1572 Ricardo Street

Los Angeles, CA 90033

$959,000
Price
7
Beds
6
Baths
2,218 Sq. Ft.
$432 / Sq. Ft.
2,218
Sq. Ft.
$432
per Sq. Ft.

Description

Unlock the potential of this well-situated triplex in East Los Angeles, set on a generous 7,456 sq ft lot zoned RD1.5. This income-generating property features three separate, tenant-occupied units, each with its own utility meters for gas, water, and power, paid by tenants. The front unit offers 3 bedrooms, 2 baths, and central AC. The middle unit is a comfortable 2 bedroom, 2 bath setup, and versatile third room that can be used as an additional bedroom or office space. While the rear unit includes...Unlock the potential of this well-situated triplex in East Los Angeles, set on a generous 7,456 sq ft lot zoned RD1.5. This income-generating property features three separate, tenant-occupied units, each with its own utility meters for gas, water, and power, paid by tenants. The front unit offers 3 bedrooms, 2 baths, and central AC. The middle unit is a comfortable 2 bedroom, 2 bath setup, and versatile third room that can be used as an additional bedroom or office space. While the rear unit includes 2 bedroom and 2 bath. Located conveniently close to Cal State Los Angeles and USC Hospital. This property also holds potential for further development. Buyers are encouraged to verify zoning details and explore opportunities for building additional units. Don't miss out on this excellent investment opportunity in a thriving area with strong rental demand!

Listing Agents

  1. Aleen Der Artinian

    Aleen Der Artinian

    Listing Agent

    Compass

    DRE #02035673

  2. Maya Librush

    Maya Librush

    Alternative Listing Agent

    Compass

    DRE #01932610

    maya.librush@compass.com

    P: (818)-201-5226

Property Details for 1572 Ricardo Street

Zoning
LARD1.5
Parcel Number
5202016003
Total Units
3.0
Living Area
2218
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
0
Lot Size Area
7497
LISTING UPDATED: 08/16/2024 10:26 AM

Property Details for 1572 Ricardo Street

StatusActive
MLS #24-427985
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.17 AC / 7,497 SF
CountyLos Angeles County

Building Information for 1572 Ricardo Street

Stories-Residences-Year Built1922Building Size-Lot Size0.17 AC / 7,497 SF

Property Information for 1572 Ricardo Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Triplex
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $57,540
  • Net Operating Income: $49,558.04
  • Gross Income: $57,540
  • Gross Rent Multiplier: $16.60
  • Total Annual Expense: 7981.96
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1721
  • Lot Size Square Feet: 7497
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Multi/Split, One
  • Cooling Type: Air Conditioning, Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Dryer, Washer, Range/Oven
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-16-2024
  • Tenant Pays: Electricity, Water, Trash Collection, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,355.00
  • Unit Actual Rent: $2,355.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,190.00
  • Unit Actual Rent: $1,190.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $118,357.00
  • Assessed Improvement Percent: 29.67
  • Assessed Land Value: $280,510.00
  • Assessed Land Percent: 70.33
  • Assessed Total Value: $398,867.00

Property History for 1572 Ricardo Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1572 Ricardo Street

Taxable ValueLand$286,120Additions$120,724Total$406,844
Tax Record2024$5,372 ($448 / month)
Home Facts
Total Finished SqFt2,218 SqFtAbove Grade Finished SqFt2,218 SqFtLot Size7,495 SqFtStyleTriplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN5202-016-003

Schools near 1572 Ricardo Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Murchison Street Elementary School
PublicK to 6

Excel Charter Academy
Charter6 to 8

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1572 Ricardo Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on August 14, 2024 by Compass, it's currently listed at $959,000. It has been on the market for a total of 98 days and was last sold on April 15, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Murchison Street Elementary School, Excel Charter Academy and Woodrow Wilson Senior High School. 1572 Ricardo Street is a 7-bed, 6-bath, 2,218 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Aleen Der Artinian, DRE #02035673; Compass, Maya Librush, DRE #01932610

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.