106 N Ridgewood Place, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 2 bath
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Los Angeles, California 90004
This Character-Rich Value-Add Residence is listed at $1,699,000, representing a market-aligned entry point into Hancock Park near its $1,664,770 Fair Market Value. With a Condition Rating of 4, the 1919-built home retains its historic soul while offering significant upside through a detached garage ready for ADU conversion. Residents enjoy an oversized deck, patio, and proximity to Larchmont Village, plus access to the 8/10 rated Third Street Elementary. This property is a strategic find for Owner-Occupants looking to build equity through renovation or Value-Add Investors seeking a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 106 N Ridgewood Place Subject | $1,699,000* List Price | 3 | 2 | 1,649 | $1,010 | - |
A 564 N Irving Boulevard Sold | $1,512,000 | 2 | 1 | 1,291 | $1,171 | 0.6 mi |
B 506 N Arden Boulevard Sold | $1,750,000 | 2 | 2 | 1,664 | $1,052 | 0.8 mi |
C 580 N Beachwood Drive Sold | $1,765,500 | 3 | 2 | 1,747 | $1,011 | 0.7 mi |
D 347 N Arden Boulevard Sold | $1,645,000 | 2 | 2 | 1,734 | $949 | 0.7 mi |
E 178 N Mariposa Avenue Active | $1,200,000 List Price | 3 | 2 | 1,608 | $746 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1919, is well-maintained and has good bones, as evidenced by the hardwood floors and overall cleanliness. However, the kitchen features dated mosaic tile backsplash, tile countertops, and checkerboard floor tiles, indicating it has not been extensively renovated recently. While the description mentions a 'newer stove,' the overall kitchen aesthetic is clearly outdated. The bathrooms, though clean and functional, also show signs of age with classic pedestal sinks, small hexagonal floor tiles, and older light fixtures, suggesting they are not modern. The listing itself states the home is 'prime for remodel and/or expansion,' reinforcing that significant updates are needed to meet current quality standards and styles. This aligns with the 'fair' criteria of requiring minor updates and showing signs of being outdated, with renovations likely 15-30 years ago.
Situated in the highly desirable Hancock Park / Larchmont Village area, known for its quiet streets, proximity to local amenities like coffee shops, the Farmer's Market, and restaurants.
The property is explicitly described as 'prime for remodel and/or expansion' and features a detached garage ready for conversion into an office or ADU, offering substantial upside for customization and increased value.
Built in 1919, the home 'exudes character' with features like crown moldings and a decorative fireplace, appealing to buyers seeking classic architectural style.
As a 1919-built home, despite being 'well maintained,' it likely has older infrastructure (e.g., plumbing, electrical, HVAC) that may require significant investment to update to modern standards.
The listing emphasizes it's 'prime for remodel' and offers 'endless opportunities' to 'renovate into something sleek and new,' indicating that substantial additional capital will be needed post-purchase to realize its full potential.
The description highlights character but does not mention modern conveniences such as central air conditioning, which could be a drawback for comfort in Los Angeles' climate.
Excellent opportunity for owner-users or investors. Welcome to this charming Hancock Park / Larchmont Village home. This 1919 built home exudes character, has been well maintained and is ready for its next chapter. First time on market in nearly 30 years. Prime for remodel and/or expansion to make it truly your own. Set back from the street, the front walkway leads to character home that has been loved and has so much potential. Enter into the spacious living room with crown moldings, decorative fireplace and great natural light. The dining room flows into an open kitchen, ideal for entertaining. The kitchen includes breakfast area and wet bar, with newer stove. The enclosed den opens to an oversized deck. and makes for a great work from home space, or playroom. The large primary bedroom has an en-suite bath and laundry. Low water landscaping and beautiful trees along driveway. Detached garage ready to be converted to an office, or ADU. Phenomenal location on a quiet street, close to Larchmont, coffee shops, Farmer's Market and restaurants. The possibilities are endless with this great property. Seeking to move right into your first home in an exceptional neighborhood, or renovate into something sleek and new, or expand into a larger home with ADU and a pool. Endless opportunities with the classic find. Do Not Disturb Occupants, will be delivered vacant.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 4.0 | 32% |
| Square foot | 1,649 | 2,381 | 11% |
| Lot Size | 5,622 | 7,006 | 21% |
| Price | $1.70M | $1.80M | 45% |
| Price per sq ft | $1.0K | $878 | 64% |
| Built year | 1919 | 1921 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 736 | 189 | 0% |
May 30, 2024
$1,685,000
Public Record
Jun 15, 1994
$230,000
Public Record