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744 Ridgeley Dr 7 Unit Apartment Building $5,624,352 CAD ($803,479 CAD/Unit) 4.40% Cap Rate Los Angeles, CA 90036
Investment Highlights
- Excellent Unit Mix - 5 (2BR + 2BA) & 2 (1BR + 1BA) Units
- The façade is Classic French colonial Architecture
- All units are beautifully renovated in 2017 and have existing in-unit laundry
- Location is very accessible and walkable to all transit including proximity to the new metro location
Executive Summary
Caskey Commercial is proud to present 744 Ridgeley Dr., a seven-unit multifamily opportunity located in the Miracle mile area, which happens to be one of Los Angeles’ most dynamic and sought-after submarkets. During the past few years, this area has become a highly desirable location for both residents and investors due to its geographic position, ongoing revitalization, and strong rental demand.
The combination of location, zoning, and income potential positions 744 Ridgeley Dr as a solid acquisition for multifamily investors, and seasoned portfolio builders. This offering underscores the ongoing strength of Miracle Miler market and provides an opportunity to acquire a well-located asset.
This is a rare chance to own a beautifully upgraded, income-producing 7-unit property in one of Los Angeles' most desirable rental markets. This charming Miracle Mile property blends architectural character with thoughtful modern updates—perfect for investors seeking peace of mind and long-term value. This is a turnkey investment since all 7-units are fully renovated from top to bottom.
The combination of location, zoning, and income potential positions 744 Ridgeley Dr as a solid acquisition for multifamily investors, and seasoned portfolio builders. This offering underscores the ongoing strength of Miracle Miler market and provides an opportunity to acquire a well-located asset.
This is a rare chance to own a beautifully upgraded, income-producing 7-unit property in one of Los Angeles' most desirable rental markets. This charming Miracle Mile property blends architectural character with thoughtful modern updates—perfect for investors seeking peace of mind and long-term value. This is a turnkey investment since all 7-units are fully renovated from top to bottom.
Property Facts
| Price | $5,624,352 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $803,479 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.40% | Building Size | 6,019 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1937/2017 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Zoning | R4, Los Angeles | ||
| Price | $5,624,352 CAD |
| Price Per Unit | $803,479 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Sale Condition | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,019 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1937/2017 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R4, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Wi-Fi
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Furnished Units Available
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 5 | - | - |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5089-005-010 | Improvements Assessment | $996,094 CAD |
| Land Assessment | $3,640,603 CAD | Total Assessment | $4,636,697 CAD |
Property Taxes
Parcel Number
5089-005-010
Land Assessment
$3,640,603 CAD
Improvements Assessment
$996,094 CAD
Total Assessment
$4,636,697 CAD
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744 Ridgeley Dr
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