Danny Navarro

$975,000

0.17 Acres

Los Angeles, California, 90033

1517 Ricardo Street, Los Angeles, CA 90033 Prime Development Opportunity | LARD1.5 Zoning | 7,501 SF Lot An exceptionalopportunity for developers and investors in one of Los Angeles's most active infill corridors. This 7,501 square foot lot is zonedLARD1.5 and has been held by the original owners since 1987, positioning it as a strong candidate for SB 8 demolitionapplication — buyers are encouraged to conduct their own due diligence with qualified legal and planning professionals. Theexisting structure has sustained fire damage and is being sold strictly for its land value. The lot's zoning and dimensions maysupport the construction of up to 5 residential units, subject to verification by a licensed architect, engineer, and/or cityplanning consultant. All development potential, unit counts, and entitlement timelines should be independently confirmed bythe 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 thecorridor's trajectory and growing demand for quality housing product in this submarket.