1323 S Ridgeley Drive, Los Angeles, CA 90019

$2,795,000 Approx. USD 15 beds, 10 baths
6,029 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Agent Remarks

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

Price: $2,795,000

Beds: 15

Baths: 10

6,029 sqft

2 stories

0.15 acres

Lot size: 0.1519

County: Los Angeles