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1572 Ricardo St, Los Angeles, CA 90033
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1572 Ricardo St Los Angeles, CA 90033

$959,000
  • 7 Beds
  • 6 Baths
  • 2,218 Sq.Ft.
For Sale
$959,000 Get Pre-Qualified
Map preview of 1572 Ricardo St, Los Angeles, CA 90033

Property Overview: 1572 Ricardo St Los Angeles, CA has 7 bedrooms, 6 bathrooms, 2,218 living square feet and 7,497 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Unlock the potential of this well-situated triplex in East Los Angeles, set on a generous 7,456 sq ft lot zoned RD1.5. This income-generating property features three separate, tenant-occupied units, each with its own utility meters for gas, water, and power, paid by tenants. The front unit offers 3 bedrooms, 2 baths, and central AC. The middle unit is a comfortable 2 bedroom, 2 bath setup, and versatile third room that can be used as an additional bedroom or office space. While the rear unit includes 2 bedroom and 2 bath. Located conveniently close to Cal State Los Angeles and USC Hospital. This property also holds potential for further development. Buyers are encouraged to verify zoning details and explore opportunities for building additional units. Don't miss out on this excellent investment opportunity in a thriving area with strong rental demand!

Listed by Aleen Der Artinian | BRE #02035673 | Compass
Co-listed by Maya Librush | BRE #01932610 | Compass
Last checked: 8 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
7,497
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24427985
City
Los Angeles
County
Los Angeles
Time on Site
33 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,355
  • Total Rent: $2,355
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $1,190
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.66
  • Gross Scheduled Income: --
  • Net Operating Income: $49,558
  • Gross Operating Income: $57,540
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1572 Ricardo St

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Property Details for 1572 Ricardo St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Levels: Multi/Split, One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • No View
  • View: None
  • Total # of Units: 3
  • Parcel Number: 5202016003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Alcazar Street
View more facts & features

Local Los Angeles Agent

Sale History for 1572 Ricardo St

Last sold for $337,000 on April 11th, 2013

  • August, 2024

  • Aug 14, 2024

    Date

    Active

    CRMLS: 24427985

    $959,000

    Price

  • April, 2013

  • Apr 11, 2013

    Date

    Sold (Public Records)

    Public Records

    $337,000

    Price

  • April, 2012

  • Apr 17, 2012

    Date

    Sold (Public Records)

    Public Records

    $472,515

    Price

Show More

Tax History for 1572 Ricardo St

Assessed Value (2020): $379,450
Year Land Value Improved Value Assessed Value
2020 $266,854 $112,596 $379,450

Home Value Compared to the Market

This property vs the competition

1572 Ricardo St is listed 20.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $432.37 per/sqft which puts the price per square foot 43.7% lower than the median price per square foot for the city of Los Angeles.

About 1572 Ricardo St

Detailed summary of property

1572 Ricardo St is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 7 bedrooms, 6 bathrooms, roughly 2,218 living square feet, and sits on an approximately 7,497 square foot lot. 1572 Ricardo St was first listed on ArdentRealEstateGroup.com on August 16, 2024. The homeowner is currently asking $959,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 20.08% lower than the median priced home. Local competing homes currently for sale include 818 N Fickett, 1014 Sentinel Ave and 3727 Middle Rd. While the average home in Los Angeles, CA is selling in 106 days, 1572 Ricardo St has a days on market of 33 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1572 Ricardo St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1572 Ricardo St

Public county record property details
Beds
5
Baths
4
Year built
1922
Sq. Ft.
2,218
Lot Size
7,494
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5202-016-003

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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