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Attribution
Listed By Amel Tata
DRE #02042949 310-699-7225
Beverly and Company
summary_info
$1,899,000
Active
2026 S Ridgeley
Los Angeles, CA 90016
3,988 square ft.
Description
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
Listing Details
Address:
2026 S Ridgeley
Status:
Active
ML#:
SR26124123
Days On Market:
159
APN:
5063018006
Orig. List Price:
$1,999,000
Price Per Sqft:
$476
County:
Los Angeles
Property Type:
Quadruplex
Bath(F,T,H,Q):
0,0,0,0
Sqft (Src):
3,988
Ac/LotSqft (Src):
0.14 / 5,928 (Public Records)
Pool:
No
Area:
C16 - Mid Los Angeles
Year Built:
1924
Sale Type:
Standard
Stories:
One,Two
Stories Total:
2
Entry Level:
1
Entry Location:
1
Units Total:
4
Senior Community:
No
Interior Features
Laundry:
Community, Common Area, Washer Included, and Dryer Included
Exterior Features
Pool:
None
Common Walls:
2+ Common Walls
Lot Features:
Rectangular Lot
Community Features:
Urban and Sidewalks
Sewer/Septic:
Public Sewer
Water Source:
Public
Garage and Parking
Parking:
Covered, Paved, and Driveway
Land
Lot Number:
6
Tract Number:
4187
Model Code:
Units Total Number:
4
Assessment:
Unknown
Association Dues 1:
$0
Lease/Fees
Land Lease?:
No
Terms
Listing Terms:
Cash To Existing Loan, 1031 Exchange, Cash To New Loan, Conventional, Cash, and Cal Vet Loan
Owner / Tenant
Tenants:
4
Financial
Insurance:
$4,500
Total:
$13,500
Operating Expense:
$13,500
Net Operating Income:
$76511
Gross Scheduled Rents:
$90,011
Total Expenses:
$13500
Net Operating Income:
$76,511
courtesy_of
Very Walkable
Most errands can be accomplished on foot.
broker_reciprocity_notice
© 2026 CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed.
