Seller's Agent in 2024
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
4 in this area
197 Total Sales
2416 S Ridgeley Dr Los Angeles, CA 90016
Mid-City Neighborhood
12
Beds
6
Baths
5,896
Sq Ft
9,647
Sq Ft Lot
About This Home
As of March 2024Opportunity to own in one of most rapidly
appreciating neighborhoods in all of Los Angeles! 2416
S Ridgeley Dr is a 6-unit apartment building situated in
the heart of flourishing West Adams. Currently
operating at a 5.37% CAP and 11.61 GRM, the subject
property is ideal for any investor looking for strong day
1 income with plenty of room to grow rents.
2416 S Ridgeley Dr is comprised of (6) 2-Bed/1-Bath
units - (1) Unit is currently vacant and (1) unit is a Sec.
8 tenant. There are (3) two-car garages spaces for a
total of 6 parking spots.
The subject property is only minutes from trendy
Downtown Culver City, Downtown Los Angeles and the
city's metro line. Renters will enjoy the proximity to the
10 , 405 and 110 freeways, making commuting in Los
Angeles a breeze. This is an excellent opportunity to
acquire an investment property with strong income
and future upside in rents and the neighborhood.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 10/24/2023
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 10/24/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1945
Lot Details
- 9,647 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,896 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 32
- Tax Tract Number 4187
- Assessor Parcel Number 5063020011
Community Details
Overview
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $47,592
- Gross Income $137,424
- Net Operating Income $85,710
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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/08/2024 03/08/24 | Sold | $1,525,000 | -4.4% | $259 / Sq Ft | |
| 01/09/2024 01/09/24 | For Sale | $1,595,000 | +4.6% | $271 / Sq Ft | |
| 12/21/2023 12/21/23 | Off Market | $1,525,000 | -- | -- | |
| 11/28/2023 11/28/23 | For Sale | $1,595,000 | +4.6% | $271 / Sq Ft | |
| 11/22/2023 11/22/23 | Off Market | $1,525,000 | -- | -- | |
| 11/01/2023 11/01/23 | For Sale | $1,595,000 | +4.6% | $271 / Sq Ft | |
| 10/30/2023 10/30/23 | Off Market | $1,525,000 | -- | -- | |
| 10/24/2023 10/24/23 | For Sale | $1,595,000 | +22.7% | $271 / Sq Ft | |
| 01/13/2023 01/13/23 | Sold | $1,300,000 | -16.1% | $220 / Sq Ft | View Prior Sale |
| 11/23/2022 11/23/22 | Pending | -- | -- | -- | |
| 10/28/2022 10/28/22 | For Sale | $1,550,000 | 0.0% | $263 / Sq Ft | |
| 10/07/2022 10/07/22 | Pending | -- | -- | -- | |
| 10/07/2022 10/07/22 | For Sale | $1,550,000 | +19.2% | $263 / Sq Ft | |
| 09/08/2022 09/08/22 | Off Market | $1,300,000 | -- | -- | |
| 09/08/2022 09/08/22 | For Sale | $1,550,000 | 0.0% | $263 / Sq Ft | |
| 08/15/2022 08/15/22 | Pending | -- | -- | -- | |
| 08/11/2022 08/11/22 | Price Changed | $1,550,000 | 0.0% | $263 / Sq Ft | |
| 08/11/2022 08/11/22 | For Sale | $1,550,000 | -8.8% | $263 / Sq Ft | |
| 07/12/2022 07/12/22 | Pending | -- | -- | -- | |
| 06/29/2022 06/29/22 | For Sale | $1,700,000 | -- | $288 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Cameron Samimi
-
Carolyn Bryant
C
Seller's Agent in 2023
Carolyn Bryant
Carolyn Bryant
(323) 363-4853
1 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23189376
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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