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32272946
32272943

1269 South Ridgeley Drive, Los Angeles, CA 90019

Berkshire Hathaway HomeServices California Properties
Listed by Berkshire Hathaway HomeServices California Properties
$1,795,000
33 days on market
Updated 33 days ago

1269 South Ridgeley Drive

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,564
Units 4
Beds 8
Cap Rate 4.21%
NOI $75,567
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 10.09%
Pro-Forma NOI $181,065
Price per SqFt $393
Year Built 1946
Lot Size (SqFt) 6,778
Zoning LAR2
Investment Type Value Add

Core Hollywood | ADU Potential | 4 Units

Marketing description

Call/Email, Chris Newell for OM & Financials 310-993-9213, [email protected]

Located on a quiet, tree-lined street just South of San Vicente Blvd, 1269 S Ridgeley Dr. is a well-located 4-unit multifamily asset in one of Los Angeles' most central and connected neighborhoods. Built in 1946, the property consists of Four 2-bed/1-bath units, each unit exceeding 1,100 square feet. Moments from Miracle Mile, Museum Row, The Grove, and other Iconic Los Angeles destinations. The surrounding area continues to benefit from significant nearby investment, including new medical, multifamily, retail, and mixed-use development that further supports long-term rental demand and neighborhood value. The large double garage at the rear of the property will be delivered vacant and presents a clear ADU conversion opportunity. Along with updated ADU laws and density incentives the new owner has the opportunity to increase unit count, improve income, and reposition the asset over time. With its central location, oversized units, neighborhood feel, and proximity to major healthcare, cultural, retail, and residential investment, 1269 S Ridgeley Dr. offers a compelling opportunity for investors seeking stability with meaningful upside.

Listing Contacts

Berkshire Hathaway HomeServices California Properties
Listed by Berkshire Hathaway HomeServices California Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$75,567.00
$6,297.25/mo

Valuation Metrics

0
DSCR
4.21%
Cap Rate
4.21%
ROI

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Additional Information

Name
Christopher Newell
License
02098665
Brokerage
Berkshire Hathaway HomeServices California Properties
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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