1000-1002 S Ridgeley Dr Immeuble residentiel 6 lots 1 985 863 € (330 977 €/Lot) Taux de capitalisation 5,50 % Los Angeles, CA 90019

Discover an immaculate and rare investment opportunity in the heart of Miracle Mile, one of Los Angeles’ most vibrant and architecturally rich neighborhoods. This beautifully maintained 6-unit apartment building, built in 1947, showcases timeless Art Deco charm while offering updated interiors and strong income potential.
Each of the six units features spacious 2-bedroom, 1-bathroom layouts, all exceeding 1,000 square feet. The apartments are thoughtfully updated to meet modern expectations, including refreshed kitchens, hardwood floors, and contemporary fixtures—while retaining the building’s historic character through original moldings, arched doorways, and period details. This perfect blend of old and new enhances tenant appeal and long-term desirability.
The building boasts a total living area of 6,726 square feet, situated on a 9,622 square foot lot, offering ample space and comfort. With LAR3 zoning, the property supports multi-family residential use, and may present value-add opportunities for future development, expansion, or ADU additions (buyer to verify). A private driveway and rear parking area further increase its functionality.
Located just minutes from Museum Row, LACMA, The Grove, and the Petersen Automotive Museum, this property offers tenants unbeatable access to top-tier cultural institutions, shopping, dining, and entertainment. The neighborhood continues to benefit from ongoing public infrastructure improvements, including the Metro D Line (Purple) extension, which will provide enhanced connectivity to DTLA, Koreatown, and West LA.
Whether you’re an investor seeking a high-performing asset in an appreciating market, or an owner-user looking to live in one unit while generating rental income from the rest, this property offers flexibility, stability, and long-term growth potential. It’s a standout in one of Los Angeles’ most sought-after rental markets.