2539 S Ridgeley Drive

    Los Angeles (City), CA 90016
    • $830,000
    • STATUS: Active Under Contract
    • ON SITE: 131 days
    • ID#: 18415534
    Under Contract
    UPDATED: 89 min ago
    $830,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,018
      SQFT
    • $411
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Excellent opportunity to own or invest in West Adams area, one of the most rapidly transforming neighborhoods of Los Angeles. Live in the back, rent the front for rental income. First time on the market since 1987. This 3 unit multifamily property features a front duplex each 1 bedroom 1 bath side by side units about 1400 SF. Back building features 2 bedrooms 1 bath about 600 SF. Each unit has an open concept kitchen, living room and dining room floor plan with washer and dryer. Large lot zoned LARD1.5 which allows you to build up to 4 units and just under 6400 SqFt lot. There is a 3-car garage currently being used by owner for storage which can be rented for additional income. Great location and in proximity to LA Rams Stadium, LAX, Expo line and major freeways. Tech companies are moving to this area which is evidence of the long term investment strategy and investor confidence in the growth of this part of Los Angeles. Rear unit and storage units delivered vacant at close of escrow.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-24T19:37:18.52. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/90068558

    2539 S Ridgeley Drive Los Angeles (City), CA 90016

    • Price: $830,000
    • Status: Active Under Contract
    • Updated: 89 min ago
    • ID#: 18415534
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,018
    SQFT
    $411
    $/SQFT
    1924
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Excellent opportunity to own or invest in West Adams area, one of the most rapidly transforming neighborhoods of Los Angeles. Live in the back, rent the front for rental income. First time on the market since 1987. This 3 unit multifamily property features a front duplex each 1 bedroom 1 bath side by side units about 1400 SF. Back building features 2 bedrooms 1 bath about 600 SF. Each unit has an open concept kitchen, living room and dining room floor plan with washer and dryer. Large lot zoned LARD1.5 which allows you to build up to 4 units and just under 6400 SqFt lot. There is a 3-car garage currently being used by owner for storage which can be rented for additional income. Great location and in proximity to LA Rams Stadium, LAX, Expo line and major freeways. Tech companies are moving to this area which is evidence of the long term investment strategy and investor confidence in the growth of this part of Los Angeles. Rear unit and storage units delivered vacant at close of escrow.
    Exterior Features

    Garage Spaces 3.00 Lot Size Dimensions 42X150 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking Total 3.00 Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Cap Rate 4.50 Gross Multiplier 14.00 Gross Operating Income 60000.00 Improvements Amount 96713 Land Value 109332 Laundry YN Yes Net Operating Income 39000.00 Special Listing Conditions Standard Total Expenses 21000.00 Zoning Lard1.5

    Listing provided courtesy of Melissa Macfadyen of Compass and Heidi Tejeda of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-24T19:37:18.52. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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