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$ 975,000
Est. payment | /mo
7,501 Sqft Lot
$ 975,000
Est. payment | /mo
7,501 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26125878
HOA Y/N No
Lot Size 7,501 Sqft
Property Description
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 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.
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 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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LARD 1.5
Interior
Fireplace No
Exterior
Community Features Suburban
View City Lights, None
Building
Lot Description Yard
Water Public
New Construction No
Others
Senior Community No
Tax ID 5202015015
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
Listed by Danny Navarro Century 21 Allstars 949-903-6633, DRE #01938421
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