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847 N Ridgewood Pl, Los Angeles, CA 90038
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847 N Ridgewood Pl Los Angeles, CA 90038

$1,399,999
  • 5 Beds
  • 4 Baths
  • 6,735 Sq.Ft.
Back Up Offer
$1,399,999 Get Pre-Qualified
Map preview of 847 N Ridgewood Pl, Los Angeles, CA 90038

Property Overview: 847 N Ridgewood Pl Los Angeles, CA has 5 bedrooms, 4 bathrooms, 6,735 living square feet and 6,735 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to N. Ridgewood Pl. Treelined street with legendary views of the Hollywood Sign. A great opportunity awaits in this Four Plex in Prime Location adjacent to Paramount Studios in Hollywood, CA! There are four units in the building consisting of: Unit 1 with 2 bdrm + 1 bthrm; Remaining 3 Units are 1 bdrm +1bath each. Total Living area of approximately 4029 sq. ft. All units are occupied and sold with tenants. The lot size is approximately 6737 sq. ft. Oversized garage area with additional parking available on premise. This building is large enough to remodel and redesign for investor or developer or simply tear down and build your dream home in this highly desirable location in Melrose. Remodel and redesign and enjoy backyard views of the iconic Hollywood sign and Griffith Observatory. Conveniently located within walking distance to some of the best shopping and dinning in LA, as well as local hiking trails and nightlife in Hollywood. Also near Larchmont Village, The Grove, 101, 10, 5 and 405 Highway. Public Transportation. Near West Hollywood, schools, and just about something for everyone. Please don't disturb tenants. Seller is selling this property in its present "as is condition" and will not make any repairs or improvements. Financial information provided by property owners and not guaranteed by Agent, affiliates or seller. Buyer to fully investigate through escrow. Seller has made upgrades to units. The Building has been managed by the owner and has potential for new management with upside in rents.

Listed by Carolyn Delgado | BRE #01774411 | Realty Connection Group
Last checked: 6 minutes ago | Last updated: May 19th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
6,735
HOA Dues
$0/mo
Year built
1924
Garage
4 Car
Property Type:
Fourplex
Status
Back Up Offer
MLS#
PW24091136
City
Los Angeles
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,025
  • Total Rent: $1,025
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $51,900
  • Net Operating Income: $37,659
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $14,240
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,911
  • Professional Management: $0
  • Water/Sewer: $3,566

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Property Details for 847 N Ridgewood Pl

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Detached Carport, Covered, Off Street
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5535001014
  • Year Built Source: Public Records
  • Architectural Style: Spanish
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Private Sewer, Public Sewer
  • Water Source: Private, Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Assessment Information
  • Assessments: None, Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Off Melrose Ave/N. Ridgewood Pl.
Neighborhood Information
  • Community Features: Dog Park, Sidewalks, Street Lights, Urban
View more facts & features

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Sale History for 847 N Ridgewood Pl

Last sold on November 8th, 2018

  • May, 2024

  • May 19, 2024

    Date

    Back Up Offer

    CRMLS: PW24091136

    $1,399,999

    Price

  • May 7, 2024

    Date

    Active

    CRMLS: PW24091136

    $1,399,999

    Price

  • November, 2018

  • Nov 8, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2018

  • Nov 8, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 847 N Ridgewood Pl

Assessed Value (2020): $307,150
Year Land Value Improved Value Assessed Value
2020 $130,535 $176,615 $307,150

Home Value Compared to the Market

This property vs the competition

847 N Ridgewood Pl is listed 12% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $207.87 per/sqft which puts the price per square foot 73.25% lower than the median price per square foot for the city of Los Angeles.

About 847 N Ridgewood Pl

Detailed summary of property

847 N Ridgewood Pl is a fourplex located in Los Angeles, CA 90038 and is currently in escrow to be sold. This fourplex offers 5 bedrooms, 4 bathrooms, roughly 6,735 living square feet, and sits on an approximately 6,735 square foot lot. 847 N Ridgewood Pl was first listed on ArdentRealEstateGroup.com on May 8, 2024. The homeowner is currently asking $1,399,999. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12% higher than the median priced home. Local competing homes currently for sale include 5851 La Mirada Ave, 810 N Hobart Blvd and 800 N Hobart Blvd. While the average home in Los Angeles, CA is selling in 92 days, 847 N Ridgewood Pl has a days on market of 12 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 847 N Ridgewood Pl Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 847 N Ridgewood Pl

Public county record property details
Beds
5
Baths
4
Year built
1924
Sq. Ft.
4,029
Lot Size
6,735
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
5535-001-014

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
40
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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