Multifamily Development Opportunity with
2243 S Ridgeley Dr, Los Angeles, CA 90016
For Sale
$1,900,000
Development opportunity with existing income in Los Angeles, California.
Property Size2,661 SF
Price / SF$714.02
Days on Market348
Property Features for 2243 S Ridgeley Dr
General Information
Standard status
Size
Class
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates - Los Angeles - West
Listed By:
Brett Colvin · License #CalDRE #02230987
(310) 899-2731
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 27
Last Checked: Nov 6 at 6:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Los Angeles - West
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Investment Insights
Based on property information with market context.
This property presents a multifamily development opportunity with existing income. Preliminary development plans are available upon request. The site has the potential for development ranging from 22 to 55 units, which the buyer should verify. The property includes four single-car garages. The property size is 2661 square feet.
Key Highlights
- Multifamily development opportunity
- 22 to 55 unit development potential (buyer to verify)
- Covered land play development site
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
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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 Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Development opportunity with existing income in Los Angeles, California.
Where is this apartment building located?
The property is located at 2243 S Ridgeley Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Multifamily development opportunity; 22 to 55 unit development potential (buyer to verify); Covered land play development site
