Contemporary

1818 Ripple Street

Los Angeles , CA 90039

MLS#: 25562927

$1,749,000

Status: Active
Listing number: 25562927
Listing provided by: Real Broker
Listing agent phone: None
Last update: 3 days ago
New on site 4 days ago
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Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1982

Sq.Footage

4,640

Located in the heart of vibrant and fast-growing Elysian Valley, this custom-built six-unit property offers strong current income and significant upside potential. Built in 1982 and measuring a spacious 4,640 SF, the property is exempt from Los Angeles' rent stabilization ordinance and has been professionally managed and well maintained. The front two-story townhouse-style unit features 2 bedrooms and 2.5 baths and is ideal for an owner-user. Behind it are five additional units: four 1 bedroom apartments (one currently vacant) and one single. Several units have been updated with modern kitchens, bathrooms, and flooring, while others have been partially improved, offering the opportunity for further value-add. The front unit and one of the rear one-bedrooms feature vaulted ceilings, enhancing natural light and creating a more spacious, open feel. Ideally situated next to the LA River bike path, the property offers tenants convenient access to cafes, restaurants, and green spaces. The Elysian Valley Recreation Center is just steps away, adding further neighborhood appeal.The property currently generates approximately $10,508 per month, with a projected market rental potential of up to $13,800 per month when all units are at market rent. This is a rare opportunity to acquire a stabilized asset in one of Los Angeles' most desirable and trend-forward rental submarkets.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Parking

    Assigned, Carport, Gated, Private

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.1387

  • Property Type

    Residential Income

  • Architectural Style

    Contemporary

Price

  • Sales Price

    $1,749,000

  • Sq. Footage

    4, 640

  • Price/SqFt

    $376

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of David Robles , Real Broker

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Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


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Located in the heart of vibrant and fast-growing Elysian Valley, this custom-built six-unit property offers strong current income and significant upside potential. Built in 1982 and measuring a spacious 4,640 SF, the property is exempt from Los Angeles' rent stabilization ordinance and has been professionally managed and well maintained. The front two-story townhouse-style unit features 2 bedrooms and 2.5 baths and is ideal for an owner-user. Behind it are five additional units: four 1 bedroom apartments (one currently vacant) and one single. Several units have been updated with modern kitchens, bathrooms, and flooring, while others have been partially improved, offering the opportunity for further value-add. The front unit and one of the rear one-bedrooms feature vaulted ceilings, enhancing natural light and creating a more spacious, open feel. Ideally situated next to the LA River bike path, the property offers tenants convenient access to cafes, restaurants, and green spaces. The Elysian Valley Recreation Center is just steps away, adding further neighborhood appeal.The property currently generates approximately $10,508 per month, with a projected market rental potential of up to $13,800 per month when all units are at market rent. This is a rare opportunity to acquire a stabilized asset in one of Los Angeles' most desirable and trend-forward rental submarkets.

1818 Ripple Street

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