Three-Unit Residential
2351 Ridgeview Ave, Los Angeles, CA 90041
For Sale
New
$1,600,000
A vacant two-bedroom home and a separate two-unit building provide a mix of owner-occupancy and rental housing.
Property Size3,049 SF
Lot Size0.18 Acres
Price / SF$524.76
Days on Market6
Property Features for 2351 Ridgeview Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Amenities
gated
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
David Messiah · License CA #02117893
(310) 593-9869
Source:
Milsteinestates
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:48PM
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 Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
The property combines a detached 2-bedroom, 2-bathroom house with a separate rear building containing two 2-bedroom, 1-bathroom units. The front residence, built in 2003, is vacant and features a stone exterior, clay-tile roof, high ceilings, a vaulted living room, and a kitchen with an island, granite counters, and stainless steel appliances. The 3,049-square-foot property sits on a 7,922-square-foot corner lot. A gate, private driveway, and attached two-car garage serve the main house.
Nearby destinations include shops and restaurants along Colorado Boulevard and Occidental College. Freeway access connects the property with Pasadena, Glendale, and downtown Los Angeles.
Nearby destinations include shops and restaurants along Colorado Boulevard and Occidental College. Freeway access connects the property with Pasadena, Glendale, and downtown Los Angeles.
Key Highlights
- Three residential units: one 2‑bedroom, 2‑bathroom house and two 2‑bedroom, 1‑bathroom units
- 3,049 square feet of living space on a 7,922‑square‑foot corner lot
- Main house built in 2003 and currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,061
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,220
$981.2K
Cap Rate 7%
$700,871
$700.9K
Cap Rate 9%
$545,122
$545.1K
Market Conditions
NOI Build-Up for 3,049 SF
Gross rent
$97.0K $31.80/SF
− Vacancy
−$7.8K −$2.54/SF
EGI
$89.2K $29.26/SF
− OpEx
−$40.1K −$13.17/SF
NOI
$49.1K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,220
Cap Rate 7%
$700,871
Cap Rate 9%
$545,122
Alternative Uses
Best Use
Apartment 5plus
$700.9K
$613.3K – $817.7K
NOI $49,061 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,110 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 90041, CA
26,654
Population
10,425
Households
2.6
Avg Household Size
41
Median Age
52%
College-Educated
92%
High-School Grad
3.6 sq mi
ZIP Area
7,404
Density / Sq Mi
$111,834
Median Household Income
$54,443
Median Earnings
$1,797
Median Rent
$1,135,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Los Angeles, CA
Properties on Market for Multifamily properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A vacant two-bedroom home and a separate two-unit building provide a mix of owner-occupancy and rental housing.
Where is this multifamily property located?
The property is located at 2351 Ridgeview Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three residential units: one 2‑bedroom, 2‑bathroom house and two 2‑bedroom, 1‑bathroom units; 3,049 square feet of living space on a 7,922‑square‑foot corner lot; Main house built in 2003 and currently vacant
