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2416 S Ridgeley Drive, Los Angeles, CA 90016
$1,525,000
2416 S Ridgeley Drive, Los Angeles, CA 90016View this property at 2416 S Ridgeley Drive, Los Angeles, CA 90016
2416 S Ridgeley DriveLos AngelesCA90016
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Property Description
Opportunity to own in one of most rapidly
appreciating neighborhoods in all of Los Angeles! 2416
S Ridgeley Dr is a 6-unit apartment building situated in
the heart of flourishing West Adams. Currently
operating at a 5.37% CAP and 11.61 GRM, the subject
property is ideal for any investor looking for strong day
1 income with plenty of room to grow rents.
2416 S Ridgeley Dr is comprised of (6) 2-Bed/1-Bath
units - (1) Unit is currently vacant and (1) unit is a Sec.
8 tenant. There are (3) two-car garages spaces for a
total of 6 parking spots.
The subject property is only minutes from trendy
Downtown Culver City, Downtown Los Angeles and the
city's metro line. Renters will enjoy the proximity to the
10 , 405 and 110 freeways, making commuting in Los
Angeles a breeze. This is an excellent opportunity to
acquire an investment property with strong income
and future upside in rents and the neighborhood.
Full Property Details
Full Property Details for 2416 S Ridgeley Dr
General
- Sold For: $1,525,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SB23189376
- Added to Site: 236 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 6
Location
- Area: C16 - Mid Los Angeles
- County: Los Angeles
- Development Name: C16 - Mid Los Angeles
- Driving Directions: Off Hauser and Washington
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Entry Location: Front
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 5,896
- Year Built: 1945
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.2215
- Lot Size Source: Assessor
- Zoning: LARD1.5
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $258.65
- Price Per Unit: 265833
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi
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Schools
Schools serving 2416 S Ridgeley Dr
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2411 S Marvin Ave, Los Angeles, CA 90016 | K-5 | 0.2 mi | |
11330 Graham Pl, Los Angeles, CA 90064 | 6-8 | 4.3 mi | |
3537 Farmdale Ave, Los Angeles, CA 90016 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2416 S Ridgeley Dr
Date
Details
Price
Change
Source
3/08/2024
Sold
$1,525,000
-4.39%
MLS
10/24/2023
Listed
$1,595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2416 S Ridgeley Drive, Los Angeles, CA 90016 (MLS# SB23189376) is a Multi-Family property that was sold at $1,525,000 on March 08, 2024. Want to learn more about 2416 S Ridgeley Drive? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.