838 N Ridgewood Place, Los Angeles, California 90038, Los Angeles, 90038 - 6 bed, 4 bath
Loading property details...
838 N Ridgewood Place
Los Angeles, California 90038
ACTIVE
CONDITION: EXCELLENT
6Beds
4Baths
2,386Sq Ft
5,790Lot Size
Property Price
LIST PRICE$1,399,000
EST. MARKET VALUE
$1,438,390
SUMMARY
This Hollywood Craftsman compound represents a Prime Investment Opportunity, listed at $1,399,000—positioned well below the $1,438,390 Fair Market Value by 2%. This valuation gap provides $39,390 in Instant Equity. Featuring a Condition Rating of 2, the property offers three turnkey residences with modern finishes, ideal for income generation or multi-generational living. Its prime location near Paramount Studios ensures high rental demand. This versatile asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, move-in ready compound.
Estimated Market Value
$1,438,390
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 |
|---|---|---|---|---|---|---|
★ 838 N Ridgewood Place Subject | $1,399,000* List Price | 6 | 4 | 2,386 | $603 | - |
A 5342 Lemon Grove Avenue Sold | $1,300,000 | 5 | 4 | 1,869 | $696 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1949, the property has undergone a comprehensive recent renovation (likely within the last 5 years) including remodeled kitchens with modern cabinetry, updated bathrooms with contemporary tile and fixtures, new flooring, and updated electrical/gas utilities. The interior is in mint, move-in ready condition with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Income & Multi-Generational Versatility
The property functions as a rare three-residence compound, featuring a stand-alone bungalow and a detached duplex, providing significant potential for rental income or flexible living arrangements for extended families.
- Turnkey Modernized Interiors
All three units have been comprehensively updated with remodeled kitchens, bathrooms, and flooring, offering a move-in-ready experience with separate utility meters for streamlined management.
- Prime Walkable Location
Situated in a high-demand Hollywood pocket near Paramount Studios, the property boasts excellent walkability to trendy micro-neighborhoods like Melrose Hill and is just minutes from Larchmont Village.
CONSRISKS & DEFICIENCIES
- 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.
- Limited Private Green Space
Due to the density of the three structures and the prioritization of six parking spaces, the lot is primarily hardscaped, offering minimal traditional yard or garden space for residents.
- High Maintenance Complexity
Managing three separate living units within a 1949-built compound increases the long-term maintenance overhead and structural oversight compared to a standard single-family residence.
About 838 N Ridgewood Place
Hollywood Craftsman Compound. Stand-alone California Bungalow home with detached duplex a block from Paramount Studios. Tucked behind a lush jacaranda tree in the heart of Hollywood, this home presents a rare opportunity to live, create and entertain across three beautifully appointed residences. Anchored by a charming freestanding three-bedroom, two-bath bungalow, with generous covered porch, hardwood flooring and fireplace. A detached rear duplex offers an additional two-bedroom residence plus a one-bedroom residence, each with their own laundries and lock-up garage parking. The home and both units feature remodeled kitchens, bathrooms and flooring, each unit with separate electric and gas utilities. The gated, hardscaped surrounds serve as ample parking (6 spaces) or provide multiple outdoor areas to use and enjoy. This compound provides exceptional flexibility for extended family, nanny accommodations, private offices or income-generating use. Minutes walk to LA's hottest, walkable art and dining micro-neighborhoods Noko and Melrose Hill. Located within 3-mins drive of Larchmont Village, central to the East Side and DTLA. This is an incredible chance to own an income producing property that lives like a home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 5,790 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,386 | 1,664.159 |
| Lot Size | 5,790 | 6,066.556 |
| Price | $1.40M | $1.35M |
| Price per sq ft | $586 | $806 |
| Built year | 1949 | 1939 |
| HOA | $0 | $278 |
| Days on market | 37 | 55 |
Pricing History
Listed for Sale
Aug 3, 2026
$1,399,000
Initial Listing
Sold
Feb 5, 2016
$1,265,000
Public Record
Sold
Jul 31, 2015
$899,000
Public Record
Sold
Oct 7, 1998
$195,000
Public Record