2230 S Ridgeley Drive
Los Angeles, CA, 90016
$999,999
MLS: 26992563
Beds
3
Baths
1
Sq Ft
1,308
Lot
0.15 ac
Year Built
1925
MLS #
26992563
Days on Market
26
Listed
Sep 24, 2026
Description
CALLING ALL DEVELOPERS, FLIPPERS, INVESTORS, CONTRACTORS, BUILDERS, END-USERS- Welcome to 2232 S Ridgeley Dr, a vacant SB8 exempt single family house in the heart of Mid City, just minutes from Culver City, Downtown Culver, West Adams, and Miracle Mile. This property has SB8 exempt paperwork and PLANS are available for either 5 or 6 Townhome Units that can be submitted soon or you can choose to do the new CHIP program building potentially up to 7 stories, SB684, remodel and add ADUS (buyer to verify). This 3 bedroom/ 2 bath home has a tons of potential and possibilities to build new units, add ADUS, remodel, do an addition, convert the detached garage into an ADU, there are a ton of options to add value. The property is located in an Opportunity Zone which has a ton of benefits(buyer to verify) and zoned LARD1.5 with a lot size of 6,444 , the options and potential are endless! This house was owner occupied, will be delivered vacant and will be SB8 exempt! The area is booming with brand new buildings and a recent sold comp of 5plex at $4,400,000 nearby making this deal very attractive! The property in the ultra trendy Mid-City area is highly desirable area due to its centrality to coffee shops, grocery stores, gyms, shops, entertainment district and many trendy restaurants. In addition, the property is located just minutes from the Arts District, Helms Bakery, Cumulus which has the famous Whole Foods, Culver City Steps and Ivy Station, which is home to Apple, Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. The strong rent desirability and sold completed comps are being achieved in this neighborhood because of how central and convenient the location is for investors/renters and due to the surrounding tech hubs, providing high-paying salary jobs. Mid-City overall is a very happening and growing market, due to its centralized location making it convenient to get all neighborhoods such as Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, Culver City, Westside/Beach cities and Downtown all being close by. The neighborhood has lots of brand new construction close by, giving a modern and nice vibrant feel to the area. Amazing opportunity for contractors, developers, investors looking for a new project and end users that would like to live in the area! THIS IS ONE OF THE BEST DEALS FOR DEVELOPING/FIXING AND INVESTING in the market! Buyer to verify all and do their own due diligence in regards to plans, ADU potential, SB8 and any other item.
Location
Los Angeles, Los Angeles County, CA 90016
Open on Google Maps ↗Listed by: Daniel Lalezari · Keller Williams Hollywood Hills
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$7,948
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $100,000 · Loan: $899,999
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $6,231
- Property tax (1.25%)
- $1,042
- Homeowners insurance
- $300
- Mortgage insurance
- $375
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $35,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Los Angeles, CA 90016 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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