Vacant Triplex with Detached
838 N Ridgewood Pl, Los Angeles, CA 90038
For Sale
$1,399,000
Three remodeled residences with private laundry, gated grounds, and separate gas and electric utilities.
Property Size2,386 SF
Price / SF$586.34
Days on Market67
Property Features for 838 N Ridgewood Pl
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Amenities
covered porch
fireplace
laundry
gated
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Compass
Listed By:
Vanessa Quinn · License CA #01992833
(310) 492-3181
Source:
Carolinakramer
Added: Sep 9
Changed: Nov 11
Last Checked: Nov 12 at 3:29PM
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 Compass
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Investment Insights
Based on property information with market context.
This vacant triplex includes a freestanding three-bedroom, two-bath bungalow and a separate duplex with one two-bedroom residence and one one-bedroom residence. The bungalow offers a covered porch, hardwood floors, and a fireplace, while the duplex provides private laundry for each unit and lock-up garage parking. All three homes have remodeled kitchens, bathrooms, and flooring, with separate gas and electric utilities.
Gated, hardscaped grounds accommodate up to six vehicles and include outdoor areas that can be configured for residential use. The property is located one block from Paramount Studios, with Noko, Melrose Hill, and Larchmont Village within walking distance. Downtown Los Angeles and the Eastside are a short commute away.
Gated, hardscaped grounds accommodate up to six vehicles and include outdoor areas that can be configured for residential use. The property is located one block from Paramount Studios, with Noko, Melrose Hill, and Larchmont Village within walking distance. Downtown Los Angeles and the Eastside are a short commute away.
Key Highlights
- Three residences totaling 2,386 square feet
- Six bedrooms and four bathrooms across the triplex
- Detached duplex paired with a freestanding bungalow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,668
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,360
$833.4K
Cap Rate 7%
$595,257
$595.3K
Cap Rate 9%
$462,978
$463.0K
Market Conditions
NOI Build-Up for 2,386 SF
Gross rent
$64.4K $27.00/SF
− Vacancy
−$4.9K −$2.05/SF
EGI
$59.5K $24.95/SF
− OpEx
−$17.9K −$7.48/SF
NOI
$41.7K $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%
$833,360
Cap Rate 7%
$595,257
Cap Rate 9%
$462,978
Alternative Uses
Best Use
Multifamily LT 5
$595.3K
$520.9K – $694.5K
NOI $41,668 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$548.5K
$479.9K – $639.9K
NOI $38,393 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$996.2K
$871.7K – $1.16M
NOI $69,733 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,970
Businesses Nearby
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Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Los Angeles, CA
Properties on Market for Triplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three remodeled residences with private laundry, gated grounds, and separate gas and electric utilities.
Where is this triplex located?
The property is located at 838 N Ridgewood Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Three residences totaling 2,386 square feet; Six bedrooms and four bathrooms across the triplex; Detached duplex paired with a freestanding bungalow
