2325 S Ridgeley Drive, Los Angeles, CA 90016

• 7,152 sqft

Property Description

Price Reduction! Large 7,152 SF 8-Unit value-add building cash flowing at a Current 4.25% Cap Rate with a whopping 100% upside to a 10.6% Cap on Proforma! Attractively priced at only 234k/unit for entirely 2-bedroom units and only $262/SF. Large 9,500 SF lot with plans to add 8 detached ADUs to achieve an incredible 12.8% Current Cap Rate, 19% Proforma Cap, 161k/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.

Listing Status:

Active

Date Added:

July 1, 2026

Data Last Updated:

August 24, 2026 at 6:06PM

Listing Office:

Global Platinum Properties, Inc. : 424-394-1030

Listing Agent:

Julio Ruiz : 818-524-0706

MLS ID:

CL26854775

Interior

• Heating: Wall Furnace

Exterior

• Parking: Other

Location

• County: Los Angeles

Lot

• Zoning: LARD1.55063023008