Residential Income - LOS ANGELES, CA

HUGE UPSIDE. DELIVERED FULLY VACANT. Pleased to present the opportunity to acquire 2244 Ridgeley. 2244 Ridgeley is a 5,055 SQ. FT 5 unit apartment building with the potential of converting the garage to an ADU, located in the gentrifying Mid-City neighborhood of Los Angeles. This complex was built in 1977 and sits on an 9,594 SQ. FT Lot Zoned RD-1.5. The property positions itself to offer an investor a value-add 5 unit apartment building that WILL BE DELIVERED FULLY VACANT, with a low cost per square foot basis, high pro-forma CAP and future redevelopment opportunity due to lot size. This well located property is centrally located and finds itself located near an abundance of amenities and businesses. Easy access to the 10 FWY, DTLA, Culver City, Beverly Hills, Santa Monica and more! VIRTUAL TOURS: Unit 2: https:\/\/my.matterport.com\/show\/?m=NwNtmpvU7iX&mls=1 Unit 3: https:\/\/my.matterport.com\/show\/?m=BDfZv34D6Db&mls=1 Unit 4: https:\/\/my.matterport.com\/show\/?m=FbSNWcW3A3P&mls=1 Unit 5: https:\/\/my.matterport.com\/show\/?m=sUQhdj5mDzZ&mls=1