Est. cap rate

4.3%

Assumed rent, all units

$10,640/mo

Units

4

Price per unit

$375,000

Est. annual NOI

$63,840

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,560 sqft

Lot size

5,803 sqft

Year built

1922

Stories

2

Garage spaces

1

Heating

None

Cooling

None

Pool

None

Status

Active

Days on market

24

MLS #

241386800

About this property

FIXER | FULL REHAB OPPORTUNITY | VACANT 4-UNIT | PRIME HOLLYWOOD LOCATION. Welcome to 812 N Ridgewood Pl — a rare opportunity to acquire a fully vacant 4-unit property in one of Los Angeles’ most desirable rental markets. This property is ready for a complete remodel, with demo already completed, allowing the next owner to immediately begin construction and bring their vision to life. Ideal for investors, developers, and contractors, this is a true value-add project with significant upside potential. With all units delivered vacant, buyers have the flexibility to renovate and lease at top market rents or reposition the asset for long-term appreciation. Located in a prime area near Larchmont Village, the property benefits from strong rental demand and proximity to shopping, dining, and entertainment. Just minutes from Hollywood Walk of Fame and major studios, this location continues to attract tenants seeking central access to everything Los Angeles has to offer. Convenient access to major thoroughfares makes commuting simple and efficient. This is a blank canvas investment opportunity — perfect for a fix & flip, BRRRR strategy, or long-term hold in a high-demand rental corridor. Sold as-is. Cash or hard money preferred due to condition.

Location

812 N Ridgewood

Los Angeles, Los Angeles, CA, 90038