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2539 S Ridgeley Dr, Los Angeles, CA 90016
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2539 S Ridgeley Dr Los Angeles, CA 90016

$765,000 Sold Price as of 10/22/2019
  • 4 Beds
  • 3 Baths
  • 2,018 Sq.Ft.
Sold
$765,000 Sold Price as of 10/22/2019 Refinance Your Mortgage
Map preview of 2539 S Ridgeley Dr, Los Angeles, CA 90016

Property Overview: 2539 S Ridgeley Dr Los Angeles, CA has 4 bedrooms, 3 bathrooms, 2,018 living square feet and 6,335 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent opportunity to own or invest in West Adams area, one of the most rapidly transforming neighborhoods of Los Angeles. Live in the back, rent the front for rental income. First time on the market since 1987. This 3 unit multifamily property features a front duplex each 1 bedroom 1 bath side by side units about 1400 SF. Back building features 2 bedrooms 1 bath about 600 SF. Each unit has an open concept kitchen, living room and dining room floor plan with washer and dryer. Large lot zoned LARD1.5 which allows you to build up to 4 units and just under 6400 SqFt lot. There is a 3-car garage currently being used by owner for storage which can be rented for additional income. Great location and in proximity to LA Rams Stadium, LAX, Expo line and major freeways. Tech companies are moving to this area which is evidence of the long term investment strategy and investor confidence in the growth of this part of Los Angeles. Rear unit and storage units delivered vacant at close of escrow.

Listed by Melissa Macfadyen | BRE #01005574 | Compass
Co-listed by Heidi Tejeda | BRE #02008892 | Compass
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 109

Home details

Lot Sq. Ft
6,335
HOA Dues
$0/mo
Year built
1924
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
18415534
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: --
  • Net Operating Income: $39,000
  • Gross Operating Income: $60,000
  • Improvements Total: $96,713
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2539 S Ridgeley Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5043001022
Location / Neighborhood
Location Information
  • Directions: N. of W. Adams. E. of Hauser Blvd. W. of La Brea
View more facts & features

Local Los Angeles Agent

Sale History for 2539 S Ridgeley Dr

Last sold for $765,000 on October 22nd, 2019

  • October, 2019

  • Oct 23, 2019

    Date

    Sold

    CRMLS: 18415534

    $765,000

    Price

  • Jul 23, 2019

    Date

    Pending

    CRMLS: 18415534

    $830,000

    Price

  • Apr 2, 2019

    Date

    Active Under Contract

    CRMLS: 18415534

    $830,000

    Price

  • Mar 8, 2019

    Date

    Price Change

    CRMLS: 18415534

    $830,000

    Price

  • Feb 19, 2019

    Date

    Price Change

    CRMLS: 18415534

    $750,000

    Price

  • Jan 23, 2019

    Date

    Price Change

    CRMLS: 18415534

    $800,000

    Price

  • Jan 4, 2019

    Date

    Price Change

    CRMLS: 18415534

    $830,000

    Price

  • Dec 14, 2018

    Date

    Active

    CRMLS: 18415534

    $850,000

    Price

  • October, 2019

  • Oct 22, 2019

    Date

    Sold (Public Records)

    Public Records

    $765,000

    Price

Show More

Tax History for 2539 S Ridgeley Dr

Assessed Value (2020): $765,260
Year Land Value Improved Value Assessed Value
2020 $600,000 $165,260 $765,260

Home Value Compared to the Market

This property vs the competition

2539 S Ridgeley Dr sold on October 22, 2019 for 30.25% 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 $411.3 per/sqft which puts the price per square foot 45.52% lower than the current median sale per square foot for the city of Los Angeles.

About 2539 S Ridgeley Dr

Detailed summary of property

2539 S Ridgeley Dr is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 2,018 living square feet, and sits on an approximately 6,335 square foot lot. 2539 S Ridgeley Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $765,000. 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 30.25% lower than the current median priced home. Local homes that are currently for sale include 6059 Madden Ave, 2001 Cambridge St and 3318 W 66th Pl. While the average home in Los Angeles, CA is selling in 94 days, 2539 S Ridgeley Dr has a days on market of 109 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2539 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 2539 S Ridgeley Dr

Public county record property details
Beds
4
Baths
3
Year built
1924
Sq. Ft.
2,018
Lot Size
6,302
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
5043-001-022

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
$1,060,000
Median List Price/Sq.Ft.
$740
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
76
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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Recently Sold Homes Near 2539 S Ridgeley Dr

2532 Hauser Blvd, Los Angeles, CA 90016
$1,000,000 Last Sold Price
8 Beds
6 Baths
4382 Sq.Ft.
2532 Hauser Blvd
Los Angeles, CA 90016
2536 Hauser, Los Angeles, CA 90016
$710,000 Last Sold Price
3 Beds
3 Baths
1740 Sq.Ft.
2536 Hauser
Los Angeles, CA 90016
2529 Hauser Blvd, Los Angeles, CA 90016
$800,000 Last Sold Price
2 Beds
5 Baths
2735 Sq.Ft.
2529 Hauser Blvd
Los Angeles, CA 90016
2631 S Burnside Ave, Los Angeles, CA 90016
$1,125,000 Last Sold Price
4 Beds
2 Baths
1728 Sq.Ft.
2631 S Burnside Ave
Los Angeles, CA 90016

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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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