744 S Ridgeley Drive, Los Angeles, CA 90036

Property Description

Attention Investors and Developers! 6-unit French Normandy style apartment building on large 8,574-SF LAR4 lot for future development potential in highly desirable Miracle Mile location near LACMA, The Grove, and many upscale food and beverage establishments! Situated just south of Wilshire Blvd, this property consists of four large 1+1 units, one single, and one large 2+2 unit that may be ideal for an owner user. All rents are well below market rents with great upside potential. 4 units were professionally restored and remodeled with wood floors, new custom kitchens with new appliances, new bathrooms, and beautifully restored original crown mouldings. Copper plumbing, electrical (400 amps) and HVAC were recently updated. Brand new roofs on the 2 reinforced garage buildings with 6 parking spaces. Units are separately metered for gas and electricity with individual new water heaters for each unit.

PROPERTY HIGHLIGHTS

• Large 8,574-SF LAR4 Zoned Lot - Future Development Potential
• Beautiful French Normandy Architecture - Pride of Ownership
• New Copper Plumbing & Updated Electrical - 400 AMPS
• 6 Parking Spaces - Covered Garage
• 2 Covered Reinforced Garages with New Roofs with Gated Entry to
Parking
• Onsite Laundry Facility
• Luxury Residential Neighborhood Close Distance to Many Amenities
• Huge Rental Upside - Current Rents Severely Below Market