highly desirable Mid-City neighborhood, north of the 10 Freeway. This well-maintained quadraplex property offers four individually metered mixed units. All units are fully leased with long-term tenants, providing stable, immediate rental income and future upside potential. The property has undergone substantial capital improvements throughout, including updated flooring, drywall upgrades, newer heaters in select units, and remodeled kitchens and bathrooms in select units. All units feature newer water heaters, and the property has completed a full plumbing repipe. Additional improvements include exterior building paint and interior paint in select units. The property consists of two connected residential buildings. The front structure (Unit 1) i s a single-story home built in 1924, approximately 936 sq ft. The rear building, constructed in 1962, contains three units totaling approximately 3,052 sq ft. Unit 2 is on the ground floor, while Units 3 and 4 are located upstairs. .Unit 1 (2 Bed/1 Bath) is rented for $2,362.21/month. Unit 2 (3 Bed/1 Bath) is rented for $1,411.82/month. Unit 3 (1 Bed/1 Bath) is rented for $918.72/month. Unit 4 (3 Bed/2 Bath) is rented for $2,808.22/month. The property includes four covered parking spaces (one per unit) located in the rear, an on-site community laundry room with two washers and one dryer, and a gated, low-maintenance front yard with poured concrete. Located in one of Los Angeles' most dynamic and rapidly evolving neighborhoods, the property benefits from ongoing redevelopment and new construction throughout the area. The property is centrally located near Culver City, Beverly Hills, LACMA, the La Brea Tar Pits, and Downtown Los Angeles. This is an excellent opportunity for investors seeking a stabilized asset with proven long-term tenancy, significant capital improvements, strong in-place income, and future rental growth potential in a high-demand rental market. Showings are subject to accepted offer and interior inspection. Buyer is advised to independently verify all information, including but not limited to square footage, unit mix, permits, zoning, income, expenses, lease terms, condition, and bedroom/bathroom counts. Broker and agents make no representations or warranties regarding the accuracy of any information provided, and buyer is encouraged to conduct their own investigations with appropriate professionals. Drive-by only—please do not disturb tenants

Property Details

Property Type : Residential Income

Price : $1,999,000

AD Id : 81482849

MLS Id : SR26124123

Beds : 9

Lot Size : 5,928 Sqft

Living Area Size : 3,988

Year Built : 1924

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Property Appliances: Dryer,Washer

Building Information

Year Built: 1924 Building Area Total: 3,988
Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1361
Lot Size Source: Public Records Lot Size Square Feet: 5928

Listing Price Information

Original List Price: 1,999,000 Listing Contract Date: 2026-06-07
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5063018006

Garage and Parking

Garage Description: Covered,Driveway,Paved

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: C16 - Mid Los Angeles Directions: From Washington Blvd, head south on Ridgeley Dr; property is located on the east side of the street. Source Property Type: Residential Income Area: C16 - Mid Los Angeles Property SubType: Quadruplex
Building and Construction

Property Age: 102 Common Walls: 2+ Common Walls Structure Type: Quadruplex Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One,Two Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2104 Crenshaw Boulevard, Los Angeles, CA, 90016	$1,400,000	6	4	2,780	2,780 SqFt
2510 Crenshaw Boulevard, Los Angeles, CA, 90016	$999,990	6	4	2,922	2,922 SqFt
2116 S Palm Grove Ave, Los Angeles, CA, 90016	$1,395,000	7	5	5,075	5,075 SqFt
2151 S West View Street, Los Angeles, CA, 90016	$2,649,000	14	15	5,983	5,983 SqFt
3526 Farmdale, Los Angeles, CA, 90016	$1,200,000	5	3	2,212	2,212 SqFt
2949 S Harcourt Avenue, Los Angeles, CA, 90016	$1,399,000	6	4	2,595	2,595 SqFt
2720 S Sycamore Avenue, Los Angeles, CA, 90016	$1,300,000	8	5	2,600	2,600 SqFt
2740 S Sycamore, Los Angeles, CA, 90016	$950,000	5	4	2,003	2,003 SqFt
2633 S Cochran, Los Angeles, CA, 90016	$2,850,000	12	12	5,522	5,522 SqFt
5335 Carlin, Los Angeles, CA, 90016	$1,350,000	8	4	2,590	2,590 SqFt

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ByOwner last updated this listing 06/10/2026 @ 23:56

MLS: SR26124123 LISTED BY: Amel Tata, Beverly and Company 818-835-4414 SOURCE: CRMLS