4-Unit Quadplex with Covered
2026 S Ridgeley, Los Angeles, CA 90016
For Sale
$1,899,000
Los Angeles, CA
Property Size3,988 SF
Lot Size0.14 Acres
Price / SF$476.18
Days on Market162
Property Features for 2026 S Ridgeley
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Utilities
Sewer type
Water source
Amenities
on-site community laundry room
gated front yard
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Beverly and Company
(818) 835-4414
Listed By:
Amel Tata · License CA #02042949
(310) 699-7225
Added: Jun 7
Changed: Nov 10
Last Checked: Nov 15 at 1:06AM
MLS# SR26141875
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,988-square-foot quadplex consists of two connected residential buildings on a 0.1361-acre parcel. The front residence is a 936-square-foot, single-story home built in 1924 with two bedrooms and one bathroom. The rear structure dates to 1962 and contains three apartments totaling approximately 3,052 square feet; one is on the ground floor, while two are upstairs. The four residences are individually metered and fully leased.
Property improvements include a full plumbing repipe, newer water heaters throughout, selected newer heaters, updated flooring, drywall work, and remodeled kitchens and bathrooms in selected units. Exterior paint and interior painting in selected residences are also noted. Four covered parking spaces are provided at the rear, with one assigned per unit. Additional common-area features include a laundry room with two washers and one dryer, plus a gated front yard finished with poured concrete.
The property is located in Los Angeles near Culver City, Beverly Hills, LACMA, the La Brea Tar Pits, and Downtown Los Angeles. Public water and public sewer serve the property.
Property improvements include a full plumbing repipe, newer water heaters throughout, selected newer heaters, updated flooring, drywall work, and remodeled kitchens and bathrooms in selected units. Exterior paint and interior painting in selected residences are also noted. Four covered parking spaces are provided at the rear, with one assigned per unit. Additional common-area features include a laundry room with two washers and one dryer, plus a gated front yard finished with poured concrete.
The property is located in Los Angeles near Culver City, Beverly Hills, LACMA, the La Brea Tar Pits, and Downtown Los Angeles. Public water and public sewer serve the property.
Key Highlights
- Four‑unit configuration with individually metered residences; all units are fully leased
- 3,988 square feet on a 0.1361‑acre parcel
- Front home: 936 square feet, built in 1924, with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,645
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,392,900
$1.4M
Cap Rate 7%
$994,929
$994.9K
Cap Rate 9%
$773,833
$773.8K
Market Conditions
NOI Build-Up for 3,988 SF
Gross rent
$107.7K $27.00/SF
− Vacancy
−$8.2K −$2.05/SF
EGI
$99.5K $24.95/SF
− OpEx
−$29.8K −$7.48/SF
NOI
$69.6K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,392,900
Cap Rate 7%
$994,929
Cap Rate 9%
$773,833
Alternative Uses
Best Use
Multifamily LT 5
$994.9K
$870.6K – $1.16M
NOI $69,645 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$916.7K
$802.1K – $1.07M
NOI $64,170 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,553 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Individually metered residences include covered parking, shared laundry, and a gated concrete front yard.
Where is this quadplex located?
The property is located at 2026 S Ridgeley Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Four‑unit configuration with individually metered residences; all units are fully leased; 3,988 square feet on a 0.1361‑acre parcel; Front home: 936 square feet, built in 1924, with 2 bedrooms and 1 bathroom
