723 N Ridgewood Place, Los Angeles, California 90038, Los Angeles, 90038 - 4 bed, 4 bath
ACTIVE$1,790,000
723 N Ridgewood Place, Los Angeles, California 90038
4Beds
4Baths
3,732Sqft
6,732Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential: The property is a 4-unit building, providing immediate rental income potential for investors.
Top Cons:
Age of Property: Built in 1925, the property may require ongoing maintenance and potential upgrades due to its age.
Compared to the nearby listings
Price:$1.79M vs avg $1.30M (+$486,500)67%
Size:3,732 sqft vs avg 2,653.5 sqft67%
Price/sqft:$480 vs avg $58333%
More Insights
Built in 1925 (100 years old).
Condition: The property was built in 1925. The images show that the units have been maintained, but the kitchens and bathrooms appear dated. While the units seem functional, they would benefit from updates to bring them to modern standards. The presence of in-unit laundry is a plus, but overall, the condition suggests it's aged but maintained.
Year Built
1925
Close
-
List price
$1.79M
Original List price
$1.5M
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
SR25151773
Home ConditionFair
Features
Good View: Neighborhood
ViewNeighborhood
About this home
Incredible opportunity to own a well-maintained 4-unit property located in one of L.A.’s most iconic neighborhoods. Each spacious 1 bed, 1 bath unit features in-unit laundry, a well-appointed layout, and comfortable living space. Tenants enjoy the convenience of their own garage and carport parking space, a rare find in the area. Whether you’re an investor or looking to live in one unit and rent the others, this centrally located property is close to studios, shopping, dining, and everything Hollywood has to offer.
Condition Rating
Fair
The property was built in 1925. The images show that the units have been maintained, but the kitchens and bathrooms appear dated. While the units seem functional, they would benefit from updates to bring them to modern standards. The presence of in-unit laundry is a plus, but overall, the condition suggests it's aged but maintained.
Pros & Cons
Pros
Income Potential: The property is a 4-unit building, providing immediate rental income potential for investors.
In-Unit Laundry: Each unit features in-unit laundry, a highly desirable amenity for tenants.
Parking: The property includes garage and carport parking spaces for tenants, a rare and valuable feature in the area.
Prime Location: Located in Hollywood, the property is close to studios, shopping, dining, and entertainment, making it attractive to renters.
Spacious Units: Each unit offers a spacious 1 bed, 1 bath layout, providing comfortable living space for tenants.
Cons
Age of Property: Built in 1925, the property may require ongoing maintenance and potential upgrades due to its age.
Original List Price vs. Current List Price: The list price has increased from the original list price, which may deter some buyers.
Potential for Updates: While well-maintained, the units may benefit from modern updates to maximize rental income and attract higher-quality tenants.