250 N Ridgewood Place N, Los Angeles, California 90004, Los Angeles, 90004 - 6 bed, 5 bath
ACTIVE$1,200,000
250 N Ridgewood Place N, Los Angeles, California 90004
6Beds
5Baths
2,080Sqft
5,879Lot
Year Built
1920
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$577
HOA
-
Days on market
-
Sold On
-
MLS number
TR25243408
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Fairly Priced:The estimated price is in line with the list price. We found 4 Cons,5 Pros. Rank: price - $1.20M(24th), sqft - 2080(44th), beds - 6(94th), baths - 5(84th).
This great 1920 Spanish style property is in the popular area of Hancock Park in Mid-Wilshire. This 4 unit income property is on a quiet street. The living room and dining room faces the courtyard. The remodeled kitchen has an eating bar and ceramic tile throughout. One unit has 3 bedrooms and 1.5 bathrooms and 3 studio units with 3/4 bathrooms, 1 studio unit has a kitchenette. The courtyard offers a private atmosphere under a covered patio. Property has 1 meter, Buyer to do own due diligence about any county or city permits and zoning. Buyer to verify sq. ft.
Nearby schools
6/10
Van Ness Avenue Elementary School
Public,•K-5•0.3mi
6/10
Wilshire Park Elementary School
Public,•K-5•1.1mi
8/10
Third Street Elementary School
Public,•K-5•1.2mi
7/10
Queen Anne Place Elementary School
Public,•K-5•2.0mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.3mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.5mi
7/10
John Burroughs Middle School
Public,•6-8•1.6mi
4/10
Los Angeles Senior High School
Public,•9-12•1.7mi
7/10
Fairfax Senior High School
Public,•9-12•2.7mi
Price History
Date
Event
Price
11/08/25
Listing
$1,200,000
Condition Rating
Poor
Built in 1920, this property is over 100 years old. While the listing mentions one 'remodeled kitchen,' the images reveal basic, dated kitchenettes and bathrooms in other units, and the 'remodeled' kitchen itself appears functional but not modern or high-end, lacking visible appliances. Exposed wiring is visible in one unit, indicating significant safety concerns and deferred maintenance. Heating relies on wall-mounted units, suggesting a lack of central HVAC. The overall condition points to substantial repairs and rehabilitation needed across the four units to meet modern living standards and address safety issues, aligning with a 'Poor' rating.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable Hancock Park area of Mid-Wilshire, known for its prestige and strong property values in Los Angeles.
Income-Generating Asset: As a 4-unit income property, it offers significant rental income potential, making it an attractive investment opportunity.
Desirable Architectural Style: The property boasts a charming 1920 Spanish style, which is often sought after for its unique character and aesthetic appeal.
Remodeled Kitchen: At least one unit features a remodeled kitchen with an eating bar and ceramic tile, providing a modern and updated living space.
Private Outdoor Space: A private courtyard with a covered patio offers an appealing and secluded outdoor area for residents.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
Shared Utilities: The property has only one meter for four units, which can complicate utility billing, allocation, and management for both tenants and the owner.
Extensive Buyer Due Diligence: The listing explicitly requires the buyer to verify permits, zoning, and square footage, suggesting potential undisclosed issues or a lack of clear documentation that could lead to unforeseen costs or complications.
Conflicting Property Classification: Described as a '4 unit income property' but listed as a 'Single Family Residence,' this discrepancy creates ambiguity regarding zoning compliance, financing options, and legal use, requiring immediate clarification.