250 N Ridgewood Place N, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath
ACTIVE$1,200,000
250 N Ridgewood Place N, Los Angeles, California 90004
0Bed
0Bath
2,080Sqft
5,879Lot
Price Vs. Estimate
The estimated value ($1,315,104.25) is $115,104.25 (9%) higher than the list price ($1,200,000). This property may be underpriced.
Key pros and cons
Top Pros:
Income-Generating Potential: Described as a '4 unit income property,' offering significant rental income potential for investors or owner-occupiers.
Top Cons:
Single Utility Meter: The property has '1 meter' for four units, which complicates individual utility billing for tenants and can lead to disputes or increased management burden for the owner.
Compared to the nearby listings
Price:$1.20M vs avg $2.26M ($-1,063,025)24%
Size:2,080 sqft vs avg 2,367 sqft44%
Price/sqft:$577 vs avg $1.0K10%
More Insights
Built in 1920 (105 years old).
Condition: The property, built in 1920, shows signs of age with some dated renovations. While the description mentions a 'remodeled kitchen' with an eating bar and ceramic tile, no images of the kitchen are provided to assess its current style or condition. The visible bathroom features clearly outdated pink/peach ceramic tiles, an older vanity, and hexagonal floor tiles, suggesting a renovation from 15-30+ years ago. Other units shown have basic ceramic tile flooring and wall-mounted heaters, indicating a lack of modern central HVAC. The property appears maintained and functional, but requires significant cosmetic updates to bathrooms and potentially the kitchen to meet current standards. It is not in a state of disrepair warranting a 'poor' rating, but it is far from 'good' or 'excellent' due to its age and dated features.
Year Built
1920
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$577
HOA
-
Days on market
-
Sold On
-
MLS number
TR25243428
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
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
Condition Rating
Fair
The property, built in 1920, shows signs of age with some dated renovations. While the description mentions a 'remodeled kitchen' with an eating bar and ceramic tile, no images of the kitchen are provided to assess its current style or condition. The visible bathroom features clearly outdated pink/peach ceramic tiles, an older vanity, and hexagonal floor tiles, suggesting a renovation from 15-30+ years ago. Other units shown have basic ceramic tile flooring and wall-mounted heaters, indicating a lack of modern central HVAC. The property appears maintained and functional, but requires significant cosmetic updates to bathrooms and potentially the kitchen to meet current standards. It is not in a state of disrepair warranting a 'poor' rating, but it is far from 'good' or 'excellent' due to its age and dated features.
Pros & Cons
Pros
Income-Generating Potential: Described as a '4 unit income property,' offering significant rental income potential for investors or owner-occupiers.
Prime Location: Situated in the 'popular area of Hancock Park in Mid-Wilshire' on a 'quiet street,' known for its desirability and central access in Los Angeles.
Historic Spanish Architecture: A '1920 Spanish style property' provides unique character and architectural appeal, often sought after in this area.
Updated Kitchen: Features a 'remodeled kitchen with an eating bar and ceramic tile throughout,' indicating a key living space has been modernized.
Private Outdoor Space: The property includes a 'courtyard offering a private atmosphere under a covered patio,' enhancing livability and appeal.
Cons
Single Utility Meter: The property has '1 meter' for four units, which complicates individual utility billing for tenants and can lead to disputes or increased management burden for the owner.
Discrepancy in Property Type & Potential Zoning Issues: The listing identifies the property as a '4 unit income property' while the `sub_type` is 'Single Family Residence,' which is a significant red flag that could indicate unpermitted units or zoning non-compliance.
Extensive Buyer Due Diligence Required: The listing explicitly states 'Buyer to do own due diligence about any county or city permits and zoning' and 'Buyer to verify sq. ft.,' suggesting potential unverified aspects or non-conforming elements that could impact future use or value.