2232 S Ridgeley Drive, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 2 bath
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Los Angeles, California 90016
This 1925 Spanish-style residence represents a High-Potential Investment Opportunity, listed at a List Price of $799,000—positioned well below the $826,228 Fair Market Value by 3%. This valuation gap offers $27,228 in Instant Equity for buyers. With a Condition Rating of 5, the property requires comprehensive renovation, yet the 6,364 sqft lot and detached garage provide significant upside for expansion. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a value-add project in a prime Mid-City location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2232 S Ridgeley Drive Subject | $799,000* List Price | 3 | 2 | 1,308 | $632 | - |
A 2207 S Cochran Sold | $870,000 | 2 | 1 | 1,241 | $701 | 0.2 mi |
B 2115 S Redondo Boulevard Sold | $878,000 | 3 | 1 | 1,399 | $628 | 0.4 mi |
C 2430 S Cochran Avenue Sold | $740,000 | 2 | 1 | 1,340 | $552 | 0.2 mi |
D 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.4 mi |
E 5577 Homeside Avenue Sold | $665,000 | 3 | 2 | 1,070 | $621 | 0.7 mi |
F 2407 S Orange Drive Sold | $850,000 | 3 | 2 | 1,576 | $539 | 0.4 mi |
G 1929 Carmona Avenue Pending | $899,999 List Price | 2 | 1 | 1,161 | $775 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925 and marketed as a 'reimagine' opportunity, this property shows significant age with original character details and windows that likely require replacement. The listing's emphasis on 'renovation potential' and 'sold in present condition' suggests that the kitchen, baths, and major systems (HVAC/Electric) are outdated and require a full rehab to meet modern standards.
The property is ideally situated near Culver City and West Adams, offering excellent proximity to major transit corridors, popular restaurants, and neighborhood amenities in a high-demand area.
With a generous 6,364 sqft lot and a detached garage, there is substantial room for expansion, creative landscaping, or the addition of an ADU to maximize the property's long-term equity.
This 1925 Spanish-style residence features original character details and a functional floor plan, providing a desirable aesthetic foundation for a high-end restoration project.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6364, other record lot size in square feet = 6443.
The property is being sold in its present condition and requires comprehensive renovation, which may limit financing options and necessitate significant immediate capital investment.
Given the home's 1925 construction and 'opportunity' status, buyers should anticipate the need for extensive updates to aging systems such as electrical, plumbing, and HVAC to meet modern standards.
**An offer has been accepted. Seller is currently seeking backup offers.** Opportunity in Mid-City. This Spanish-style residence offers a compelling chance for an owner-user, investor, or developer to reimagine a well-located property at an accessible price point. The home features original character details, a functional floor plan, a detached garage, a long driveway, and yard space with room to improve. With renovation, the property has strong potential as a primary residence or value-add project. Conveniently located near Culver City, West Adams, major transit corridors, restaurants, shopping, and neighborhood amenities. Property is being sold in its present condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,308 | 1,672 |
| Lot Size | 6,364 | 6,067 |
| Price | $799.0K | $1.37M |
| Price per sq ft | $611 | $801 |
| Built year | 1925 | 1939 |
| HOA | $0 | $348 |
| Days on market | 22 | 56 |
Jun 30, 2026
$799,000
Initial Listing
Aug 30, 2013
$474,000
Public Record
May 17, 2013
$335,000
Public Record