922 N Ridgewood Pl, Los Angeles, California 90038, Los Angeles, 90038 - 3 bed, 4 bath

922 N Ridgewood Pl, Los Angeles, California 90038 home-pic-0
ACTIVE$1,495,000
922 N Ridgewood Pl, Los Angeles, California 90038
3Beds
4Baths
2,240Sqft
1,407Lot
Year Built
2022
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$667
HOA
$50
Days on market
-
Sold On
-
MLS number
BB25051895
Home ConditionExcellent
Features
Good View: Hills
Deck
ViewHills

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.50M(93th), sqft - 2240(79th), beds - 3(50th), baths - 4(50th).

Sleek spacious corner unit is the sexy smart space you need in Melrose Hill, Los Angeles! This turnkey new construction is a perfect lock and go or pied-à-terre, not restricted by short term rentals: live, work, and rent/time share. Three bedrooms with en-suite bathrooms, plus powder room on level two; four levels culminate at rooftop terrace with epic view of the HOLLYWOOD sign. Two car garage includes overhead bike racks, second fridge, and car charger. Inside storage provides shelving, media closet, appliance depot (with additional electrical outlets) + custom closets close to Paramount Pictures, Netflix Headquarters, and Raleigh Studios. Sunset says, "This is L.A.'s Hottest Neighborhood Right Now." You can't beat the square footage, upgrades, and prime location. This sumptuous spot, intersected by Melrose, is home to Italian eatery Ètra, cool coffee shop Café Telgrama, chic L.A. Grocery and Café, and Filipino spot, Kuya Lord (Best Chef In California from the James Beard Foundation) is why Eater wrote, "How Melrose Hill Became LA’s Hottest Culinary Boom Town." Shop at Pop Up Home, have a splash at Bar Etoile, and explore global gallerist David Zwirner just steps away. Near Metro, Cinespia at Hollywood Forever (viewing iconic films), and Larchmont Village Farmer's Market; Hancock Park adjacent. Culture vulture's this is your sign to come check out this luxury loft like single family home on an ultra tiny lot in premium position with three exposures for all the light.

Price History

Date
Event
Price
02/28/24
Sold
$1,350,000
Condition Rating
Excellent

This property was built in 2022, making it a very recent new construction. The description highlights it as a 'turnkey new construction' with 'upgrades' and a 'sleek spacious corner unit.' The images confirm a modern aesthetic throughout, featuring contemporary flooring (likely LVP or engineered wood), recessed lighting, and high-quality finishes. The bathroom shown is fully updated with modern fixtures, a glass-enclosed shower, and stylish tiling. The garage includes modern amenities like an EV charger and overhead bike racks. All components appear new or virtually new, meeting current quality standards with no signs of deferred maintenance or physical depreciation.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2022, this property is a turnkey, sleek, and smart space, offering contemporary aesthetics and minimizing immediate maintenance needs.
Prime & Dynamic Location: Located in Melrose Hill, described as 'L.A.'s Hottest Neighborhood,' with excellent proximity to major studios (Paramount, Netflix), acclaimed dining, shopping, and cultural attractions.
Rooftop Terrace with Iconic Views: The property culminates in a rooftop terrace offering an 'epic view of the HOLLYWOOD sign,' providing a premium space for relaxation and entertaining.
Income-Generating Potential: Not restricted by short-term rental limitations, offering significant flexibility for live, work, and rent/time share options.
Premium Amenities & Storage: Features an equipped two-car garage with an EV charger and overhead bike racks, complemented by extensive interior custom storage solutions including a media closet and appliance depot.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1407, living area = 2240.
Ultra Tiny Lot Size: The property is situated on an 'ultra tiny lot' of 1407 sqft, which is exceptionally small for a single-family home and limits outdoor space.
Overpriced Relative to Estimation: The listing price of $1.495M is notably higher than the property's estimated value of approximately $1.31M, suggesting it may be overvalued in the current market.
HOA Fee for Single Family Home: Despite being a 'single family home,' there is an ongoing association fee of $50, which might be an unexpected cost for some buyers in this property type.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state