
Closed Listing
6 Units in Miracle Mile @ 22.92 GRM & 2.30% CAP
744 s ridgeley
sold in
Miracle Mile
Sold At
$
2,850,000
6
Number of Units
1937
Year Built
6,019
SF
Square Footage
8,574
SF
Lot Size
LAR4
Zoning
744 S Ridgeley Dr, Los Angeles, CA 90036
About the Property
A 8,574 SF LAR4 lot with future development potential in highly desirable Miracle Mile location near LACMA, The Grove, and future Metro Purple Line! Situated just south of Wilshire Blvd, this property consists of four large 1 +1 units, one studio and one large 2+2 unit that may be ideal for owner user. All rents are well below market with approximately 42% upside potential. Four units were tastefully renovated and remodeled with hard wood floors, new custom kitchen with new appliances, new bathrooms and beautifully restored original crown mouldings. Copper plumbing, electrical (400 amps) and HVAC were recently updated. Brand new reinforced roofs on the 2 garage buildings with 6 parking spaces. Units are separately metered for gas and electricity with individual new water heaters for each unit.
6
Number of Units
1937
Year Built
6,019
SF
Square Footage
8,574
SF
Lot Size
LAR4
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$475,000
Price p/ Sq. ft.
$474
Proforma Cap Rate
4.02%




Contact
Sales agent
Related Listings
MEET THE TEAM