1517 Ricardo Los Angeles, CA 90033
2 Beds
1 Bath
794 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 794 sqft
Price per Sqft $1,227
MLS Listing ID DW26124125
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1921
Lot Size 7,501 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Rooms
Main Level Bedrooms 1
Interior
Interior Features All Bedrooms Down
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking
View Y/N No
View None
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Abc Unified
Others
Senior Community No
Tax ID 5202015015
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
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