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1323 S Ridgeley Drive Los Angeles, CA 90019
$2,795,000 15 beds, 10 baths
6, 029 sqft
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1323 S Ridgeley Dr presents a rare opportunity to acquire a stable, income-producing asset with long-term upside potential. Affectionately nicknamed the "Cash Cow," this property offers both abundant rental income and future growth opportunities. Built in 1958, this well-maintained two-story building features five spacious 3-bedroom, 2-bathroom units. The property has been thoughtfully cared for and improved over the years, featuring upgrades to three kitchens and four bathrooms, a recently renovated balcony, a completed retrofit, and fresh exterior paint. Each unit offers generous in-unit storage, its own designated parking space, access to a shared backyard seating area, and on-site laundry facilities. All contribute to strong tenant retention and reduced vacancy rates. The outdoor area also presents potential development opportunities (buyer to verify), adding further upside to an already solid investment. Situated near popular cafes, The Grove, restaurants, and neighborhood spas. In an area that continues to see increasing desirability, this property is well-positioned for sustained demand and appreciation. An exceptional addition to any investment portfolio, especially for those who are focused on cash flow and long-term growth.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26658983
List price is $2,795,000
Beds: 15
Baths: 10
6,029 sqft
2 stories
0.15 acres
Lot size: 0.1519
County: Los Angeles
Zoning: LAR2
Interior features: Ceiling Fan(s)
Appliances: Barbecue,Dishwasher,Microwave,Refrigerator,Dryer,Washer
Parking description: Attached Carport
Heating/cooling: None
Heating description: Central
MLS area: C19 - Beverly Center-Miracle Mile

Last Updated: 3/18/2026

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This listing belongs to the C19 - Beverly Center-Miracle Mile MLS area

Lat/Long: 34.050420, -118.355372.
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Listing Agent: Chloe Simon
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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