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1269 S Ridgeley Dr
Los Angeles, CA 90019
Multifamily Property For Sale
·
4,564 SF
Investment Highlights
- ADU Potential
Executive Summary
Located on a quiet, tree-lined street just South of San Vicente Blvd, 1269 S Ridgeley Dr. is a well-located 4-unit multifamily asset in one of Los Angeles' most central and connected neighborhoods. Built in 1946, the property consists of Four 2-bed/1-bath units, each unit exceeding 1,100 square feet. Moments from Miracle Mile, Museum Row, The Grove, and other Iconic Los Angeles destinations. The surrounding area continues to benefit from significant nearby investment, including new medical, multifamily, retail, and mixed-use development that further supports long-term rental demand and neighborhood value. The large double garage at the rear of the property will be delivered vacant and presents a clear ADU conversion opportunity. Along with updated ADU laws and density incentives the new owner has the opportunity to increase unit count, improve income, and reposition the asset over time. With its central location, oversized units, neighborhood feel, and proximity to major healthcare, cultural, retail, and residential investment, 1269 S Ridgeley Dr. offers a compelling opportunity for investors seeking stability with meaningful upside.
Property Facts
| Price Per Unit | $628,129 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.21% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 15.08 | Building Size | 4,564 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1946 |
| Zoning | LAR2 - Two-Family Residential | ||
| Price Per Unit | $628,129 CAD |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| Gross Rent Multiplier | 15.08 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,564 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | LAR2 - Two-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,100 |
Property Taxes
| Parcel Number | 5085-017-022 | Improvements Assessment | $801,497 CAD |
| Land Assessment | $1,258,268 CAD | Total Assessment | $2,059,764 CAD |
Property Taxes
Parcel Number
5085-017-022
Land Assessment
$1,258,268 CAD
Improvements Assessment
$801,497 CAD
Total Assessment
$2,059,764 CAD
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