P
Seller's Agent in 2022
Paulette Diaz
Century 21 Masters
(909) 263-3995
1 in this area
6 Total Sales
2027 S Ridgeley Dr Los Angeles, CA 90016
Mid-City Neighborhood
12
Beds
--
Bath
5,838
Sq Ft
9,712
Sq Ft Lot
Highlights
- Property is near public transit
- Laundry Room
- Front Yard
About This Home
As of August 2022This 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.
Last Agent to Sell the Property
Century 21 Masters License #01350261 Listed on: 09/21/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 9,712 Sq Ft Lot
- Two or More Common Walls
- Front Yard
- Density is 6-10 Units/Acre
Home Design
- 5,838 Sq Ft Home
- Property Attached
Parking
- 4 Open Parking Spaces
- 8 Parking Spaces
- 4 Carport Spaces
- Parking Available
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- 12 Bedrooms
- Laundry Room
- Property is near public transit
Listing and Financial Details
- Tax Lot 67
- Tax Tract Number 4187
- Assessor Parcel Number 5063025007
- $1,193 per year additional tax assessments
Community Details
Building Details
- 7 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Fuel Expense $1,157
- Gardener Expense $1,440
- Insurance Expense $4,195
- Maintenance Expense $5,087
- Other Expense $4,868
- Trash Expense $5,019
Additional Features
- 8 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2022 08/19/22 | Sold | $1,800,000 | -20.0% | $308 / Sq Ft |
| 07/14/2022 07/14/22 | For Sale | $2,250,000 | +25.0% | $385 / Sq Ft |
| 06/14/2022 06/14/22 | Off Market | $1,800,000 | -- | -- |
| 06/07/2022 06/07/22 | For Sale | $2,250,000 | +25.0% | $385 / Sq Ft |
| 04/14/2022 04/14/22 | Off Market | $1,800,000 | -- | -- |
| 04/14/2022 04/14/22 | For Sale | $2,250,000 | 0.0% | $385 / Sq Ft |
| 12/06/2021 12/06/21 | Price Changed | $2,250,000 | +25.0% | $385 / Sq Ft |
| 11/23/2021 11/23/21 | Pending | -- | -- | -- |
| 10/12/2021 10/12/21 | Pending | -- | -- | -- |
| 10/12/2021 10/12/21 | Off Market | $1,800,000 | -- | -- |
| 10/07/2021 10/07/21 | Price Changed | $2,250,000 | -10.0% | $385 / Sq Ft |
| 09/21/2021 09/21/21 | For Sale | $2,500,000 | -- | $428 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Paulette Diaz
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR21207392
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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