See all 34 photos
34 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,999,000
Est. payment /mo
9 Beds
5 Baths
5,928 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26124123
Bedrooms 9
Lot Size 5,928 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional investment opportunity in the highly desirable Mid-City neighborhood, north of the 10 Freeway. This well-maintained quadraplex property offers four individually metered mixed units. All units are fully leased with long-term tenants, providing stable, immediate rental income and future upside potential. 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 construct
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From Washington Blvd, head south on Ridgeley Dr; property is located on the east side of the street.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5063018006
Acceptable Financing Cal Vet, Cash, Conventional, Exchange
Listing Terms Cal Vet, Cash, Conventional, Exchange
Read Less Info
Listed by Amel Tata, DRE#02042949 Beverly and Company
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "