
Los Angeles, California 90019
This Turnkey Multi-Unit Property represents a Strong Value Opportunity, listed at a List Price of $1,425,000, which aligns with its $1,425,000 Fair Market Value. Featuring a Condition Rating of 2, the property includes a fully remodeled main residence and a Brand-New Permitted ADU, offering immediate rental income potential to offset ownership costs. Its central Mid-City location provides exceptional access to major transit and cultural hubs. This versatile asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, income-generating residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1364 S Ridgeley Subject | $1,425,000* List Price | 0 | 0 | 1,581 | $901 | - |
A 1558 Hauser Sold | $1,156,000 | 3 | 2 | 1,577 | $733 | 0.3 mi |
B 1206 S Burnside Avenue Sold | $1,350,000 | 3 | 2 | 1,491 | $905 | 0.3 mi |
C 1656 S Genesee Avenue Sold | $1,539,000 | 3 | 3 | 1,580 | $974 | 0.6 mi |
D 1038 S Stanley Avenue Sold | $1,745,000 | 3 | 2 | 1,836 | $950 | 0.5 mi |
E 5154 W 12th Street Sold | $1,665,000 | 3 | 2 | 1,700 | $979 | 0.6 mi |
F 1282 Meadowbrook Avenue Sold | $1,415,000 | 2 | 2 | 1,446 | $979 | 0.4 mi |
G 1535 Carmona Ave Sold | $1,600,000 | 3 | 2 | 1,831 | $874 | 0.3 mi |
H 1724 S Fairfax Sold | $1,290,000 | 3 | 2 | 1,464 | $881 | 0.8 mi |
I 1628 S Sycamore Avenue Pending | $1,145,000 List Price | 2 | 1 | 1,270 | $902 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a comprehensive recent remodel of the main residence and a brand-new, fully permitted ADU. Both units include modern kitchens with high-end appliances, designer bathrooms, updated systems, and turnkey finishes, fitting the criteria for a high-quality renovation completed within the last 5 years.
The property includes a brand-new, fully permitted 1-bedroom ADU with its own private entrance, yard, and laundry, providing a turnkey opportunity for rental income to offset mortgage costs.
Both the main residence and ADU feature high-end designer finishes, updated systems, and modern kitchens, ensuring a move-in-ready experience without the need for immediate renovations.
Located in the highly desirable Mid-City/Miracle Mile area north of Pico Blvd, the property offers exceptional proximity to LACMA, The Grove, and major Metro transit access.
The property was recently sold within the past year on 2025-12-18. The sold price is $1,335,000.00. The property was recently sold within the past year on 2025-12-17. The sold price is $1,250,000.00.
At a list price of $1,425,000 for 1,581 total square feet, the property commands a premium price point that may be sensitive to appraisal valuations in the current market.
Despite the extensive remodeling, the main residence dates back to 1906, which may present long-term maintenance considerations typical of older vintage homes.
NEW PRICE — $1,425,000! SELLER IS MOTIVATED! LIVE IN ONE AND RENT THE OTHER! A unique opportunity to enjoy your own home while generating potential rental income from the separate ADU to help OFFSET YOUR MONTHLY MORTGAGE PAYMENT AND OWNERSHIP COSTS! Seller may also consider helping with BUYER'S CLOSING COSTS and/or an INTEREST RATE BUYDOWN with an acceptable offer. Ask about available financing options! A rare opportunity in the heart of MID-CITY / MIRACLE MILE offering TWO SEPARATE LIVING SPACES — a beautifully remodeled 2-bedroom, 3-bathroom main residence PLUS a BRAND-NEW, FULLY PERMITTED 1-bedroom, 1-bathroom ADU — a total of 3 BEDROOMS + 4 BATHROOMS! The beautifully remodeled MAIN RESIDENCE features TWO EN-SUITE BEDROOMS, each with its own private bathroom, PLUS a separate guest bathroom. Designer finishes, a modern kitchen with high-end appliances, inside laundry, walk-in closet, updated systems, and a turnkey interior make this home truly move-in ready. The NEWLY CONSTRUCTED ADU offers tremendous flexibility with its own PRIVATE ENTRANCE, PRIVATE YARD, FULL KITCHEN, FULL BATH, LAUNDRY, PARKING, and security features. Live in the main residence and potentially rent the ADU, or choose the arrangement that works best for you. It's also ideal for extended family, guests, a private home office, or other permitted uses. For an owner-user, the separate ADU creates the potential for MONTHLY RENTAL INCOME THAT MAY SIGNIFICANTLY OFFSET HOUSING EXPENSES, while still allowing you to enjoy the privacy of the main residence. For an investor or multigenerational household, the property's two independent living spaces provide exceptional flexibility. Located NORTH OF PICO BLVD in a highly central Los Angeles location convenient to restaurants, grocery stores, houses of worship, LACMA, The Grove, Metro access, and everything the Mid-Wilshire/Miracle Mile area has to offer. LIVE IN ONE. RENT THE OTHER. TWO RESIDENCES. 3 BEDROOMS. 4 BATHROOMS. BRAND-NEW PERMITTED ADU. NOW $1,425,000! Don't miss this opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,581 | 1,664.159 |
| Lot Size | 6,034 | 6,066.556 |
| Price | $1.43M | $1.35M |
| Price per sq ft | $901 | $806 |
| Built year | 1906 | 1939 |
| HOA | $0 | $278 |
| Days on market | 76 | 55 |
Aug 29, 2026
$1,425,000
$1,474,990
-3% Price Drop
Initial Listing
Jun 25, 2026
$1,474,990
Initial Listing
Dec 18, 2025
$1,335,000
Public Record
Dec 17, 2025
$1,250,000
Public Record
Dec 26, 2023
$1,800,000
Public Record
Aug 25, 2022
$970,000
Public Record