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2243-2245 S Ridgeley Dr
Los Angeles, CA 90016
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Large 9,466 sq ft LARD1.5-zoned lot with future development potential.
- Walking distance to coffee shops, entertainment, and neighborhood amenities.
- Individual utility meters and on-site laundry for streamlined operations.
Executive Summary
2243-2245 S Ridgeley Drive offers an exceptional multi-family investment in the heart of the vibrant West Adams neighborhood. This five-unit property consists of four one-bedroom units and one studio, all recently renovated with modern finishes. Each unit features private garage storage and outdoor yard space, adding functional appeal for tenants. The building is individually metered for utilities and includes an on-site laundry facility, contributing to operational efficiency. Situated on a large LARD1.5-zoned lot, the asset provides future development potential, including a small-lot subdivision or the addition of an ADU for supplemental income. Its prime location places residents within walking distance of trendy cafes, entertainment, and essential services, while major employment centers and transit routes are easily accessible. This is a rare opportunity to secure a stabilized property with immediate income and long-term upside in one of Los Angeles’ fastest-growing communities.
Property Facts
| Price Per Unit | $432,642 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 2,661 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | LARD1.5 - Restricted Density Multiple | ||
| Price Per Unit | $432,642 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,661 SF |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Restricted Density Multiple |
Amenities
Unit Amenities
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Breakfast Nook
- Garden
- Patio
Site Amenities
- Controlled Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Gated
- Pet Play Area
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
Property Taxes
| Parcel Number | 5063-024-002 | Improvements Assessment | $228,261 CAD |
| Land Assessment | $1,693,557 CAD | Total Assessment | $1,921,818 CAD |
Property Taxes
Parcel Number
5063-024-002
Land Assessment
$1,693,557 CAD
Improvements Assessment
$228,261 CAD
Total Assessment
$1,921,818 CAD
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