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… Read More 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. Read Less
Property listed by Century 21 Allstars, Danny Navarro 949-903-6633
Listing Snapshot
Days Online
0
Last Updated
Property Type
SingleFamilyResidence
Beds
2
Full Baths
1
Square Ft.
794
Lot Size
0.17 Acres
Year Built
1921
MLS Number
DW26124125
Additional Details
Building
Built in 1921, Living area: 794.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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