Skip To Content
    Return to Previous Page

    1421 Ridge Way

    Los Angeles (City), CA 90026
    • $1,500,000
    • STATUS: Active
    • ON SITE: 83 days
    • ID#: SR20158670
    UPDATED: 41 min ago
    $1,500,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,317
      SQFT
    • $347
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    REDUCED $300,000 AND NOW PRICED FOR FAST SALE! Probate. Subject to Court Confirmation. Tremendous opportunity to purchase a character rich 5 unit, early 1900's multi-residential property in the heart of historic Angelino Heights HPOZ Zone. Ideal for investor or owner-user. Below market rents gives buyer tremendous upside potential for income growth. With Echo Park on one side and Downtown Los Angeles on the other, this property shows both charm and character. Residents enjoy myriad dining, nightlife and recreation offerings, including Dodger Stadium, Elysian Park hiking trails and Echo Park Lake. Convenient access to the 101 and 110 Freeways, and close to the business hubs of Downtown and Hollywood. Set back on a knoll overlooking the street, this property has been recently upgraded. The main 2-story building has a new roof and has been recently painted. It has 4 units, all 1 bedroom, 1 bath with direct access to exterior. This building includes a beautifully renovated owner+GGs unit. If that weren+GGt enough, this great property also features a stand-alone , quaint 1 bedroom, 1 bath cottage ideal for owner/user or premium tenant. Echo Park has been called the trendiest neighborhood in Los Angeles, and Angelino Heights is an architectural jewel within this area. This is a rare opportunity to own a fabulous income property in one of the hottest markets in Los Angeles. Offers subject to interior inspection. Hurry...won't last!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-29T23:29:22.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/108670490
    Print Image

    1421 Ridge Way Los Angeles (City), CA 90026

    • Price: $1,500,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: SR20158670
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,317
    SQFT
    $347
    $/SQFT
    1911
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    REDUCED $300,000 AND NOW PRICED FOR FAST SALE! Probate. Subject to Court Confirmation. Tremendous opportunity to purchase a character rich 5 unit, early 1900's multi-residential property in the heart of historic Angelino Heights HPOZ Zone. Ideal for investor or owner-user. Below market rents gives buyer tremendous upside potential for income growth. With Echo Park on one side and Downtown Los Angeles on the other, this property shows both charm and character. Residents enjoy myriad dining, nightlife and recreation offerings, including Dodger Stadium, Elysian Park hiking trails and Echo Park Lake. Convenient access to the 101 and 110 Freeways, and close to the business hubs of Downtown and Hollywood. Set back on a knoll overlooking the street, this property has been recently upgraded. The main 2-story building has a new roof and has been recently painted. It has 4 units, all 1 bedroom, 1 bath with direct access to exterior. This building includes a beautifully renovated owner+GGs unit. If that weren+GGt enough, this great property also features a stand-alone , quaint 1 bedroom, 1 bath cottage ideal for owner/user or premium tenant. Echo Park has been called the trendiest neighborhood in Los Angeles, and Angelino Heights is an architectural jewel within this area. This is a rare opportunity to own a fabulous income property in one of the hottest markets in Los Angeles. Offers subject to interior inspection. Hurry...won't last!
    Exterior Features

    Garage Spaces 0.00 Lot Features LandscapedUp Slope From Street Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Flooring See RemarksWood Laundry Features See RemarksWasher Hookup

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.90 Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 78178.00 Gross Operating Income 78178.00 Gross Scheduled Income 78178.00 Insurance Expense 1340.00 Land Lease YN No Laundry YN Yes Licenses Expense 458.85 Maintenance Expense 4080.00 Net Operating Income 58631.00 New Construction YN No New Taxes Expense 22500.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 5 Operating Expense 0.00 Other Expense 72.00 Professional Management Expense 9000.00 Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Probate Listing Tenant Pays ElectricityGasWater Total Actual Rent 6838.35 Total Expenses 19547.37 Trash Expense 0.00 Water Sewer Expense 2366.50 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Anngel Benoun of Dilbeck Real Estate and Randye Saunders of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-29T23:29:22.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364639950-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364639950-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364639950-1.jpg
    Logo
    Keller Williams Realty
    ,