$1.59M
2416 Ridgeley Drive, Los Angeles, CA 90016
Apartment
Description
Opportunity 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.
Property Details
Lot Size
9,647 sqft
Year Built
1945
Garage
6 car
Stories
2
Price History
Listed
Oct 24, 2023
$1.59M
Sold
Mar 8, 2024
$1.52M
$-70,000
Location
Location Scores
What's Nearby
Restaurants, parks, schools, and more within 3 km. Powered by Google Places.
Father's Office
3229 Helms Avenue, Los Angeles
Cafe Club Fais Do-Do
5257 West Adams Boulevard, Los Angeles
Wingstop
4725 Venice Boulevard, Los Angeles
Versailles Cuban Food- La Cienega Blvd
1415 South La Cienega Boulevard, Los Angeles
El Pollo Loco
1833 South La Cienega Boulevard, Los Angeles
Bloom Restaurant
5544 West Pico Boulevard, Los Angeles
Rosalind's
1044 South Fairfax Avenue, Los Angeles
Subway
3627 South La Brea Avenue, Los Angeles
8 places within 3 km · Google Places
Listed by Cameron Samimi — Lyon Stahl Investment Real Estate, Inc. (MLS# SBSAMICAM)
MLS# SB23189376
Listing data provided by CRMLS (California Regional Multiple Listing Service). Based on information from CRMLS as of 5/20/2026. 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Rose District — DRE# 02356332
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Estimated Monthly Payment
$9,838.20
per month
Loan Amount
$1,276,000
Down Payment
$319,000
Total Interest
$1,703,400
Total Cost
$3,541,750
Rose District
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$1.59M
2416 Ridgeley Drive, Los Angeles, CA 90016