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16-Bedroom Residential Income - 2325 S Ridgeley Drive, Los Angeles, CA

$1,825,000

2325 S Ridgeley Drive, Los Angeles, CA

MLS# 26102592

2325 S Ridgeley Drive, Los Angeles, CA 90016 - $1,825,000 · 16 bd 8 ba Multi-Family Home for Sale, photo 1 2325 S Ridgeley Drive, Los Angeles, CA 90016 - $1,825,000 · 16 bd 8 ba Multi-Family Home for Sale, photo 2 2325 S Ridgeley Drive, Los Angeles, CA 90016 - $1,825,000 · 16 bd 8 ba Multi-Family Home for Sale, photo 3 2325 S Ridgeley Drive, Los Angeles, CA 90016 - $1,825,000 · 16 bd 8 ba Multi-Family Home for Sale, photo 4 2325 S Ridgeley Drive, Los Angeles, CA 90016 - $1,825,000 · 16 bd 8 ba Multi-Family Home for Sale, photo 5
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Description

2nd Price Reduction! Large 7,152 SF 8-Unit value-add building cash flowing at a Current 4.5% Cap Rate with a whopping 97% upside to a 11% Cap on Proforma! Attractively priced at only $228k/unit for entirely 2-bedroom units and only $255/SF. Large 9,500 SF lot with plans to add 8 detached ADUs to achieve an incredible 9.7% Current Cap Rate, 14.2% Proforma Cap, $158k/unit, and only $258/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.

Property details

Bedrooms
16
Bathrooms
8
Square feet
7,152
Year built
1965
Property type
Residential Income
Lot size
9,500 sqft

Location

2325 S Ridgeley Drive • Los Angeles, CA 90016

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Listing Agent

Armin Soleimani

DRE #: 01846872

Brokerage: Global Platinum Properties, Inc.

Julio Ruiz

Co-Listing Agent

DRE #: 01911261

Brokerage: Global Platinum Properties, Inc.

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CRMLS

MLS# 26102592

Listed: 10/15/2026 10:06 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/15/2026 5:09 PM. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Global Platinum Properties, Inc.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715