Multi-Family for sale in Southern California — $2,795,000. 15 beds · 10 baths · 6,029 sqft. 1323 S Ridgeley Dr presents a rare opportunity to acquire a stable, income-producing asset with long-term upside potential. Affectionately nicknamed the "Cash Cow," this property offers both abundant rental income and…
$2,795,000
1323 S Ridgeley Drive, Los Angeles, CA 90019
1323 S Ridgeley Dr presents a rare opportunity to acquire a stable, income-producing asset with long-term upside potential. Affectionately nicknamed the "Cash Cow," this property offers both abundant rental income and future growth opportunities. Built in 1958, this well-maintained two-story building features five spacious 3-bedroom, 2-bathroom units. The property has been thoughtfully cared for and improved over the years, featuring upgrades to three kitchens and four bathrooms, a recently renovated balcony, a completed retrofit, and fresh exterior paint. Each unit offers generous in-unit storage, its own designated parking space, access to a shared backyard seating area, and on-site laundry facilities. All contribute to strong tenant retention and reduced vacancy rates. The outdoor area also presents potential development opportunities (buyer to verify), adding further upside to an already solid investment. Situated near popular cafes, The Grove, restaurants, and neighborhood spas. In an area that continues to see increasing desirability, this property is well-positioned for sustained demand and appreciation. An exceptional addition to any investment portfolio, especially for those who are focused on cash flow and long-term growth.
Listing updated: March 18, 2026 at 12:18 AM
Listed by: Chloe Simon, Sotheby's International Realty
Source: CRMLS, MLS#: 26658983, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
3/10/2026 Source: CRMLS, #26658983 | Listed for sale | $2,795,000$464/sqft |
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