2325 S Ridgeley Drive, Los Angeles, CA 90016
2325 S Ridgeley Drive, Los Angeles, CA 90016
2325 S Ridgeley Drive, Los Angeles, CA 90016
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$1,825,000
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7,152 SqFt
New

2325 S Ridgeley Drive Los Angeles, CA 90016

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Grant Inaba

Grant Inaba

+1(415) 992-2330

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,152 sqft

Price per Sqft $255

MLS Listing ID CL26102592

HOA Y/N No

Year Built 1965

Lot Size 9,500 Sqft

Acres 0.2181

Property Sub-Type Other

Property Description

2nd Price Reduction! Large 7,152 SF 8-Unit value-add building cash flowing at a Current 4.5% Cap Rate with a whopping 97% upside to a 11% Cap on Proforma! Attractively priced at only $228k/unit for entirely 2-bedroom units and only $255/SF. Large 9,500 SF lot with plans to add 8 detached ADUs to achieve an incredible 9.7% Current Cap Rate, 14.2% Proforma Cap, $158k/unit, and only $258/SF after taking into account all the construction costs (~715k assuming $250/SF). The exterior of the property has undergone detailed renovations and features on-site parking as well as an updated laundry room. Electricity and gas are individually metered which minimizes operating expenses. Prime Mid-City location just minutes away from Beverly Hills, Culver City, West Adams, as well as many hip neighborhood attractions, restaurants, bars, shops, such as Cento Pasta Bar, The Blending Lab Winery, Tartine Bakery, Farmhouse Kitchen Thai Cuisine, Mu. S Coffee, Cumulus luxury 31-story 1,210 unit mixed-use project, 260 units Habitat Residences campus with retail and creative office, and much more.

Location

State CA

County Los Angeles

Zoning LARD1.5

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 5063023008

Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Armin Soleimani • Global Platinum Properties, Inc.

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Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

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2325 S Ridgeley Drive

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