2027 S Ridgeley Drive, Los Angeles, CA 90016
Property
For sale now
2027 S Ridgeley Drive is on the market at $1,995,000 (12 bd · 8 ba · 5,838 sqft). See the current listing →
Sold August 2022
Listing Agent: Paulette Diaz (DRE #01350261) · Listing Office: Alta Realty Group CA · Contact: 888-504-5327 · Bought with: Paulette Diaz · Alta Realty Group CA · MLS #TR21207392 · Source: CRMLS
How this sale compares
2027 S Ridgeley Drive sold for $1,800,000 in August 2022, 20% under its $2,250,000 list price, after 59 days on the market. It was first listed at $2,500,000. Across 118 closed sales in 90016 over the last 12 months, the median sold price is $994,950 and the median is $658 per square foot.
| Quarter | Closed sales in 90016 | Median sold price |
|---|---|---|
| Q1 2026 | 8 | $1,045,000 |
| Q2 2026 | 67 | $950,000 |
| Q3 2026 | 43 | $1,030,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90016
About this property
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.
Listing description from the August 2022 sale, as reported to CRMLS.
Sale history
Recent sales near 2027 S Ridgeley Drive
- 1929 Carmona Avenue — Sold $950,000 · 2 bd · 1 ba · 1,161 sqft · Jul 2026 · 0.1 mi
- 2226 Hauser Boulevard — Sold $790,000 · 3 bd · 2 ba · 1,268 sqft · Jul 2026 · 0.2 mi
- 1917 S Marvin Avenue — Sold $1,280,000 · 3 bd · 2 ba · 1,456 sqft · Aug 2026 · 0.2 mi
- 5227 W 20th Street — Sold $1,200,000 · 2,734 sqft · Jul 2026 · 0.3 mi
- 2116 S Cloverdale — Sold $1,400,000 · 4 bd · 3 ba · 2,184 sqft · Aug 2026 · 0.3 mi
- 5187 W 21st Street — Sold $3,550,000 · Sep 2026 · 0.3 mi
- 2115 S Redondo — Sold $1,030,000 · 3 bd · 2 ba · 1,399 sqft · Aug 2026 · 0.3 mi
- 2430 S Cochran Avenue — Sold $1,090,000 · 3 bd · 2 ba · 1,340 sqft · Aug 2026 · 0.3 mi
MLS-reported closed sales in 90016, nearest first (last 12 months). All recent sales in Los Angeles →
Questions about 2027 S Ridgeley Drive
When did 2027 S Ridgeley Drive last sell?
2027 S Ridgeley Drive last sold in August 2022 for $1,800,000, according to CRMLS-reported closed sales.
What did 2027 S Ridgeley Drive sell for?
$1,800,000, 20% below the $2,250,000 list price, after 59 days on the market.
How does that compare to other Los Angeles sales?
118 homes closed in ZIP 90016 over the last 12 months at a median of $994,950 ($658 per square foot).
Is 2027 S Ridgeley Drive for sale now?
Yes — 2027 S Ridgeley Drive is currently on the market at $1,995,000. Open the current listing on Nalren for photos, details and the listing agent.