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2027 S Ridgeley Dr, Los Angeles, CA 90016
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2027 S Ridgeley Dr Los Angeles, CA 90016

$1,800,000 Sold Price as of 08/19/2022
  • 12 Beds
  • 0 Baths
  • 5,838 Sq.Ft.
Sold
$1,800,000 Sold Price as of 08/19/2022 Refinance Your Mortgage
Map preview of 2027 S Ridgeley Dr, Los Angeles, CA 90016

Property Overview: 2027 S Ridgeley Dr Los Angeles, CA has 12 bedrooms, -- bathrooms, 5,838 living square feet and 9,712 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This 8 unit property located near the corner of Washington and Ridgeley includes a mix of 1 bedroom and 2 bedroom rental units, three of which are Section 8 housing. It is central to many Los Angeles attractions: 8.9 miles to LAX, 4.3 miles to Beverly Hills, 3 miles to The Grove, and about half a mile to a big Target store. It is also within walking distance to the metro station on La Cienega. This property is a well-oiled working machine and has big income potential because of the location. The two bedroom units are renting for $1850 and the one bedroom units for $1450 with a rent increase of 3% every year. The property is paying for itself, nothing out pocket for the seller. The rental rates could be maximized - the seller was not able to maintain the yearly increase. The water heater was changed last year, 2020. The whole building was painted 5 years ago. In 2017, the roof was fixed for leaks, the roof of the carport was replaced, no major repairs.

Listed by Paulette Diaz | BRE #01350261 | Alta Realty Group CA
Last checked: 9 minutes ago | Last updated: September 16th, 2022 | Source CRMLS | DOM: 59

Home details

Lot Sq. Ft
9,712
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
TR21207392
City
Los Angeles
County
Los Angeles
Time on Site
972 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 7
  • # of Electric Meters: 8
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,135
  • Total Rent: $1,135
  • Pro Forma/Market Rent: $1,135
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,046
  • Total Rent: $1,046
  • Pro Forma/Market Rent: $1,046
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,039
  • Total Rent: $1,039
  • Pro Forma/Market Rent: $1,039
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,140
  • Total Rent: $1,140
  • Pro Forma/Market Rent: $1,140
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $112,713
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $1,157
  • Trash: $5,019
  • Gardener: $1,440
  • Insurance: $4,195
  • Maintenance: $5,087
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $4,868
  • Other Expense Description: LADWP

Property Details for 2027 S Ridgeley Dr

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: 6-10 Units/Acre, Front Yard, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5063025007
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: This property can be found near the corner of Washington and Ridgeley
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2027 S Ridgeley Dr

Last sold for $1,800,000 on August 19th, 2022

  • April, 2022

  • Apr 14, 2022

    Date

    Hold

    CRMLS: TR21207392

    $2,500,000

    Price

  • Dec 6, 2021

    Date

    Pending

    CRMLS: TR21207392

    $2,500,000

    Price

  • Oct 21, 2021

    Date

    Pending

    CRMLS: TR21207392

    $2,500,000

    Price

  • April, 2005

  • Apr 14, 2005

    Date

    Sold (Public Records)

    Public Records

    $960,000

    Price

Show More

Tax History for 2027 S Ridgeley Dr

Assessed Value (2020): $1,223,564
Year Land Value Improved Value Assessed Value
2020 $764,729 $458,835 $1,223,564

Home Value Compared to the Market

This property vs the competition

2027 S Ridgeley Dr sold on August 19, 2022 for 89.08% higher 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 $385.41 per/sqft which puts the price per square foot 48.95% lower than the current median sale per square foot for the city of Los Angeles.

About 2027 S Ridgeley Dr

Detailed summary of property

2027 S Ridgeley Dr is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 12 bedrooms, -- bathrooms, roughly 5,838 living square feet, and sits on an approximately 9,712 square foot lot. 2027 S Ridgeley Dr was first listed on ArdentRealEstateGroup.com on September 22, 2021. The homeowner sold the property for $1,800,000. 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 89.08% higher than the current median priced home. Local homes that are currently for sale include 2908 S Sycamore Ave, 1852 S La Brea Ave and 1358 S Cochran Ave. While the average home in Los Angeles, CA is selling in 93 days, 2027 S Ridgeley Dr has a days on market of 59 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 2027 S Ridgeley Dr Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2027 S Ridgeley Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
5,838
Lot Size
9,712
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
67
APN
5063-025-007

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
78
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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Thinking of Selling?
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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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