1517 Ricardo,Los Angeles, CA 90033
Los Angeles, CA 90033
Description
1517 Ricardo Street, Los Angeles, CA 90033 Prime Development Opportunity | LARD1.5 Zoning | 7,501 SF Lot An exceptional opportunity for developers and investors in one of Los Angeles's most active infill corridors. This 7,501 square foot lot is zoned LARD1.5 and has been held by the original owners since 1987, positioning it as a strong candidate for SB 8 demolition application - buyers are encouraged to conduct their own due diligence with qualified legal and planning professionals. The existing structure has sustained fire damage and is being sold strictly for its land value. The lot's zoning and dimensions may support the construction of up to 5 residential units, subject to verification by a licensed architect, engineer, and/or city planning consultant. All development potential, unit counts, and entitlement timelines should be independently confirmed by the buyer and their team prior to close of escrow. Adding to the area's momentum, neighboring properties at 1524, 1525, 1532, and 1571 Ricardo Street are all new construction developments on the same street, - a strong indicator of the corridor's trajectory and growing demand for quality housing product in this submarket.
Details
| MLS # | DW26124125 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1921 |
| Days On Site | 143 |
| Listing Provided By | Century 21 Allstars | Danny Navarro |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 794 |
| Story(s) | 1 |
| Units | 1 |
| Acreage | 0.17 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Interior Features | All Bedrooms Down |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $949,000 low | high Med: $745,000 sqft: 794 low | high Med: 2,756 $ / sqft: $1,195 low | high Med: $270 On site: 143 low | high Med: 320 | |
Market Activity 90033
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $949,000 low | high Med: $745,000 sqft: 794 low | high Med: 2,756 $ / sqft: $1,195 low | high Med: $270 On site: 143 low | high Med: 320 | |