Est. cap rate

3.4%

Assumed rent, all units

$10,880/mo

Units

4

Price per unit

$474,750

Est. annual NOI

$65,280

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

9

Bathrooms

5

Building size

3,988 sqft

Lot size

5,928 sqft

Year built

1924

Stories

2

Garage spaces

0

Cooling

None

Pool

None

View

See Remarks

Status

Active

Days on market

93

MLS #

244322503

About this property

Exceptional investment opportunity in the highly desirable Mid-City neighborhood, north of the 10 Freeway. This well-maintained quadraplex property offers four individually metered mixed units. All units are fully leased with long-term tenants, providing stable, immediate rental income and future upside potential. The property has undergone substantial capital improvements throughout, including updated flooring, drywall upgrades, newer heaters in select units, and remodeled kitchens and bathrooms in select units. All units feature newer water heaters, and the property has completed a full plumbing repipe. Additional improvements include exterior building paint and interior paint in select units. The property consists of two connected residential buildings. The front structure (Unit 1) is a single-story home built in 1924, approximately 936 sq ft. The rear building, constructed in 1962, contains three units totaling approximately 3,052 sq ft. Unit 2 is on the ground floor, while Units 3 and 4 are located upstairs. .Unit 1 (2 Bed/1 Bath) is rented for $2,362.21/month. Unit 2 (3 Bed/1 Bath) is rented for $1,411.82/month. Unit 3 (1 Bed/1 Bath) is rented for $918.72/month. Unit 4 (3 Bed/2 Bath) is rented for $2,808.22/month. The property includes four covered parking spaces (one per unit) located in the rear, an on-site community laundry room with two washers and one dryer, and a gated, low-maintenance front yard with poured concrete. Located in one of Los Angeles' most dynamic and rapidly evolving neighborhoods, the property benefits from ongoing redevelopment and new construction throughout the area. The property is centrally located near Culver City, Beverly Hills, LACMA, the La Brea Tar Pits, and Downtown Los Angeles. Per seller: The property generates an approximate $100/month in laundry proceeds (washer/dryer), which historically offsets roughly $100/month in common area utility expenses. Drive-by only—please do not disturb tenants

Location

2026 S Ridgeley

Los Angeles, Los Angeles, CA, 90016