250 N Ridgewood Place N, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath
ACTIVE$1,200,000
250 N Ridgewood Place N, Los Angeles, California 90004
0Bed
0Bath
2,080Sqft
5,879Lot
Year Built
1920
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$577
HOA
-
Days on market
-
Sold On
-
MLS number
TR24238482
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 2080(50th), beds - undefined(50th), baths - undefined(50th).
This great 1920 Spanish style property is in the popular area of Hancock Park in Mid-Wilshire. This 4 unit income property is on a quiet street. The living room and dining room faces the courtyard. The remodeled kitchen has an eating bar and ceramic tile throughout. One unit has 3 bedrooms and 1.5 bathrooms and 3 studio units with 3/4 bathrooms, 1 studio unit has a kitchenette. The courtyard offers a private atmosphere under a covered patio. Property has 1 meter, Buyer to do own due diligence about any county or city permits and zoning. Buyer to verify sq. ft.
Nearby schools
6/10
Van Ness Avenue Elementary School
Public,•K-5•0.3mi
6/10
Wilshire Park Elementary School
Public,•K-5•1.1mi
8/10
Third Street Elementary School
Public,•K-5•1.2mi
7/10
Queen Anne Place Elementary School
Public,•K-5•2.0mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.3mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.5mi
7/10
John Burroughs Middle School
Public,•6-8•1.6mi
4/10
Los Angeles Senior High School
Public,•9-12•1.7mi
7/10
Fairfax Senior High School
Public,•9-12•2.7mi
Price History
Date
Event
Price
12/11/24
Listing
$1,200,000
Condition Rating
Fair
Built in 1920, this property shows its age despite some updates. While the main kitchen appears to have been remodeled with functional, relatively modern appliances and ceramic tile flooring, the main bathroom is severely outdated with original or very old fixtures, pink sinks, and worn mosaic tile, requiring a full renovation. Other units feature basic kitchenettes. The exterior shows deferred maintenance with an old garage door and unkempt landscaping. The property is functional but requires significant updates and repairs, particularly in the bathrooms, to meet current standards and appeal.
Pros & Cons
Pros
Income-Generating Asset: This is a 4-unit income property, offering significant rental income potential and diversification for an investor in a desirable Los Angeles market.
Prime Location: Situated in the popular Hancock Park area of Mid-Wilshire on a quiet street, known for its desirable neighborhoods, amenities, and strong rental demand.
Historic Architectural Charm: The 1920 Spanish style property offers unique character and curb appeal, appealing to tenants and buyers seeking classic Los Angeles architecture.
Updated Unit Features: One unit features a remodeled kitchen with an eating bar and ceramic tile, enhancing its appeal and potential rental value.
Private Outdoor Amenity: The property includes a private courtyard with a covered patio, providing a desirable outdoor living space for residents.
Cons
Shared Utilities: The property has only one meter, which can complicate utility billing and management for a multi-unit property, potentially leading to tenant disputes or increased owner burden.
Extensive Buyer Due Diligence Required: The listing explicitly states the buyer must verify permits, zoning, and square footage, suggesting potential undisclosed issues or a lack of comprehensive seller information that could lead to unexpected costs or complications.
Age-Related Maintenance & Upgrades: As a 1920-built property, it is likely to require ongoing maintenance and potential significant upgrades to its older infrastructure (e.g., plumbing, electrical, roof) to meet modern standards and avoid future issues.