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…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.
Facts & Features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Cooling
Has cooling: No
Features
Has fireplace: No
Interior area
Total interior livable area: 794 sqft
Property
Parking
Total spaces: 0
Garage spaces: 0
Features
Stories: 1
Has private pool: No
Has view: No
Lot
Size: 0.17 Acres
Features: Zero To One Unit Acre
Details
Parcel number: 5202015015
Construction
Type & style
Home type: Residential
Property subtype: Single Family Residence
Condition
Year built: 1921
Location
Mike Zwarg
Broker / Owner
951-528-0626 mike@mzhomes.us
Listing Office: Century 21 Allstars · Listing Agent: Danny Navarro · 949-903-6633 · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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