812 N Ridgewood Pl
Los Angeles, CA 90038
Multifamily Property For Sale · 4 Units
INVESTMENT HIGHLIGHTS
- Four fully vacant units in prime Hollywood, offering flexibility for investors or owner-users.
- Conveniently located between Santa Monica Blvd and Melrose Ave, providing easy access to major thoroughfares.
- Situated in a Federal Opportunity Zone, which may have a potential tax benefit for investors.
- Unit mix of three one-bedroom/one-bath units and one studio.
- The property is in close proximity to Larchmont Village, Hancock Park, Los Feliz, Silver Lake, and Koreatown.
- Private outdoor space in the rear of the property.
EXECUTIVE SUMMARY
Pacific Partners Real Estate Investments proudly presents 812 N Ridgewood Pl. This prime Hollywood property presents an excellent opportunity for investors or owner-users, featuring four fully vacant units that offer maximum flexibility. The unit mix includes three spacious one-bedroom, one-bath units and one studio, catering to a variety of rental or occupancy needs. Ideally positioned between Santa Monica Boulevard and Melrose Avenue, the property provides access to major thoroughfares and is just moments from vibrant destinations like Larchmont Village, Hancock Park, Los Feliz, Silver Lake, and Koreatown. Additionally, its location within a Federal Opportunity Zone may offer potential tax benefits for investors. A private outdoor space at the rear of the property adds to its appeal, while SB1211 allows for the development of up to four detached ADUs by right.
PROPERTY FACTS
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| Gross Rent Multiplier | 13.05 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,560 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1922 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 5535-004-024 | Improvements Assessment | $150,640 |
| Land Assessment | $173,663 | Total Assessment | $324,303 |
ZONING
| Zoning Code | LAR1.5 (Multi-Family Residential) |
