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
$1,875,000
  • 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:$1,875,000
  • Price per sq. ft.:$262.16

About this home

Price Reduction! Large 7,152 SF 8-Unit value-add building cash flowing at a Current 4.25% Cap Rate with a whopping 100% upside to a 10.6% Cap on Proforma! Attractively priced at only 234k/unit for entirely 2-bedroom units and only $262/SF. Large 9,500 SF lot with plans to add 8 detached ADUs to achieve an incredible 12.8% Current Cap Rate, 19% Proforma Cap, 161k/unit, and only $258/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...

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Home facts

  • Year built:1965
  • Listing ID #:26854775
  • Added:57 day(s) ago
  • Updated:August 28, 2026 at 02:38 PM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

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

Finances and disclosures

  • Price:$1,875,000
  • Price per sq. ft.:$262.16

Parking

  • Parking description:Gated
Based on information from California Regional Multiple Listing Service, Inc. as of August 28, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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