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1359 S Ridgeley Drive, Los Angeles, California 90019, Los Angeles, 90019 - 6 bed, 4 bath

1359 S Ridgeley Drive, Los Angeles, California 90019 home-pic-0
ACTIVE$1,990,000
1359 S Ridgeley Drive, Los Angeles, California 90019
6Beds
4Baths
3,866Sqft
6,617Lot
Year Built
1949
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
$515
HOA
-
Days on market
-
Sold On
-
MLS number
25600405
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.99M(86th), sqft - 3866(97th), beds - 6(95th), baths - 4(77th).

Discover this impeccably maintained fourplex, featuring two charming 1-bedroom units and two spacious 2-bedroom units, all nestled in a tranquil neighborhood rich with historic homes. The property is adorned with mature, lush landscaping, offering individual entries and private patios for each unit, along with the convenience of in-unit washers and dryers. Experience the timeless elegance of vintage hardwood floors that showcase exceptional craftsmanship. There's also significant potential for added value in the four-car garage. This is not just an investment; it's a remarkable legacy property that promises both enduring enjoyment and unparalleled style for years to come. Prime location surrounded by beautifully heritage homes, this duplex is just minutes from Larchmont Village, Cedars, The Grove, Beverly Hills, and Downtown LA, making it a prime location with exceptional rental demand. Don't miss the chance to make this exceptional property your own! Buyer to cooperate with seller's 1031 exchange.

Price History

Date
Event
Price
10/01/25
Listing
$1,990,000
04/08/08
Sold
$1,165,000
02/04/04
Sold
$875,000
Condition Rating
Fair
Built in 1949, this property shows signs of regular maintenance but has not undergone a recent extensive renovation. The kitchen, while functional with updated stainless steel appliances (range, hood, and in-unit washer/dryer), features dated tiled countertops, backsplash, and a vintage wall-mounted faucet and sink. Hardwood floors are present in some areas and appear well-maintained, consistent with the 'vintage' description. Bedrooms have clean carpeting. Light fixtures are a mix of basic flush mounts and a more modern chandelier in the dining area. The overall condition suggests the property is livable and well-kept, but the kitchen (and likely the unpictured bathrooms) would require significant cosmetic updates to meet current aesthetic standards, aligning with the 'Fair' category's description of major components being functional but showing signs of being outdated.
Pros & Cons

Pros

Exceptional Location & Rental Demand: The property boasts a prime location minutes from major LA hubs like Larchmont Village, The Grove, and Beverly Hills, ensuring exceptional rental demand and tenant appeal.
Well-Maintained Fourplex with Desirable Amenities: An impeccably maintained fourplex offering a versatile unit mix (two 1-bed, two 2-bed) with individual entries, private patios, and in-unit washers/dryers, enhancing tenant satisfaction and retention.
Value-Add Potential in Garage: The four-car garage presents significant potential for added value, whether through conversion, additional parking income, or other creative uses.
Historic Charm & Quality Craftsmanship: Features vintage hardwood floors and is situated in a tranquil neighborhood rich with historic homes, offering timeless elegance and a unique aesthetic appeal.
Long-Term Legacy Investment: Positioned as a remarkable legacy property, it offers enduring enjoyment and style, appealing to investors seeking long-term appreciation and stable income.

Cons

Seller's 1031 Exchange Requirement: The buyer's cooperation with the seller's 1031 exchange may introduce additional complexities or delays to the transaction process.
Data Discrepancy & Future Listing Date: Inconsistent property type (fourplex vs. Single Family Residence) and a future 'on_market_date' (2025-10-01) suggest potential data errors or a pre-market listing, requiring clarification.
Absence of Views: The property lacks any notable views, which could be a missed opportunity for increased value or rental premium in a competitive Los Angeles market.

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