1323 S Ridgeley DR, Los Angeles, CA 90019
1323 S Ridgeley DR, Los Angeles, CA 90019
1323 S Ridgeley DR, Los Angeles, CA 90019
1323 S Ridgeley DR, Los Angeles, CA 90019
1323 S Ridgeley DR, Los Angeles, CA 90019
1323 S Ridgeley DR, Los Angeles, CA 90019
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 2,795,000
Est. payment | /mo

15 Beds

10 Baths

6,029 SqFt

Save
$ 2,795,000
Est. payment | /mo
Save

15 Beds

10 Baths

6,029 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,029 sqft

Price per Sqft $463

MLS Listing ID 26658983

Bedrooms 15

HOA Y/N No

Lot Size 6,616 Sqft

Property Description

1323 S Ridgeley Dr presents a rare opportunity to acquire a stable, income-producing asset with long-term upside potential. Affectionately nicknamed the "Cash Cow," this property offers both abundant rental income and future growth opportunities. Built in 1958, this well-maintained two-story building features five spacious 3-bedroom, 2-bathroom units. The property has been thoughtfully cared for and improved over the years, featuring upgrades to three kitchens and four bathrooms, a recently renovated balcony, a completed retrofit, and fresh exterior paint. Each unit offers generous in-unit storage, its own designated parking space, access to a shared backyard seating area, and on-site laundry facilities. All contribute to strong tenant retention and reduced vacancy rates. The outdoor area also presents potential development opportunities (buyer to verify), adding further upside to an already solid investment. Situated near popular cafes, The Grove, restaurants, and neighborhood spas. In an area that continues to see increasing desirability, this property is well-positioned for sustained demand and appreciation. An exceptional addition to any investment portfolio, especially for those who are focused on cash flow and long-term growth.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR2

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling None

Fireplace No

Appliance Barbecue, Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Attached Carport

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5085032041

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Chloe Simon Sotheby's International Realty #02220750

Nearby Locations

Sam Mu

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

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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1323 S Ridgeley DR