2325 S Ridgeley Drive, Los Angeles, CA 90016

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
2325 S Ridgeley Drive,Los Angeles, CA 90016
$1,950,000
  • 16 Beds
  • 8 Baths
  • 7,152 sq. ft.
  • Multi-family
  • Active
Listed by: julio ruiz, armin soleimani
Office: global platinum properties, inc.424-394-1030
MLS#:26854775
Source:CRMLS

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$272.65

About this home

Large 7,152 SF 8-Unit value-add building cash flowing at a current 4% Cap Rate with a whopping 100% upside to a 10.2% Cap on Proforma! Attractively priced at only 243k/unit for entirely 2-bedroom 1-bath units and only $272/SF. Large 9,500 SF lot with plans to add 8 detached ADUs to achieve an incredible 12.2% Current Cap Rate, 18.3% Proforma Cap, 166k/unit, and only $266/SF after taking into account all the construction costs (~715k assuming $250/SF). The exterior of the property has undergone detailed renovations and features on-site parking as well as an updated laundry room. Electricity and gas are individually metered which minimizes operating expenses. Prime Mid-City location just minutes away from Beverly Hills, Culver City, West Adams, as well as many hip neighborhood attractions, restaurants, bars, shops, such as Cento Pasta Bar, The Blending Lab Winery, Tartine Bakery, Farmhouse Kitchen Thai Cuisine, Mu.S Coffee, Cumulus luxury 31-story 1,210 unit mixed-use project, 260 units...

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Home facts

  • Year built:1965
  • Listing ID #:26854775
  • Added:9 day(s) ago
  • Updated:July 11, 2026 at 03:28 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Living area:7,152 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1965
  • Building area:7,152 sq. ft.
  • Lot area:0.22 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$272.65

Parking

  • Parking description:Gated
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