$1,950,000
737 N Ridgewood Place, Los Angeles CA 90038
Multi-Family (6 Units)
Property type
57 days
On market
$371
Price per sqft
0 cars
Garage
1924
Year built
6,733 sqft
Lot size
Open Houses
Overview
Dont miss this amazing 6 unit apartment property offering strong rental potential in one of LAs most iconic neighborhoods. Spanning 5262 square feet, the building features a mix of four spacious 1 bedroom 1 bath units and two generous 2 bedroom 2 bath units, perfect for attracting a variety of tenants. Whether youre an investor looking to expand your portfolio or a buyer...
Listing provided by: Haik Bokhchalian DRE #01325511, JohnHart Real Estate
Listing updated: Apr 9, 2026 at 07:29pm.
Last checked: Jun 4, 2026 at 10:31pm
Source: CRMLS #SR26076301
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 1 | 1 | — | $2,000 | $2,000 | $2,300 | Unfurnished |
| 1 | 2 | 2 | — | $2,300 | $2,300 | $2,300 | Unfurnished |
| 1 | 2 | 2 | — | $0 | $0 | $2,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 7
Separate Gas Meters: 1
Separate Water Meters: 7
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
12.9x
List Price / Annual Gross Rent
Cap Rate
7.36%
NOI / List Price
Gross Scheduled Income: $151,116
Vacancy Allowance: $2,500
Operating Expense: $7,500
Net Operating Income: $143,616
Annual Operating Expenses
Electric: $1,200
Fuel: $300
Insurance: $2,500
Professional Management: $0
Trash: $1,200
Water / Sewer: $2,300
Interior
Laundry: Inside
Entry Location: Steps
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned, Carport, Uncovered
Garage Spaces: 0
Carport Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5535002018
Additional Parcels: No
Tax Lot: 43
Zoning: LARD1.5
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 737 N Ridgewood Place, Los Angeles, CA 90038. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,560,000
Total Interest
$1,989,694
Total Payment
$3,549,694
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,042
per month
Property History for 737 N Ridgewood Place
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90038.
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