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1553 S Ridgeley Dr, Los Angeles, CA 90019
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1553 S Ridgeley Dr Los Angeles, CA 90019

$990,000 Sold Price as of 01/14/2022
  • 4 Beds
  • 4 Baths
  • 2,458 Sq.Ft.
Sold
$990,000 Sold Price as of 01/14/2022 Refinance Your Mortgage
Map preview of 1553 S Ridgeley Dr, Los Angeles, CA 90019

Property Overview: 1553 S Ridgeley Dr Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,458 living square feet and 4,748 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to purchase a fourplex building in the Mid-City neighborhood of Los Angeles. The property consist of one 2 bedroom, 1 bath unit; two 1 bedroom, 1 bath units and a studio apartment. The building is fully occupied and all tenants are on a Month -To- Month Tenancy. The 2 bedroom unit has been updated within the last 2 years. Per the sellers there is a parking structure in the rear with one parking space per unit. This building has plenty of upside and could be a welcome addition to your income property investments or a great building to start investing.

Listed by Michael Selma | BRE #01481094 | Rodeo Realty- Brentwood
Last checked: 7 minutes ago | Last updated: January 3rd, 2024 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
4,748
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21105004
City
Los Angeles
County
Los Angeles
Time on Site
907 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $680
  • Total Rent: $681
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $580
  • Total Rent: $578
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $820
  • Total Rent: $821
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 22
  • Gross Scheduled Income: --
  • Net Operating Income: $44,460
  • Gross Operating Income: $48,960
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1553 S Ridgeley Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Detached Carport, Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5069031022
  • Year Built Source: Assessor
  • Architectural Style: French
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Venice Blvd. to Ridgeley Drive (North)
View more facts & features

Local Los Angeles Agent

Sale History for 1553 S Ridgeley Dr

Last sold for $990,000 on January 14th, 2022

  • January, 2022

  • Jan 14, 2022

    Date

    Sold

    CRMLS: 21105004

    $990,000

    Price

  • Nov 12, 2021

    Date

    Active

    CRMLS: 21105004

    $1,100,000

    Price

Tax History for 1553 S Ridgeley Dr

Assessed Value (2020): $89,582
Year Land Value Improved Value Assessed Value
2020 $34,483 $55,099 $89,582

Home Value Compared to the Market

This property vs the competition

1553 S Ridgeley Dr sold on January 14, 2022 for 7.56% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $447.52 per/sqft which puts the price per square foot 40.73% lower than the current median sale per square foot for the city of Los Angeles.

About 1553 S Ridgeley Dr

Detailed summary of property

1553 S Ridgeley Dr is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,458 living square feet, and sits on an approximately 4,748 square foot lot. 1553 S Ridgeley Dr was first listed on ArdentRealEstateGroup.com on November 14, 2021. The homeowner sold the property for $990,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.56% lower than the current median priced home. Local homes that are currently for sale include 2000 7th Ave, 2015 6th Ave and 3023 Obama Blvd. While the average home in Los Angeles, CA is selling in 94 days, 1553 S Ridgeley Dr has a days on market of 31 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1553 S Ridgeley Dr Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1553 S Ridgeley Dr

Public county record property details
Beds
4
Baths
4
Year built
1956
Sq. Ft.
2,458
Lot Size
4,747
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5069-031-022

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
67
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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