2338 Ridgeview, Los Angeles, California 90041, Los Angeles, 90041 - 4 bed, 3 bath
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2338 Ridgeview
Los Angeles, California 90041
ACTIVE
CONDITION: POOR
4Beds
3Baths
1,352Sq Ft
7,546Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$1,061,858
6% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $995,000—positioned well below the $1,061,858 Fair Market Value by 6%. This valuation gap offers $66,858 in Instant Equity. With a Condition Rating of 5, the home requires significant renovation, yet the 7,546-square-foot lot and detached structures provide immense potential for ADU conversion. Located near top-rated schools like Delevan Drive Elementary, this is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Estimated Market Value
$1,061,858+$66,858 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2338 Ridgeview Subject | $995,000* List Price | 4 | 3 | 1,352 | $785 | - |
A 4727 College View Avenue Sold | $855,000 | 3 | 1 | 1,548 | $552 | 0.3 mi |
B 5233 Lockhaven Avenue Sold | $925,000 | 3 | 1 | 1,172 | $789 | 0.9 mi |
C 1533 N Avenue 46 Sold | $1,015,000 | 2 | 1 | 1,260 | $806 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1922 with no significant recent renovations mentioned or visible. The listing explicitly targets investors and developers, noting 'substantial renovation potential.' Visuals show dated popcorn ceilings, weathered exterior stucco, and visible wood rot on the eaves of detached structures, indicating that systems, kitchen, and baths likely require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7546, living area = 1352.
- Great Schools
Elementary School: Delevan Drive Elementary School (9/10).
- ADU & Value-Add Potential
The property includes a detached storage area and a garage/laundry space with existing plumbing, offering significant potential to convert these structures into ADUs or guest quarters for rental income or multi-generational living.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Built in 1922 and marketed as a project for buyers to 'bring their vision,' the property likely requires a significant capital investment to update aging systems and structural elements.
- Compact Living Space
With four bedrooms and three bathrooms configured within only 1,352 square feet, the interior layout may feel cramped and lack the spacious common areas expected in a modern family home.
About 2338 Ridgeview
Welcome to 2338 Ridgeview Avenue, a 4-bedroom, 3-bathroom home offering approximately 1,352 square feet of living space on a generous 7,546-square-foot lot in the desirable Eagle Rock neighborhood. In addition to the main residence, the property features valuable bonus spaces, including a detached storage area with bath, as well as a garage/laundry area with additional bath space—providing exciting possibilities for a future ADU, guest quarters, home office, studio, or additional living space, subject to permits and buyer verification. With its flexible layout and substantial renovation potential, this property presents an excellent opportunity for investors, developers, or buyers looking to customize and create their dream home. Conveniently located near Occidental College, schools, shopping, dining, and major freeways. Bring your vision and unlock the full potential of this unique Eagle Rock property!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 7,546 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Eagle Rock Elementary and Magnet Center
Grades K-6 • 0.5 mi
8/10
Delevan Drive Elementary School
Grades K-6 • 0.6 mi
9/10
Toland Way Elementary School
Grades K-6 • 0.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,352 | 1,664.159 |
| Lot Size | 7,546 | 6,066.556 |
| Price | $995.0K | $1.35M |
| Price per sq ft | $736 | $806 |
| Built year | 1922 | 1939 |
| HOA | $0 | $278 |
| Days on market | 12 | 55 |
Pricing History
Listed for Sale
Aug 28, 2026
$995,000
Initial Listing