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2325 S Ridgeley Dr
Los Angeles, CA 90016 Mid-City

$1,875,000 USD

Apartments For Sale  •  7,504 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,504 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 4.25 %
  • Zoning LARD1.5
60 Transit Score
60 Walk Score

Highlights

8-unit building, all 2-bed/1-bath — only $234K/door & $262/SF
Current 4.25% Cap with 100% rental upside to a 10.6% Proforma Cap
RTI-ready path: 8 detached ADUs ? 16 units at $162K/door all-in
12.8% Current / 19% Proforma Cap with ADUs, only $258/SF all-in
Individually metered gas & electric | updated on-site laundry
Renovated exterior with on-site parking

Property Flyers

Cap Rate: 4.25 %

Public Transportation

Commuter RailDriveWalkDistance
15 min - 8.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 15 min - 9.1 mi
AirportDriveWalkDistance
Los Angeles International 17 min - 8.2 mi
Bob Hope 30 min - 13.8 mi
Long Beach (Daugherty Field) 35 min - 24.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Armin Soleimani 310-666-2246 Global Platinum Properties
Armin Soleimani 310-666-2246 Global Platinum Properties