Detailed Introduction Of This Home
Opportunity to own in one of most rapidly
appreciating neighborhoods in all of Los Angeles! 2416
S Ridgeley Dr is a 6-unit apartment building situated in
the heart of flourishing West Adams. Currently
operating at a 5.21% CAP and 11.84 GRM, the subject
property is ideal for any investor looking for strong day
1 income with plenty of room to grow rents.
2416 S Ridgeley Dr is comprised of (6) 2-Bed/1-Bath
units - (1) Unit is currently vacant and (1) unit is a Sec.
8 tenant. There are (3) two-car garages spaces for a
total of 6 parking spots.
The subject property is only minutes from trendy
Downtown Culver City, Downtown Los Angeles and the
city's metro line. Renters will enjoy the proximity to the
10 , 405 and 110 freeways, making commuting in Los
Angeles a breeze. This is an excellent opportunity to
acquire an investment property with strong income
and future upside in rents and the neighborhood.