833 N Ridgewood Pl - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$1,099,000 USD
310-564-6944
833 N Ridgewood Pl, Los Angeles, CA for Sale
$1,099,000 USD
Apartments - FOR SALE
1/12
null | 5.36% Cap Rate

833 N Ridgewood Pl
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • LARGE VACANT OWNER'S UNIT + INCOME
  • PRIME HOLLYWOOD LOCATION
  • ADU & DEVELOPMENT UPSIDE

OVERVIEW

One 2 Bedroom unit Vacant | Spacious Hollywood Triplex Own a versatile triplex in the heart of Hollywood offering 3,136 sq ft of total living space, ideal for owner-users, investors, or those seeking future development upside. The entire upper level features a large 2-bedroom, 1-bath owner's unit, to be delivered vacant, allowing for immediate move-in or market-rate leasing. This bright and expansive residence includes a generous living room, breakfast nook, dining room, laundry room, and both front and rear entrances. Two private rooftop patios. The two lower-level 1-bedroom, 1-bath units are tenant-occupied, providing steady rental income to help offset ownership costs. The property also includes a 3-car garage and an additional yard, offering valuable outdoor and parking space. Ideally located just off Wilton Place and Santa Monica Boulevard, the property boasts a Walk Score of 90, with restaurants, cafes, shops, and Larchmont Village all nearby. Minutes from major studios, hospitals, and the future Echelon Studios Complex, a 550,000 sq ft production and retail hub scheduled to open in 2026. Additional upside: Current zoning and building ordinances may allow for additional units and ADUs, presenting a rare opportunity to expand and increase cash flow in a high-demand rental market.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

3

PRICE/UNIT

$366,333

CAP RATE

5.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TRIPLEX HOLLYWOOD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,735 SF

ZONING

LARD1.5

APN/PARCEL ID

5535-001-017

ASK ABOUT THIS PROPERTY

Dean VagenasGoldstone GroupMore Info
310-564-6944

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

Dean VagenasGoldstone GroupMore Info
310-564-6944

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