1333 S Ridgeley Drive, Los Angeles, CA 90019

About this single-family home

Priced at land value. Seller will provide RTI/"shovel ready" well designed plans to build approximately a 4,564 SF Side by Side Modern Duplex (3+2.5+ Loft ea.) in Miracle Mile. Project is SB8 Approved and is designed for individual resale with a Condo map/Parcel Map in mind. Pro-Forma for rents are $8000/mo per unit x2 = $16,000/mo and a resale value of $1,850,000 each x 2 = $3,700,000. - Delivered Vacant! SECOND OPPORTUNITY- Buyer to amend sellers plans to add 2 x 2 story ADU's in the back to build a 4 unit rental property with projections of $23,000/mo in gross rental income- Buyer to verify.

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history

$1,200,000

Sold March 2023 · listed $1,225,000, on market February 2023 · MLS #23239347 · Source: CRMLS

Listing Agent: Michael Kafaei · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Aaron Belliston · BMR Enterprises

$1,200,000

Sold March 2023 · listed $1,224,900, on market February 2023 · MLS #23239263 · Source: CRMLS

Listing Agent: Michael Kafaei · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Aaron Belliston · BMR Enterprises

$1,075,000

Sold February 2022 · listed $1,050,000, orig. $999,997, on market September 2021 · MLS #21781500 · Source: CRMLS

Listing Agent: Taunee English · Listing Office: eXp Realty of California Inc · Contact: 323-319-2176 · Bought with: Michael Kafaei · Keller Williams Beverly Hills

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