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1323 S Ridgeley Dr presents a rare opportunity to acquire a stable, income-producing asset with long-term upside potential. Affectionately nicknamed the "Cash Cow," this property offers both abundant rental income and future growth opportunities. Built in 1958, this well-maintained two-story building features five spacious 3-bedroom, 2-bathroom units. The property has been thoughtfully cared for and improved over the years, featuring upgrades to three kitchens and four bathrooms, a recently renovated balcony, a completed retrofit, and fresh exterior paint. Each unit offers generous in-unit storage, its own designated parking space, access to a shared backyard seating area, and on-site laundry facilities. All contribute to strong tenant retention and reduced vacancy rates. The outdoor area also presents potential development opportunities (buyer to verify), adding further upside to an already solid investment. Situated near popular cafes, The Grove, restaurants, and neighborhood spas. In an area that continues to see increasing desirability, this property is well-positioned for sustained demand and appreciation. An exceptional addition to any investment portfolio, especially for those who are focused on cash flow and long-term growth.
Property Type(s):
Residential Income
| Last Updated | 3/10/2026 | Year Built | 0 |
|---|---|---|---|
| Community | C19 - Beverly Center-Miracle Mile | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Dryer, Microwave, Refrigerator, Washer |
| AREA | C19 - Beverly Center-Miracle Mile |
| EXTERIOR | Barbecue |
| GARAGE | Attached Garage |
| HEAT | Central |
| INTERIOR | Ceiling Fan(s) |
| LOT | 6617 sq ft |
| LOT DIMENSIONS | 6618 |
| PARKING | Attached, Attached Carport |
| STORIES | 2 |
Location
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Listed with Sotheby's International Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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