
Los Angeles, California 90038
Analysis of 833 N Ridgewood Place, Los Angeles, California 90038 is currently available with a list price of $1,075,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a 1923 build that appears well-maintained with original hardwood floors, but it is dated. The presence of a wall heater indicates a lack of modern central HVAC, and the overall aesthetic and infrastructure (older windows and garages) suggest the property has not had a major renovation in over 20 years.
Situated near Paramount Studios and Melrose Avenue, the property offers exceptional proximity to major employment hubs, trendy shopping, and dining, ensuring high tenant demand.
The vacant top-floor two-bedroom unit features character details, hardwood floors, and downtown views, providing a rare opportunity for an owner-occupant to move in immediately.
Unlike many vintage properties in the area, this triplex provides a dedicated garage space for each unit, significantly increasing its marketability and convenience.
The presence of stable, long-term tenants in the two downstairs units suggests that rental income may be significantly below current market rates due to Los Angeles rent stabilization ordinances.
Built in 1923, the property may require ongoing maintenance or costly upgrades to aging plumbing, electrical, and mechanical systems common in century-old structures.
This Spanish triplex is down the street from Paramount Studios, adjacent to Melrose Ave and nearby employment, shops, places to eat...convenient to just about everything. The top floor, two bedroom owner's unit is empty, charming, beautiful and has a view of downtown from the front bedroom and balcony. The location and amenities are incredible and the other two units make it incredibly affordable...for what you would pay for a house about the size of the top unit you can own this triplex. Rich, hardwood floors are found in the living room, dining room and both bedrooms. Abundant windows bring light streaming into every room. There is so much storage including a pantry and closets in the living room and dining room. The rooftop balcony off the front bedroom faces east and has a partial view of the downtown skyline. Giant, rear balcony is accessed from the service porch or the back yard. Laundry hookups and machines are on the service porch along with the pantry. The two downstairs units are large, one bedrooms with stable, long term tenants. Each unit gets its own garage space in the back.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,136 | 2,187.451 |
| Lot Size | 6,737 | 5,841.385 |
| Price | $1.07M | $841.5K |
| Price per sq ft | $343 | $385 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 13 | 85 |
Aug 27, 2026
$1,075,000
Initial Listing
Feb 3, 2025
$682,500
Public Record