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$1,999,000

Est. payment - /mo

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9 Beds

5 Baths

3,988 SqFt

New

2026 S Ridgeley Los Angeles, CA 90016

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Nick Ospina

nickospina.re@gmail.com +1(858) 228-0144

UPDATED:

Key Details

Property Type Single Family Home

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 3,988 sqft

Price per Sqft $501

MLS Listing ID SR26141875

Bedrooms 9

Full Baths 5

Year Built 1924

Lot Size 5,928 Sqft

Property Sub-Type All Other Attached

Property Description

Exceptional investment opportunity in the highly desirable Mid-City neighborhood, north of the 10 Freeway. This well-maintained quadraplex property offers four individually metered mixed units. All units are fully leased with long-term tenants, providing stable, immediate rental income and future upside potential. The property has undergone substantial capital improvements throughout, including updated flooring, drywall upgrades, newer heaters in select units, and remodeled kitchens and bathrooms in select units. All units feature newer water heaters, and the property has completed a full plumbing repipe. Additional improvements include exterior building paint and interior paint in select units. The property consists of two connected residential buildings. The front structure (Unit 1) is a single-story home built in 1924, approximately 936 sq ft. The rear building, constructed in 1962, contains three units totaling approximately 3,052 sq ft. Unit 2 is on the ground floor, while Units 3 and 4 are located upstairs. .Unit 1 (2 Bed/1 Bath) is rented for $2,362.21/month. Unit 2 (3 Bed/1 Bath) is rented for $1,411.82/month. Unit 3 (1 Bed/1 Bath) is rented for $918.72/month. Unit 4 (3 Bed/2 Bath) is rented for $2,808.22/month. The property includes four covered parking spaces (one per unit) located in the rear, an on-site community laundry room with two washers and one dryer, and a gated, low-maintenance front yard with poured concrete. Located in one of Los Angeles' most dynamic and rapidly evolving neighborhoods, the property benefits from ongoing redevelopment and new construct

Location

State CA

County Los Angeles

Direction From Washington Blvd, head south on Ridgeley Dr; property is located on the east side of the street.

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

View Y/N Yes

Water Access Desc Public

View Other/Remarks

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5063018006

Acceptable Financing Cash, Conventional, Exchange, Cash To Existing Loan, Cash To New Loan

Listing Terms Cash, Conventional, Exchange, Cash To Existing Loan, Cash To New Loan

Special Listing Condition Standard

Listed by Amel Tata, DRE#02042949 Beverly and Company

NEARBY SCHOOL & BUSINESS

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Nick Ospina

Agent | License ID: 02062323

+1(858) 228-0144