21
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$2,795,000
Est. payment /mo
15 Beds
10 Baths
6,029 SqFt
Active
1323 S Ridgeley DR Los Angeles, CA 90019
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,029 sqft
Price per Sqft $463
MLS Listing ID 26658983
Bedrooms 15
HOA Y/N No
Lot Size 6,616 Sqft
Property Description
1323 S Ridgeley Dr presents a rare opportunity to acquire a stable, income-producing asset with long-term upside potential. Affectionately nicknamed the "Cash Cow," this property offers both abundant rental income and future growth opportunities. Built in 1958, this well-maintained two-story building features five spacious 3-bedroom, 2-bathroom units. The property has been thoughtfully cared for and improved over the years, featuring upgrades to three kitchens and four bathrooms, a recently renovated balcony, a completed retrofit, and fresh exterior paint. Each unit offers generous in-unit storage, its own designated parking space, access to a shared backyard seating area, and on-site laundry facilities. All contribute to strong tenant retention and reduced vacancy rates. The outdoor area also presents potential development opportunities (buyer to verify), adding further upside to an already solid investment. Situated near popular cafes, The Grove, restaurants, and neighborhood spas. In an area that continues to see increasing desirability, this property is well-positioned for sustained demand and appreciation. An exceptional addition to any investment portfolio, especially for those who are focused on cash flow and long-term growth.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR2
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling None
Fireplace No
Appliance Barbecue, Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Attached Carport
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5085032041
Special Listing Condition Standard
Listed by Chloe Simon Sotheby's International Realty #02220750
NEARBY SCHOOL & BUSINESS
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