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1364 S Ridgeley Drive, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 4 bath

1364 S Ridgeley Drive, Los Angeles, California 90019 home-pic-0
ACTIVE$1,749,000
1364 S Ridgeley Drive, Los Angeles, California 90019
3Beds
4Baths
1,108Sqft
6,034Lot

Price Vs. Estimate

The estimated value ($1,242,744.665) is $506,255.335 (28%) lower than the list price ($1,749,000). This property may be overpriced.

Key pros and cons

Top Pros:
Detached ADU: The property includes a detached Accessory Dwelling Unit (ADU) with one bedroom and one bathroom, offering excellent potential for rental income, guest accommodations, or multi-generational living.
Top Cons:
Compact Square Footage: With a total of 1108 sqft for a 3-bedroom, 4-bathroom property including a detached ADU, the living space is quite compact, which may be a consideration for some buyers at this price point.

Compared to the nearby listings

Price:$1.75M vs avg $1.42M (+$334,000)74%
Size:1,108 sqft vs avg 1,761.5 sqft15%
Price/sqft:$1.6K vs avg $80198%

More Insights

Built in 1906 (119 years old).
Condition: Despite being built in 1906, the listing explicitly states the property has been 'beautifully remodeled' with a 'custom kitchen' featuring 'exquisite tile work and top-tier appliances,' and a master suite with 'elegant built-in vanities.' The detached ADU also reflects the 'same craftsmanship.' This indicates a very recent and extensive renovation, bringing all components to a virtually new, high-quality standard, consistent with an 'excellent' condition rating.
Year Built
1906
Close
-
List price
$1.75M
Original List price
$1.9M
Price/Sqft
$1,579
HOA
-
Days on market
-
Sold On
-
MLS number
25479585
Home ConditionExcellent
Features
Good View: Back Bay
Patio
ViewBack Bay

About this home

Beautifully remodeled 3-bedroom, 3.5-bath property with a detached ADU in the coveted Miracle Mile Beverly Center area! Perched on a lush hill, the main house is flooded with natural light, featuring a spacious living room with panoramic windows. The custom kitchen boasts a large island with exquisite tile work and top-tier appliances. The master suite serves as a serene retreat with elegant built-in vanities. The detached ADU includes one bedroom and one bathroom, perfect for rental or guest accommodations, reflecting the same craftsmanship as the main house. Centrally located near the Fairfax and Wilshire Districts, and the iconic Beverly Center, this Craftsman home offers easy access to shopping, dining, and transportation. Don't miss this chance to own a stunning property in one of LA's most desirable neighborhoods. Embrace luxury living and make this your dream home today!

Price History

Date
Event
Price
12/26/23
Sold
$1,800,000
08/25/22
Sold
$970,000
Condition Rating
Excellent
Despite being built in 1906, the listing explicitly states the property has been 'beautifully remodeled' with a 'custom kitchen' featuring 'exquisite tile work and top-tier appliances,' and a master suite with 'elegant built-in vanities.' The detached ADU also reflects the 'same craftsmanship.' This indicates a very recent and extensive renovation, bringing all components to a virtually new, high-quality standard, consistent with an 'excellent' condition rating.
Pros & Cons

Pros

Detached ADU: The property includes a detached Accessory Dwelling Unit (ADU) with one bedroom and one bathroom, offering excellent potential for rental income, guest accommodations, or multi-generational living.
Prime Location: Situated in the highly coveted Miracle Mile Beverly Center area, the property boasts central proximity to the Fairfax and Wilshire Districts, the iconic Beverly Center, and easy access to shopping, dining, and transportation.
Extensive Remodel & High-End Finishes: The home has been beautifully remodeled, featuring a custom kitchen with a large island, exquisite tile work, top-tier appliances, and a master suite with elegant built-in vanities, ensuring a luxurious and move-in ready experience.
Architectural Charm & Natural Light: As a Craftsman home, it offers classic architectural appeal. Perched on a lush hill, the main house is flooded with natural light through panoramic windows, creating a bright and inviting atmosphere.
Elevated Position with Potential Views: The property's position 'perched on a lush hill' with 'panoramic windows' suggests desirable views and an enhanced sense of privacy and elevation.

Cons

Compact Square Footage: With a total of 1108 sqft for a 3-bedroom, 4-bathroom property including a detached ADU, the living space is quite compact, which may be a consideration for some buyers at this price point.
Significant Price Discrepancy: The current listing price of $1.749M is substantially higher than the estimated property value of $1.24M, indicating potential overpricing or a disconnect with automated valuation models.
Extended Market Time & Price Reduction: The property has been on the market for over three months and has already undergone a price reduction from its original list price of $1.899M, suggesting challenges in attracting buyers at its initial valuation.

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