1572 Ricardo Street

Los Angeles, CA 90033

$959,000

List Price

7

bed Beds

6

shower Baths

2,218 sqft

straighten / sqft

1922

calendar_month Built

Property 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 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 Information

List Price $959,000
Status Active
MLS 24427985
Type Residential Income
Year Built 1922
Lot Size 7,497
Structure Size 2,218
DOM 8
Courtesy Of Compass
Listing Agent Aleen Der Artinian DRE#02035673
Co-Listing Agent Maya Librush DRE#01932610

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 6

Exterior Information

Maps

Listing information courtesy of: Aleen Der Artinian, Maya Librush, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:35 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.