1656 Ricardo St, Los Angeles, CA 90033

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.