2111 S Ridgeley DR

LOS ANGELES, CA, 90016

$3,295,000

$443 per ft²
$3,295,000
$443 per ft²
Active
Active
 - For Sale
beds
14 Beds
baths
18 Baths
carpenters-square
7,425 ft²
property_type
Multi-family
calendar
Built 2023
2111 S Ridgeley Dr is a MEGA-SIZED 3-story townhome-style new construction fourplex in prime Mid-City that features ROOFTOP DECKS with amazing views of the city below! This is the most highly rentable property in Mid-City! The property will be delivered 75% occupied at market rents!!! Soon to be fully occupied! Priced to sell by month end! This upscale property is made up of two expansive 4 bedroom, 4.5 bathroom units and two similarly gigantic 3 bedroom, 3.5 bathroom units. With rooftop decks, ideal parking (8 spaces, 4 of which are in 2-car garages), luxury finishes, and large floorplans, these units will be the #1 choice for tenants in Mid-City. Every box is checked! Based on our current rental activity in Mid-City, we project a cap rate of 5.30%. OUT OF THIS WORLD! This property boasts separate meters for all utilities and a 1 year builder s warranty! 2111 S Ridgeley Dr is situated 8 minutes from Culver City and the countless local hotspots and conveniences in the area, including the trendy Helms Bakery District! This neighborhood has rapidly transformed into the hottest rental market in Los Angeles, with several of the most exciting mixed-use developments 8 SHORT MINUTES from this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus development. Thanks to the huge supply of entertainment, tech and creative jobs in Mid-City, 2111 S Ridgeley will attract high quality professional tenants!
MLS® ID:
BB23011110MR
Listed:
1/19/23
Updated:
2/8/23

Interior Features

Kitchen Appliances
Microwave, Range
Total Bedrooms
14
Total Bathrooms
18
Laundry Description
Dryer, Dryer Included, Washer, Washer Included
Cooling
Central
Heating
Central

Exterior/Building Features

Lot Size
6,577 ft² lot
Roof
Flat
Sewer
Public Sewer

Other Property Details

Garage
Yes
Garage Spaces
4
Parking
8
Parking Total
8.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
3
Zoning
LARD1.5

Property History

Date
Event
Price
Value
2/3/23
Price Change
$3,295,000
-3%

Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Eve Capital shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/8/23

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