714-745-2708

2325 S Ridgeley Drive, Los Angeles, CA 90016

$1,795,000 Approx. USD 16 beds, 8 baths
7,152 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Armin Soleimani | arminsoleimani@gmail.com
Lic#: 01846872
Broker: Courtesy of Global Platinum Properties, Inc.
Phone: 310-666-2246

Co Listing Agent

Julio Ruiz | ziuroiluj@gmail.com
Lic#: 01911261
Broker: Courtesy of Global Platinum Properties, Inc.
Phone: 818-524-0706

Agent Remarks

3rd Price Reduction! Large 7,152 SF 8-Unit value-add building cash flowing at a Current 4.75% Cap Rate with a whopping 93% upside to an 11.2% Cap on Proforma! Attractively priced at under $225k/unit for entirely 2-bedroom units and only $250/SF. Large 9,500 SF lot with plans to add 8 detached ADUs to achieve an incredible 9.9% Current Cap Rate, 14.4% Proforma Cap, $156k/unit, and only $250/SF after taking into account all the construction costs (~715k assuming $250/SF). The exterior of the property has undergone detailed renovations and features on-site parking as well as an updated laundry room. Electricity and gas are individually metered which minimizes operating expenses. Prime Mid-City location just minutes away from Beverly Hills, Culver City, West Adams, as well as many hip neighborhood attractions, restaurants, bars, shops, such as Cento Pasta Bar, The Blending Lab Winery, Tartine Bakery, Farmhouse Kitchen Thai Cuisine, Mu. S Coffee, Cumulus luxury 31-story 1,210 unit mixed-use project, 260 units Habitat Residences campus with retail and creative office, and much more.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26102592

List price is $1,795,000 Reduced by $30,000 on 10/28/2026

Price: $1,795,000

Beds: 16

Baths: 8

Built in 1965

7,152 sqft

2 stories

0.22 acres

Lot size: 0.2181

County: Los Angeles

Zoning: LARD1.5

Parking description: Gated

Heating description: Wall Furnace

MLS area: C16 - Mid Los Angeles

Last Updated: 11/5/2026

Days On Market (DOM): 22

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.035523, -118.360784.
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