See Home Value
Los Angeles 90016 West Adams
2539 South RIDGELEY Drive
$1,209,577*
Multifamily - Off Market

2539 South RIDGELEY Drive

Los Angeles (City), CA 90016
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2018 Sqft
$747,000 - $913,000
Reference Base Price*
45.73%
Since Nov 1, 2019
CA-Los Angeles
Primary Model

About This Property

Excellent opportunity to own or invest in West Adams area, one of the most rapidly transforming neighborhoods of Los Angeles. Live in the back, rent the front for rental income. First time on the market since 1987. This 3 unit multifamily property features a front duplex each 1 bedroom 1 bath side by side units about 1400 SF. Back building features 2 bedrooms 1 bath about 600 SF. Each unit has an open concept kitchen, living room and dining room floor plan with washer and dryer. Large lot zoned LARD1.5 which allows you to build up to 4 units and just under 6400 SqFt lot. There is a 3-car garage currently being used by owner for storage which can be rented for additional income. Great location and in proximity to LA Rams Stadium, LAX, Expo line and major freeways. Tech companies are moving to this area which is evidence of the long term investment strategy and investor confidence in the growth of this part of Los Angeles. Rear unit and storage units delivered vacant at close of escrow.

The manager has listed the unit size as 2018 square feet.
Unit Size
2,018Ft²
Days on Market
-
Land Size
6,335.00 acres
Price per sqft
$411
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1924

Price History

Date / Event Date Event Price
Oct 4, 2019 No longer available -
No longer available
Jul 26, 2019 Relisted $830,000
Relisted
Apr 4, 2019 No longer available -
No longer available
Mar 10, 2019 Price Increased $830,000
↑ $80K (10.7%)
Price Increased
Feb 21, 2019 Price Decreased $750,000
↓ $50K (6.3%)
Price Decreased
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Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
5 Beds
3 Baths
2,448 ft²
$388/ft²
$950,000 Jun 6, 2022
-
-
Other
Loft
-
2,016 ft²
$494/ft²
$995,000 Dec 5, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181213
12/13/2018
4 Bed
3 Bath
2018 ft²
$850,000
bedrooms
4 Bed
bathrooms
3 Bath
square feet
2018 ft²
-
-
-
-

Building Info

2539 South Ridgeley Drive 2539 South Ridgeley Drive, Los Angeles, CA 90016
More about this Building
2539 South Ridgeley Drive
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About South LA


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