1656 Ricardo Street

    Los Angeles (City), CA 90033
    • $895,000
    • STATUS: Active Under Contract
    • ON SITE: 95 days
    • ID#: 18343736
    Under Contract
    UPDATED: 55 min ago
    $895,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,002
      SQFT
    • $447
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    The subject property is a 4 unit bungalow, apartment complex built in 1921. The unit mix is two 2+1 units and two 2+2 units. Each unit is its own structure and has its own entrance with no shared walls. The improvements are built on a 7,500 square foot lot with total rentable square footage of 2,002. The area is undergoing a major economic renaissance during the past decade. The new apartment and mixed use developments and existing apartment renovations in the area have provided an increase in the demand for high end rental units. This property offers an affordable option to the high rents that the area now commands. The property sits conveniently near Downtown LA and in close proximity to Lincoln Heights, El Sereno, Mt. Washington, Highland Park, major freeways, and much more.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-20T21:29:59.497. 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.
    www.playavistaliving.com/homes/83643793

    1656 Ricardo Street Los Angeles (City), CA 90033

    • Price: $895,000
    • Status: Active Under Contract
    • Updated: 55 min ago
    • ID#: 18343736
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,002
    SQFT
    $447
    $/SQFT
    1921
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    The subject property is a 4 unit bungalow, apartment complex built in 1921. The unit mix is two 2+1 units and two 2+2 units. Each unit is its own structure and has its own entrance with no shared walls. The improvements are built on a 7,500 square foot lot with total rentable square footage of 2,002. The area is undergoing a major economic renaissance during the past decade. The new apartment and mixed use developments and existing apartment renovations in the area have provided an increase in the demand for high end rental units. This property offers an affordable option to the high rents that the area now commands. The property sits conveniently near Downtown LA and in close proximity to Lincoln Heights, El Sereno, Mt. Washington, Highland Park, major freeways, and much more.
    Exterior Features

    Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 13.59 Gross Operating Income 67454.00 Improvements Amount 148543 Land Value 403193 Laundry YN Yes Net Operating Income 47244.00 Special Listing Conditions Standard Total Expenses 20210.00 Zoning Lard1.5

    Listing provided courtesy of Morgan Mcmullin of Pacific Union International.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-20T21:29:59.497. 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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