Description

See Docs Section for Offering Memorandum. Probate Sale - May not require court confirmation. 853-855 N Ridgewood Pl. is a classic Los Angeles style craftsman duplex constructed in 1923. The unit mix consists of two (2) two-story 2bed+1.75bath units. The property is a two-story, 2,096 square foot building situated on a 3,353 square foot corner lot. UNIT DETAILS: Both units boast expansive two-level open floor plans, offering investors the chance to build upon the current level of renovation and substantially increase rental incomes. The units feature large bedrooms, spacious living rooms, open dining areas adjacent to the kitchens, separate laundry rooms and abundant pantry, storage, and closet space. The bedrooms are located upstairs and share a large bathroom, and a second bathroom is located downstairs adjacent to the kitchen in the laundry room. Each unit features original wood flooring throughout the entire first floor and individual hot water heaters and central air conditioning systems. Unique touches to the units also include crown molding throughout, fireplaces and pop out window areas in the living rooms. EXTERIOR SPACE: Each unit comes with sizable private front yards secured by a closed off fence, making it ideal for hosting gatherings. One of the units also features significant patio space in the rear of the property that can also be utilized for activities. The utility costs at the property are low as units are separately metered for water and sewer, in addition to gas and electricity. The tenants also pay for trash. 855 N Ridgewood offers the convenience of a private single parking garage that can be accessed directly from Lemon Grove Avenue.