Est. cap rate

1.0%

Assumed rent, all units

$4,540/mo

Units

2

Price per unit

$1,399,500

Est. annual NOI

$27,240

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

5

Building size

8,654 sqft

Lot size

7,502 sqft

Year built

2024

Stories

3

Garage spaces

8

Style

Contemporary

Heating

Central

Cooling

Central Air

Pool

None

View

Neighborhood

Status

Active

Days on market

2

MLS #

248637281

About this property

Welcome to your dream living space, an impeccably designed 3 story, 2 duplex and ADU(5 units) with 5-bedroom, 5-bathroom each unit residence newly constructed and thoughtfully designed for optimal comfort and style. Every corner of this home has been crafted with precision and care, ensuring that each room is not only lavish but also functional. This multi-family marvel is poised perfectly in a bustling, vibrant neighborhood of Los Angeles. Just steps away, you'll discover the convenience of easy transit access at the nearby Cal State, LA Station and Alcazar Street & Ricardo Street bus stop. Shopping needs? Northgate Market is just a hop, skip, and a jump away - because no one should have to travel far for groceries! For the fitness and nature enthusiasts, Lincoln Park offers a sublime escape with its lush green spaces—a mere stone's throw from your new home. Meanwhile, scholars of any age will appreciate the proximity to Bravo Medical Magnet School, ensuring education is just around the corner. Each bedroom promises ample space and privacy, with the primary bedroom serving as a retreat, featuring possibly the most comfortable enclave you've ever stepped foot in after a long day. And let’s not forget the bathrooms—each one a tableau of modern fixtures and sleek finishes, making your daily routines anything but routine. This home offers not just a place to rest your head, but a space where life happens, memories are made, and laughter echoes through the hallways. Isn't it time to start your next chapter here? Your new home is awaiting .

Location

1525 Ricardo

Los Angeles, Los Angeles, CA, 90033