744 Ridgeley Dr - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$4,088,000 USD
310-529-3199
744 Ridgeley Dr, Los Angeles, CA for Sale
$4,088,000 USD
Apartments - FOR SALE
1/32
null | 4.4% Cap Rate

744 Ridgeley Dr
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • Excellent Unit Mix - 5 (2BR + 2BA) & 2 (1BR + 1BA) Units
  • All units are beautifully renovated in 2017 and have existing in-unit laundry
  • The façade is Classic French colonial Architecture
  • Location is very accessible and walkable to all transit including proximity to the new metro location

OVERVIEW

Caskey Commercial is proud to present 744 Ridgeley Dr., a seven-unit multifamily opportunity located in the Miracle mile area, which happens to be one of Los Angeles’ most dynamic and sought-after submarkets. During the past few years, this area has become a highly desirable location for both residents and investors due to its geographic position, ongoing revitalization, and strong rental demand. The combination of location, zoning, and income potential positions 744 Ridgeley Dr as a solid acquisition for multifamily investors, and seasoned portfolio builders. This offering underscores the ongoing strength of Miracle Miler market and provides an opportunity to acquire a well-located asset. This is a rare chance to own a beautifully upgraded, income-producing 7-unit property in one of Los Angeles' most desirable rental markets. This charming Miracle Mile property blends architectural character with thoughtful modern updates—perfect for investors seeking peace of mind and long-term value. This is a turnkey investment since all 7-units are fully renovated from top to bottom.

FOR SALE DETAILS

PRICE

$4,088,000 USD

PRICE/SF

$679 USD /SF

# OF UNITS

7

PRICE/UNIT

$584,000

CAP RATE

4.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5089-005-010

ASK ABOUT THIS PROPERTY

Mo Sharifiexp Realty of CaliforniaMore Info
310-529-3199

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Mo Sharifiexp Realty of CaliforniaMore Info
310-529-3199

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