2027 S Ridgeley Drive
Los Angeles, CA 90016
- – beds
- – baths
- – sqft
- 9,712 sqft lot
- 1957 build
- – on site
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This 8 unit property located near the corner of Washington and Ridgeley includes a mix of 1 bedroom and 2 bedroom rental units, three of which are Section 8 housing. It is central to many Los Angeles attractions: 8.9 miles to LAX, 4.3 miles to Beverly Hills, 3 miles to The Grove, and about half a mile to a big Target store. It is also within walking distance to the metro station on La Cienega. This property is a well-oiled working machine and has big income potential because of the location. The two bedroom units are renting for $1850 and the one bedroom units for $1450 with a rent increase of 3% every year. The property is paying for itself, nothing out pocket for the seller. The rental rates could be maximized - the seller was not able to maintain the yearly increase. The water heater was changed last year, 2020. The whole building was painted 5 years ago. In 2017, the roof was fixed for leaks, the roof of the carport was replaced, no major repairs.
Listed By CRMLS_CA / Paulette Diaz / Alta Realty Group CA
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Last updated Aug 24, 2023
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MLS# TR21207392 —
Walk Score®
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Soundscore™
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Max Internet Speed
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/19/22
Aug 19, 2022
|
Sold | CRMLS_CA | $1,800,000 | -20.0% |
4/14/22
Apr 14, 2022
|
Relisted | CRMLS_CA | $2,250,000 | |
10/20/21
Oct 20, 2021
|
Pending | CRMLS_CA | $2,250,000 |