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106 N Ridgewood Place, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 2 bath

106 N Ridgewood Place, Los Angeles, California 90004 home-pic-0
ACTIVE UNDER CONTRACT$1,699,000
106 N Ridgewood Place, Los Angeles, California 90004
3Beds
2Baths
1,649Sqft
5,622Lot
Year Built
1919
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$1,030
HOA
-
Days on market
-
Sold On
-
MLS number
24380693
Home ConditionFair
Features
Deck
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.70M(37th), sqft - 1649(24th), beds - 3(50th), baths - 2(42th).

Excellent opportunity for owner-users or investors. Welcome to this charming Hancock Park / Larchmont Village home. This 1919 built home exudes character, has been well maintained and is ready for its next chapter. First time on market in nearly 30 years. Prime for remodel and/or expansion to make it truly your own. Set back from the street, the front walkway leads to character home that has been loved and has so much potential. Enter into the spacious living room with crown moldings, decorative fireplace and great natural light. The dining room flows into an open kitchen, ideal for entertaining. The kitchen includes breakfast area and wet bar, with newer stove. The enclosed den opens to an oversized deck. and makes for a great work from home space, or playroom. The large primary bedroom has an en-suite bath and laundry. Low water landscaping and beautiful trees along driveway. Detached garage ready to be converted to an office, or ADU. Phenomenal location on a quiet street, close to Larchmont, coffee shops, Farmer's Market and restaurants. The possibilities are endless with this great property. Seeking to move right into your first home in an exceptional neighborhood, or renovate into something sleek and new, or expand into a larger home with ADU and a pool. Endless opportunities with the classic find. Do Not Disturb Occupants, will be delivered vacant.

Nearby schools

6/10
Van Ness Avenue Elementary School
Public,•K-5•0.5mi
6/10
Wilshire Park Elementary School
Public,•K-5•0.9mi
8/10
Third Street Elementary School
Public,•K-5•1.2mi
7/10
Queen Anne Place Elementary School
Public,•K-5•1.8mi
7/10
John Burroughs Middle School
Public,•6-8•1.5mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.5mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.6mi
4/10
Los Angeles Senior High School
Public,•9-12•1.6mi
7/10
Fairfax Senior High School
Public,•9-12•2.8mi

Price History

Date
Event
Price
05/30/24
Sold
$1,685,000
06/15/94
Sold
$230,000
Condition Rating
Fair
The property, built in 1919, is well-maintained and has good bones, as evidenced by the hardwood floors and overall cleanliness. However, the kitchen features dated mosaic tile backsplash, tile countertops, and checkerboard floor tiles, indicating it has not been extensively renovated recently. While the description mentions a 'newer stove,' the overall kitchen aesthetic is clearly outdated. The bathrooms, though clean and functional, also show signs of age with classic pedestal sinks, small hexagonal floor tiles, and older light fixtures, suggesting they are not modern. The listing itself states the home is 'prime for remodel and/or expansion,' reinforcing that significant updates are needed to meet current quality standards and styles. This aligns with the 'fair' criteria of requiring minor updates and showing signs of being outdated, with renovations likely 15-30 years ago.
Pros & Cons

Pros

Prime Location: Situated in the highly desirable Hancock Park / Larchmont Village area, known for its quiet streets, proximity to local amenities like coffee shops, the Farmer's Market, and restaurants.
Significant Value-Add Potential: The property is explicitly described as 'prime for remodel and/or expansion' and features a detached garage ready for conversion into an office or ADU, offering substantial upside for customization and increased value.
Historic Charm and Character: Built in 1919, the home 'exudes character' with features like crown moldings and a decorative fireplace, appealing to buyers seeking classic architectural style.
Versatile Living Spaces: Includes a spacious living room, an open kitchen ideal for entertaining, and an enclosed den that can serve as a work-from-home space or playroom, opening to an oversized deck.
Rare Market Opportunity: This is the 'first time on market in nearly 30 years,' suggesting a stable ownership history and a unique chance to acquire a property in this coveted neighborhood.

Cons

Age and Potential for Outdated Systems: As a 1919-built home, despite being 'well maintained,' it likely has older infrastructure (e.g., plumbing, electrical, HVAC) that may require significant investment to update to modern standards.
Required Capital Investment for Modernization: The listing emphasizes it's 'prime for remodel' and offers 'endless opportunities' to 'renovate into something sleek and new,' indicating that substantial additional capital will be needed post-purchase to realize its full potential.
Lack of Explicit Modern Amenities: The description highlights character but does not mention modern conveniences such as central air conditioning, which could be a drawback for comfort in Los Angeles' climate.

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