1517 Ricardo, Los Angeles, CA — listing photo 1
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FOR SALE

1517 Ricardo

Los Angeles, CA 90033
2 Beds
1 Baths
794 Sq Ft
Built 1921
$949,000
Price ReducedWas $975,000 — $949,000 (-$26,000)

Property Overview

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.

Home Details

Property type
Residential - Single Family Residence
Year built
1921
Living area
794 sq ft
Lot size
7,501 sq ft
Stories
1
Days on market
99
Full bathrooms
1
MLS status
Active

Features & Amenities

Interior

  • All Bedrooms Down

Pool

  • None

Lot

  • Zero To One Unit Acre

Community, Schools & Utilities

Community

View
None

Schools

School district
ABC Unified

Utilities

Cooling
None
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

1517 Ricardo

Los Angeles, CA 90033

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Frequently Asked Questions About 1517 Ricardo

Property type: Residential

The current asking price is $949,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1517 Ricardo. Our team will confirm availability and timing.
This 2 bedrooms and 1 bathroom property offers approximately 794 square feet of living space. It was built in 1921. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 99 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Danny Navarro
MLS ID: DWNAVDAN

Available property

$949,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.