2026 S Ridgeley
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 construction throughout the area. The property is centrally located near Culver City, Beverly Hills, LACMA, the La Brea Tar Pits, and Downtown Los Angeles. Per seller: The property generates an approximate $100/month in laundry proceeds (washer/dryer), which historically offsets roughly $100/month in common area utility expenses. Drive-by only-please do not disturb tenants
Broker Details
Beverly and Company, Inc. (818) 382-4160
MLS ID: SR207065251 State License Number: 02042949
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,949,000 |
| No. of Units: | 4 |
| Year Built: | 1924 |
| Lot Size: | 3,988.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $487,250 |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 5 |
ID: 3yd-MRMLSCA-SR26141875
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