2026 S Ridgeley, Los Angeles, CA 90016
2026 S Ridgeley, Los Angeles, CA 90016
2026 S Ridgeley, Los Angeles, CA 90016
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Glen Henderson

Glen Henderson

+1(619) 889-7646
$1,899,000
Est. payment /mo
9 Beds
5 Baths
5,928 Sqft Lot
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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

Type of Financing Cal Vet,Cash,Conventional,Exchange

Property 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

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MLS Router / San Diego MLS
Listed by Amel Tata, DRE#02042949 Beverly and Company 

Nearby School & Business

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Glen Henderson

Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

Broker Associate CA BRE #01384181

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