
Los Angeles, California 90004
This Historic Craftsman Restoration Asset presents a Prime Investment Opportunity with a List Price of $1,595,000—positioned below the $1,635,150 Fair Market Value by 2%. This valuation gap offers $40,150 in Instant Equity for buyers prepared to revitalize this Frank M Taylor-designed masterpiece. Featuring a Condition Rating of 5, the property provides significant upside through ADU conversion potential and historic preservation within a prestigious district near 8/10 rated Third Street Elementary. This is a high-potential acquisition for Value-Add Investors or Restoration Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 122 N Ridgewood Place Subject | $1,595,000* List Price | 5 | 4 | 2,389 | $684 | - |
A 533 N Bronson Avenue Pending | $1,595,000 List Price | 3 | 2 | 2,015 | $792 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1919, this property is over 100 years old and the listing explicitly describes it as a restoration project needing 'meaningful work and TLC.' Images reveal significantly dated bathrooms, peeling paint, and aged interior finishes, indicating that systems and surfaces have not been updated in over 30 years.
Designed by noted architect Frank M Taylor, this 1919 Craftsman retains exceptional original character, including leaded-glass entries, period hardware, and classic wood-burning fireplaces.
Situated in the recently designated Ridgewood Place Residential Historic District, the home offers a prestigious address just minutes from Larchmont Village’s premier dining and shopping.
The property features a detached garage with ADU conversion potential and a flexible 5-bedroom floorplan, providing excellent opportunities for multi-generational living or rental income.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The residence requires significant 'meaningful work and TLC,' indicating that buyers will need a substantial additional budget for repairs and modernization.
Being located in a designated historic district may subject any exterior renovations or restorations to strict regulatory oversight and specific architectural guidelines.
Tucked into one of Los Angeles’ most beloved neighborhoods, the recently designated Ridgewood Place Residential Historic District, this enchanting original 1919 Craftsman, designed by noted architect Frank M Taylor, is a rare opportunity to restore and reimagine a true piece of Los Angeles architectural history. Rich with character and original detail, the residence retains the warmth, artistry, and craftsmanship of its era, from the welcoming front porch, clapboard siding, leaded-glass entry door, and period hardware to the wide baseboards, crown molding, decorative pediments, archways, and classic wood-burning fireplace. Inside, charming vintage details abound, including wide baseboards, decorative window and door pediments, crown molding, graceful archways, and rich hardwood floors. The core of the home is the formal living and dining room, with decorative alcove, and a charming library with built in shelving. There are 5 bedrooms in the home, 2 upstairs, one of which is en-suite and the other with a private balcony, and 3 downstairs, one of which is en-suite. The other 3 rooms share 2 baths, 1 upstairs and 1 down. The floorplan offers flexibility of use allowing the spaces to function in a variety of ways, whether as traditional bedrooms, a home office, den, breakfast room, or other living areas to suit evolving needs. Completing the home is a delightful “grandma’s attic,” a wide pitched-ceiling space ideal for a playroom, office, studio, or creative retreat. Outside, there is a dedicated, detached laundry room, a fenced, private yard, and a detached garage which presents possible ADU conversion potential for multigenerational living, guest quarters, or future income. The home has vintage appeal and exceptional bones which with meaningful work and TLC could be ready for its next chapter. Wonderfully situated just minutes from the heart of the renowned dining, boutique shopping, and cultural amenities in Larchmont, and near the excitement and appeal of Los Angeles’ varied communities. This home boasts warmth, personality, and timeless design and offers a rare chance to retore, preserve and protect a Craftsman gem in one of Los Angeles’ most distinctive neighborhoods meant to be loved and lived in for generations. Don’t miss out!
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 | 5.0 | 4.0 | 71% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,389 | 2,385 | 50% |
| Lot Size | 5,628 | 6,903.5 | 24% |
| Price | $1.59M | $1.77M | 45% |
| Price per sq ft | $668 | $859 | 38% |
| Built year | 1919 | 1921 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 185 | 2% |
Apr 28, 2026
$1,595,000
Initial Listing