1656 Ricardo Street

  • Los Angeles

  • $895,000
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Residential Income Details

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.
Essential
MLS #18343736
Price$895,000
Number of Units4
Sale TypeStandard
StatusActive Under Contract
Listing BrokeragePacific Union International
Listing AgentMorgan McMullin
Listing Agent BRE #01716570
Interior
CoolingSee Remarks
Exterior
ParkingDriveway
Community
AreaBOYH - Boyle Heights
Address1656 Ricardo Street
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90033
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, July 3, 2018. 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.