
Los Angeles, California 90016
Analysis of 2026 S Ridgeley, Los Angeles, California 90016 is currently available with a list price of $1,999,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property has undergone significant capital improvements including a full plumbing repipe, newer water heaters, and updated flooring. While the buildings are older (1924/1962), select units feature remodeled kitchens with modern cabinetry and stone countertops, and the systems are well-maintained, making it move-in ready for tenants.
The property has undergone significant upgrades including a full plumbing repipe, newer water heaters, and remodeled kitchens and bathrooms in select units, minimizing immediate deferred maintenance for a new owner.
Situated in a high-demand rental market north of the 10 Freeway, the property offers excellent proximity to major employment and cultural hubs like Culver City, Beverly Hills, and Downtown Los Angeles.
The quadraplex features a versatile mix of one, two, and three-bedroom units that are fully leased to long-term tenants, providing immediate and stable rental income.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 9, other record bedroom count = 8.
Several units are currently rented significantly below market value, particularly the three-bedroom and one-bedroom units, which limits immediate cash flow and yield until turnover occurs.
Because only select units have been remodeled, a new investor will likely face future capital expenditures to modernize the remaining units to achieve top-of-market rents.
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. This is an excellent opportunity for investors seeking a stabilized asset with proven long-term tenancy, significant capital improvements, strong in-place income, and future rental growth potential in a high-demand rental market. Drive-by only—please do not disturb tenants
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 9.0 | 5.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,988 | 2,250 |
| Lot Size | 5,928 | 5,864 |
| Price | $2.00M | $826.7K |
| Price per sq ft | $501 | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 22 | 83 |
Jun 30, 2026
$1,999,000
Initial Listing
Jun 1, 2012
$395,003
Public Record