2243-2245 S Ridgeley Dr - Apartments FOR SALE


Los Angeles, CA 90016- Mid-City
$1,590,000 USD
310-864-7600
2243-2245 S Ridgeley Dr, Los Angeles, CA for Sale
$1,590,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

2243-2245 S Ridgeley Dr
Los Angeles, CA 90016
Mid-City


HIGHLIGHTS

  • Large 9,466 sq ft LARD1.5-zoned lot with future development potential.
  • Individual utility meters and on-site laundry for streamlined operations.
  • Walking distance to coffee shops, entertainment, and neighborhood amenities.

OVERVIEW

2243-2245 S Ridgeley Drive offers an exceptional multi-family investment in the heart of the vibrant West Adams neighborhood. This five-unit property consists of four one-bedroom units and one studio, all recently renovated with modern finishes. Each unit features private garage storage and outdoor yard space, adding functional appeal for tenants. The building is individually metered for utilities and includes an on-site laundry facility, contributing to operational efficiency. Situated on a large LARD1.5-zoned lot, the asset provides future development potential, including a small-lot subdivision or the addition of an ADU for supplemental income. Its prime location places residents within walking distance of trendy cafes, entertainment, and essential services, while major employment centers and transit routes are easily accessible. This is a rare opportunity to secure a stabilized property with immediate income and long-term upside in one of Los Angeles’ fastest-growing communities.

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$598 USD /SF

# OF UNITS

5

PRICE/UNIT

$318,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,466 SF

ZONING

LARD1.5

APN/PARCEL ID

5063-024-002

ASK ABOUT THIS PROPERTY

Benjamin DonelSunset EquityMore Info
310-864-7600

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Benjamin DonelSunset EquityMore Info
310-864-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.