CA > Los Angeles
Los Angeles, CA 90039,1818 Ripple ST
Los Angeles, CA 90039,1818 Ripple ST
Los Angeles, CA 90039,1818 Ripple ST
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Ivan Perez

Ivan Perez

+1(818) 242-6422
$1,749,000
Est. payment /mo
6 Beds
8 Baths
4,640 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,640 sqft

Price per Sqft $376

MLS Listing ID 25562927

Bedrooms 6

HOA Y/N No

Year Built 1982

Lot Size 6,041 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 606 - Atwater

Zoning LAR2

Interior

Heating Wall Furnace

Flooring Laminate

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Carport, Gated, Private

Carport Spaces 3

Pool None

Community Features Gated

View Y/N Yes

Roof Type Composition

Total Parking Spaces 7

Private Pool No

Building

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Architectural Style Contemporary

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5442012010

Security Features Gated Community

Special Listing Condition Standard

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CRMLS – RECore
Listed by David Robles Real Broker

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agent

Ivan Perez

+1(818) 242-6422

Broker Associate | License ID: 01952891

Broker Associate License ID: 01952891

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