2026 S Ridgeley Los Angeles, CA 90016
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26124123
HOA Y/N No
Year Built 1924
Lot Size 5,928 Sqft
Property Sub-Type Quadruplex
Property Description
The property has undergone substantial capital improvements throughout, including updated flooring, drywall upgrades, newer heaters in select units, and remodeled kitchens and bathrooms in select units. All units feature newer water heaters, and the property has completed a full plumbing repipe. Additional improvements include exterior building paint and interior paint in select units.
The property consists of two connected residential buildings. The front structure (Unit 1) is a single-story home built in 1924, approximately 936 sq ft. The rear building, constructed in 1962, contains three units totaling approximately 3,052 sq ft. Unit 2 is on the ground floor, while Units 3 and 4 are located upstairs.
.Unit 1 (2 Bed/1 Bath) is rented for $2,362.21/month. Unit 2 (3 Bed/1 Bath) is rented for $1,411.82/month. Unit 3 (1 Bed/1 Bath) is rented for $918.72/month. Unit 4 (3 Bed/2 Bath) is rented for $2,808.22/month. The property includes four covered parking spaces (one per unit) located in the rear, an on-site community laundry room with two washers and one dryer, and a gated, low-maintenance front yard with poured concrete.
Located in one of Los Angeles' most dynamic and rapidly evolving neighborhoods, the property benefits from ongoing redevelopment and new construction throughout the area. The property is centrally located near Culver City, Beverly Hills, LACMA, the La Brea Tar Pits, and Downtown Los Angeles.
This is an excellent opportunity for investors seeking a stabilized asset with proven long-term tenancy, significant capital improvements, strong in-place income, and future rental growth potential in a high-demand rental market.
Showings are subject to accepted offer and interior inspection. Buyer is advised to independently verify all information, including but not limited to square footage, unit mix, permits, zoning, income, expenses, lease terms, condition, and bedroom/bathroom counts. Broker and agents make no representations or warranties regarding the accuracy of any information provided, and buyer is encouraged to conduct their own investigations with appropriate professionals. Drive-by only—please do not disturb tenants
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Parking Features Covered, Driveway, Paved
Pool None
Community Features Sidewalks, Urban
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 5063018006
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange
Special Listing Condition Standard
Nearby Locations