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$ 1,949,000
Est. payment | /mo
9,713 Sqft Lot
$ 1,949,000
Est. payment | /mo
9,713 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26874421
HOA Y/N No
Year Built 1957
Lot Size 9,713 Sqft
Property Description
2027 S Ridgeley Dr is a multifamily property constructed in 1957 on a 9,712 square foot lot, with a total building size of 5,838 square feet. The property features a favorable, balanced unit mix of 4 two-bedroom/ one-bathroom units and 4 one-bedroom/one-bathroom units, along with laundry facilities and 8 on site parking spaces, a meaningful amenity in a submarket where on-site laundry and off-street parking is limited. The property currently will have only one vacancy effective October 1, 2026, providing a buyer with immediate, stabilized cash flow at close of escrow. A new owner can capitalize on this stability while positioning for long-term rent growth as natural turnover occurs in a submarket where new competitive supply remains constrained. Situated in Mid-City, 2027 S Ridgeley Dr benefits from excellent connectivity, with direct access to the I-10 Freeway and multiple nearby Metro bus stops connecting residents to Downtown Los Angeles, Culver City, and the greater Westside. The surrounding neighborhood offers convenient proximity to the retail and dining corridors along La Cienega and Pico Boulevards, adding to the property's appeal for a broad renter base.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Total Parking Spaces 8
Building
Story 2
Water Public
Others
Tax ID 5063025007
Security Features Security Gate
Special Listing Condition Standard
Listed by Jenny Eng CBRE #01931224
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