2027 S Ridgeley Dr, Los Angeles, CA 90016
2027 S Ridgeley Dr, Los Angeles, CA 90016
2027 S Ridgeley Dr, Los Angeles, CA 90016
2027 S Ridgeley Dr, Los Angeles, CA 90016
2027 S Ridgeley Dr, Los Angeles, CA 90016
2027 S Ridgeley Dr, Los Angeles, CA 90016
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$ 1,949,000
Est. payment | /mo

5,838 SqFt


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$ 1,949,000
Est. payment | /mo
Save

5,838 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,838 sqft

Price per Sqft $333

MLS Listing ID 26874421

Year Built 1957

Lot Size 9,715 Sqft

Acres 0.223

Property Description

2027 S Ridgeley Dr is a multifamily property constructed in 1957 on a 9,712 square foot lot, with a total building size of 5,838 square feet. The property features a favorable, balanced unit mix of 4 two-bedroom/ one-bathroom units and 4 one-bedroom/one-bathroom units, along with laundry facilities and 8 on site parking spaces, a meaningful amenity in a submarket where on-site laundry and off-street parking is limited. The property currently will have only one vacancy effective October 1, 2026, providing a buyer with immediate, stabilized cash flow at close of escrow. A new owner can capitalize on this stability while positioning for long-term rent growth as natural turnover occurs in a submarket where new competitive supply remains constrained. Situated in Mid-City, 2027 S Ridgeley Dr benefits from excellent connectivity, with direct access to the I-10 Freeway and multiple nearby Metro bus stops connecting residents to Downtown Los Angeles, Culver City, and the greater Westside. The surrounding neighborhood offers convenient proximity to the retail and dining corridors along La Cienega and Pico Boulevards, adding to the property's appeal for a broad renter base.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Interior

Heating Wall

Laundry Community

Exterior

Garage Spaces 8.0

Building

Story 2

Water District

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by CBRE

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida 32202, United States

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2027 S Ridgeley Dr