847 Ridgewood Place N Los Angeles, CA $ 1,399,999
847 Ridgewood Place N
$ 1,399,999
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847 Ridgewood Place N

Los Angeles, CA, 90038
$ 1,399,999
Bedrooms2 Baths1.0 Sq 6,735

Monthly Estimate*

$ 9,779

Listed by Realty Connection Group
847 Ridgewood Place N, Los Angeles, CA 90038 - Image 1
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Multi-Family Home for sale in Los Angeles, CA

for $1,399,999 with 2 bedrooms and 1 full bath. This 6,735 square foot home was built in 1924 on a lot size of 0.1546.

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.

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Multi-Family Active

Price

$ 1,399,999

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Spanish

Lot Size

0.1546

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW24091136

Days on Market

12

Features
General
Sewer PublicSewer PrivateSewer
Heating WallFurnace
Utilities ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected UndergroundUtilities WaterConnected
Possession CloseOfEscrow ClosePlus Negotiable
HOA 0.0
Garage Spaces 4.0
Architectural Style Spanish
Pool Features None
Construction Materials Stucco
Year Built 1924
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 4450.0
Community Features DogPark StreetLights Sidewalks Urban
County Los Angeles
Net Operating Income 37659.0
Operating Expense 14240.0
Insurance Expense 2911.1
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Send offers along with RPA POF and Pre-Approval/DU if Applicable to: carol@socalrentalsandhomes.com and text/call to confirm receipt to 562.677.5117
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions Off Melrose Ave/N. Ridgewood Pl.
City Los Angeles
Disclosures RentControl
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area C20 - Hollywood
Lot Size Square Feet 6735.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Ridgewood
Listing Terms Cash CashtoExistingLoan CashtoNewLoan Conventional CalVetLoan Item1031Exchange FHA
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 3566.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 12
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Year Built Source PublicRecords
Tax Lot 27
Property Sub Type Additional Quadruplex
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Exterior
Fencing WroughtIron
Parking Features Covered DetachedCarport OffStreet
Lot Features Item25UnitsAcre
Water Source Public Private
Total Parking 4.0
Lot Size Area 6735.0
Number of Buildings 1
Spa N
Building Area Total 6735.0
Lot Size Acres 0.1546
Lot Size Units SquareFeet
Lot Size Source PublicRecords
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Place
Laundry Features Inside
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 847
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* Excluded Features
List By
Realty Connection Group

Broker

(562) 677-5117

Phone

Affordability Calculator

$9,779
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,779
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2024$1,399,999 Listed Price

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847 Ridgewood Place N, Los Angeles, CA, 90038 is a Multi-Family Home for sale at $1,399,999 with 6,735 sqft and a lot size of 0.1546. 847 Ridgewood Place N has 2 bedrooms, 1.0 baths, and was built in 1924. The property's zip code is 90038 which is in Los Angeles, CA