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16 Beds
8 Baths
7,152 sqft

$1,825,000

2325 S Ridgeley Drive, Los Angeles CA, 90016

Price per sqft$255.17
Built in1965
Property size7,152 sqft
Property typeResidential
Listed by Armin Soleimani CA DRE# 01846872 with Global Platinum Properties, Inc. 310-666-2246

Overview

Active

Listed Aug 31, 2026

Updated 4 days ago

2nd Price Reduction! Large 7,152 SF 8-Unit value-add building cash flowing at a Current 4.5% Cap Rate with a whopping 97% upside to a 11% Cap on Proforma! Attractively priced at only $228k/unit for entirely 2-bedroom units and only $255/SF. Large 9,500 SF lot with plans to add 8 detached ADUs to achieve an incredible 9.7% Current Cap Rate, 14.2% Proforma Cap, $158k/unit, and only $258/SF after taking into account all the construction costs (~715k assuming $250/SF). The exterior of the property has undergone detailed renovations and features on-site parking as well as an updated laundry room. Electricity and gas are individually metered which minimizes operating expenses. Prime Mid-City location just minutes away from Beverly Hills, Culver City, West Adams, as well as many hip neighborhood attractions, restaurants, bars, shops, such as Cento Pasta Bar, The Blending Lab Winery, Tartine Bakery, Farmhouse Kitchen Thai Cuisine, Mu. S Coffee, Cumulus luxury 31-story 1,210 unit mixed-use project, 260 units Habitat Residences campus with retail and creative office, and much more.

$12,142/mo

Est. mortgage payment based on a $1,825,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26925063

Interior Features

Bedrooms
16
Bathrooms
8
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.22 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Armin Soleimani CA DRE# 01846872 with Global Platinum Properties, Inc. 310-666-2246

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/3/2026 at 4:40 AM UTC Last Checked: 4:40 AM UTC

 

 

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