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    744 S Ridgeley Dr

    Los Angeles, CA 90036
    • $4,825,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 20-627874
    UPDATED: 43 min ago
    $4,825,000
    • 12
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,019
      SQFT
    • $802
      $/SQFT
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    744 S. Ridgeley Avenue is a gorgeous French Normandie apartment building originally constructed in 1937 and extensively renovated in 2018. All units were completely remodeled in this classic Pre-WW11 construction apartment building that contains a unit mix of two large one-bedrooms with one-bathroom and five large two-bedrooms with two-bathrooms. There is open parking in the rear of the property and there is a laundry room on-site, however, all units have laundry. The property is steps from Wilshire Boulevard and boast a Walk Score of 94 which is considered a Walkers Paradise. The majority of the electrical and plumbing have been replaced or upgraded. In addition, there is a possibility to add an additional unit through Californias ADU program. This unit could potentially be constructed in the parking area.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-30T10:42:39.383. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/109681201
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    744 S Ridgeley Dr Los Angeles, CA 90036

    • Price: $4,825,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 20-627874
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    6,019
    SQFT
    $802
    $/SQFT
    1937
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    744 S. Ridgeley Avenue is a gorgeous French Normandie apartment building originally constructed in 1937 and extensively renovated in 2018. All units were completely remodeled in this classic Pre-WW11 construction apartment building that contains a unit mix of two large one-bedrooms with one-bathroom and five large two-bedrooms with two-bathrooms. There is open parking in the rear of the property and there is a laundry room on-site, however, all units have laundry. The property is steps from Wilshire Boulevard and boast a Walk Score of 94 which is considered a Walkers Paradise. The majority of the electrical and plumbing have been replaced or upgraded. In addition, there is a possibility to add an additional unit through Californias ADU program. This unit could potentially be constructed in the parking area.
    Exterior Features

    Lot Size Area 8575 Other Structures None Parking Garage Uncovered Total Parking 7

    Interior Features

    Baths Total 12.00 Cooling Central Equipment Dishwasher Flooring Vinyl TileHardwood Heating Central

    Property Features

    Assessed Total Value 2499000 Gross Income 260712 Gross Operating Income 253731 Like Units1 2 Like Units2 5 Net Operating Income 163911.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 89820 Type Of Units 7 Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Brent Sprenkle DRE#01290116 of Berkadia.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-30T10:42:39.383. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355