1364 S Ridgeley, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 4 bath
ACTIVE$1,650,000
1364 S Ridgeley, Los Angeles, California 90019
3Beds
4Baths
1,581Sqft
6,034Lot
Price Vs. Estimate
The estimated value ($1,596,931.365) is $53,068.635 (3%) lower than the list price ($1,650,000). This property may be overpriced.
Key pros and cons
Top Pros:
New Permitted ADU: A brand new, fully permitted Accessory Dwelling Unit (ADU) built in December 2024 significantly enhances property value, offers rental income potential, or provides flexible living arrangements.
Top Cons:
Unusual Price History: The property was sold for $1.8 million in January 2024, prior to the ADU addition and extensive remodel, yet is now listed at a lower price of $1.65 million, which may raise questions about valuation or market perception.
Compared to the nearby listings
Price:$1.65M vs avg $1.42M (+$235,000)70%
Size:1,581 sqft vs avg 1,761.5 sqft42%
Price/sqft:$1.0K vs avg $80182%
More Insights
Built in 1906 (119 years old).
Condition: The property has undergone a comprehensive, high-quality renovation of the main house and includes a brand new, fully permitted ADU built in December 2024. The description explicitly states it was 'FULLY RENOVATED with highest quality material' and 'no one has ever lived in it' since the remodel. Both kitchens feature modern white shaker cabinets, white subway tile backsplashes, and new stainless steel appliances. Bathrooms are updated with contemporary finishes and tiling. Flooring is a mix of large format tile/polished concrete and wood-look laminate, all appearing new. Recessed lighting is prevalent throughout. This meets all criteria for an 'excellent' condition score, as it has been extensively renovated within the last year, with all components being new or virtually new.
Year Built
1906
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$1,044
HOA
-
Days on market
-
Sold On
-
MLS number
SR25277859
Home ConditionExcellent
Features
ViewNeighborhood
About this home
BEAUTIFUL FULLY REMODELED 2 Master Bedrooms and 3 bath MAIN house with a BRAND NEW FULLY PERMITTED 1 bedroom & 1 bath ADU (BUILT in Dec 2024). This home was last sold in January 2nd, 2024 for $1,800,000 before the property had an ADU and was remodeled. It has since been FULLY RENOVATED with highest quality material and designed to be your dream home and no one has ever lived in it. Both units have inside laundry and highest quality appliances. WELCOME TO YOUR BRAND NEW HOME!!! HUGE UPSIDE as the next door property is an almost finished new construction that will boost this home's price up even more!!! Don't miss out on this home as this wont last long! COME AND SEE IT TODAY!
Price History
Date
Event
Price
12/26/23
Sold
$1,800,000
08/25/22
Sold
$970,000
Condition Rating
Excellent
The property has undergone a comprehensive, high-quality renovation of the main house and includes a brand new, fully permitted ADU built in December 2024. The description explicitly states it was 'FULLY RENOVATED with highest quality material' and 'no one has ever lived in it' since the remodel. Both kitchens feature modern white shaker cabinets, white subway tile backsplashes, and new stainless steel appliances. Bathrooms are updated with contemporary finishes and tiling. Flooring is a mix of large format tile/polished concrete and wood-look laminate, all appearing new. Recessed lighting is prevalent throughout. This meets all criteria for an 'excellent' condition score, as it has been extensively renovated within the last year, with all components being new or virtually new.
Pros & Cons
Pros
New Permitted ADU: A brand new, fully permitted Accessory Dwelling Unit (ADU) built in December 2024 significantly enhances property value, offers rental income potential, or provides flexible living arrangements.
Comprehensive High-Quality Renovation: The main house has undergone a full, high-quality renovation with modern design and materials, and has not been lived in since completion, offering a pristine, move-in ready experience.
Modern Conveniences & Appliances: Both the main house and ADU are equipped with high-quality appliances and convenient in-unit laundry facilities, catering to contemporary living standards.
Prime Los Angeles Location: Situated in the desirable Mid-Wilshire area (C17) of Los Angeles, offering excellent access to city amenities, cultural attractions, and employment centers.
Potential for Future Value Growth: The presence of an almost finished new construction property next door suggests a positive trend for neighborhood development and potential future appreciation for this home.
Cons
Unusual Price History: The property was sold for $1.8 million in January 2024, prior to the ADU addition and extensive remodel, yet is now listed at a lower price of $1.65 million, which may raise questions about valuation or market perception.
Advanced Age of Original Construction: While extensively remodeled, the main structure dates back to 1906, which could imply potential long-term maintenance considerations or hidden issues related to the original foundation and infrastructure.
Compact Combined Living Space: With a total of 1581 square feet for both the main house (2 master bedrooms, 3 baths) and the 1-bedroom, 1-bath ADU, the individual living spaces within each unit may be perceived as relatively compact.