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1656 RICARDO Street, Los Angeles, CA 90033

Property · 2 recorded sales since 2017

1656 RICARDO Street, Los Angeles, CA 90033 Sold May 2019 CRMLS
$880,000Sold May 2019

Listing Agent: Morgan McMullin (DRE #01716570) · Listing Office: Compass · Contact: 310-272-8002 · Bought with: Hofit Kahn · Keller Williams-Santa Monica · MLS #19435832 · Source: CRMLS

7,500 sqft
Lot Size
1921
Year Built
Property
Type
None
Cooling

About this property

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.

Listing description from the May 2019 sale, as reported to CRMLS.

Sale history

$880,000
Sold May 2019 · listed $895,000, on market February 2019 · MLS #19435832 · Source: CRMLS
Listing Agent: Morgan McMullin · Listing Office: Compass · Contact: 310-272-8002 · Bought with: Hofit Kahn · Keller Williams-Santa Monica
$657,500
Sold March 2017 · listed $699,000, on market January 2017 · MLS #17191566 · Source: CRMLS
Listing Agent: Morgan McMullin · Listing Office: Partners Trust Beverly Hills · Contact: 310-500-3900 · Bought with: Dario Svidler · Partners Trust Beverly Hills
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