Los Angeles CA  home offered at $895,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

1656 RICARDO Street
Los Angeles, California CA 90033
Price: $895,000
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Listing ID: 19435832
Price/SqFt: $447.05
Status: Active
SqFt: 2,002 Sq Ft
Acres: 0.172 Acres
Year Built: 1921

The subject property is a 4 unit bungalow, apartment complex built in 1921. The unit mix is two 1 bedroom, 1 bathroom units with a den and two 2 bedroom, 2 bathroom 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.

Primary Features

Cooling Type: None
County: Los Angeles
MLS Area Major: BOYH - Boyle Heights
Special Listing Conditions: Standard
Year Built: 1921
Zoning: LARD1.5

Additional

Laundry Features: None
Laundry: no
Lot Size Units: Square Feet
Number Of Units Total: 4

Interior Features

Appliances: None
Appliances: no
Cooling: no
Stories Total: 1

Financial Details

Cap Rate: 5.56
Gross Multiplier: 12.42
Gross Operating Income: 69910
Improvements Amount: 148543
Land Value: 403193
Net Operating Income: 49799
Total Expenses: 20111

External Features

Lot Size Area: 7500
Lot Size Square Feet: 7500
Number Of Buildings: 4
Parking Features: Unassigned
Parking: yes

Location Information

Zoning Info


© 2019. The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Listing courtesy of Morgan McMullin from Compass . Last updated Thursday, April 18th, 2019.

Contact - Listing ID 19435832

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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