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1032 N Ridgewood Pl, Los Angeles, CA, 90038

4beds
3baths
1,744sqft
$1,100,000
$631price/sqft
$7,275/moest. monthly cost
$291,000/yrincome needed

About This Home

Exceptional opportunity in the heart of Hollywood, just moments from Larchmont Village, Paramount Pictures Studios, and the vibrant dining, shopping, and entertainment along Melrose Avenue. 1032-1034 N Ridgewood Place presents a well-located duplex on a flat lot, offering both immediate income and strong long-term upside in one of Los Angeles' most sought-after rental markets.The property features two separate units with substantial combined living space, ideal for owner-users, investors, or those seeking value-add potential. 2+1 front house, 2+2 back house (delivered vacant). The sizable lot provides flexibility for outdoor space, parking, or future enhancements. Positioned in a high-demand corridor with proximity to West Hollywood, Silver Lake, and major employment hubs, the property benefits from consistent tenant demand.With favorable zoning characteristics typical of the area, there may be potential for expansion, additional units, or ADU opportunities (buyer to verify), making this an attractive option for those looking to maximize long-term value.Buyer to independently verify all information, including but not limited to square footage, lot size, zoning, development potential, and building possibilities with the appropriate city departments. Broker and seller make no guarantees as to accuracy.A compelling investment opportunity in a prime Hollywood location with both current income and future upside.

Getting Around

92
WalkingWalker's Paradise
61
TransitGood Transit
73
BikeVery Bikeable

Construction

Condition

  • Year built: 1926

Type & Style

  • Home type: MultiFamily
  • Architectural style: Contemporary
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Freezer

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3

Heating & Cooling

  • Heating features: Central
  • Cooling features: Air Conditioning

Interior Area

  • Total structure area: 1,744
  • Total interior livable area: 1,744 sqft

Property

Details

  • Parcel number: 5536017024
  • Zoning: LARD1.5
  • Special condition: Standard

Features

  • Levels: One

Lot

  • Lot size: 5,174 sqft

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Wildfire

FEMA Declared Disasters in Los Angeles County and California

Earthquake
Fire
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,562$66,744
Home Insurance *$194$2,328
Property Taxes $1,121$13,452
Electricity $398$4,786
Total$7,275$87,300
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$249,428/yr
40% on housing$218,250/yr
45% on housing$194,000/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$631This listing

vs Other Active Listings

Avg $/sqft

ZIP 90038$542
Los Angeles County$602

vs Homes Sold Last Month

Median $/sqft

ZIP 90038$639
Los Angeles County$610

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-13Price change$1,100,000
2026-05-03Price change$1,150,000
2026-04-24Price change$1,200,000
2026-04-18Price change$1,350,000
2026-04-16Listed for sale$1,400,000
2018-02-22Listing removed$837,000
2017-12-29Price change$837,000
2017-10-05Price change$855,000
2017-07-28Price change$870,000
2017-03-28Price change$875,000
2017-01-04Listed for sale$899,000
2003-02-03Sold$299,000
2002-02-21Sold$249,000

For Sale by Agent

AgentBonnie Hyde
BrokerageColdwell Banker Realty

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