Description
1517 Ricardo Street, Los Angeles, CA 90033Prime Development Opportunity | LARD1.5 Zoning | 7,501 SF LotAn exceptional opportunity for developers and investors in one of Los Angeles's most active infill corridors. This 7,501 square foot lot is zoned LARD1.5 and has been held by the original owners since 1987, positioning it as a strong candidate for SB 8 demolition application — buyers are encouraged to conduct their own due diligence with qualified legal and planning professionals.The existing structure has sustained fire damage and is being sold strictly for its land value. The lot's zoning and dimensions may support the construction of up to 5 residential units, subject to verification by a licensed architect, engineer, and/or city planning consultant. All development potential, unit counts, and entitlement timelines should be independently confirmed by the 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 the corridor's trajectory and growing demand for quality housing product in this submarket.
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2BEDS
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0.17ACRES
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1BATHS
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01/2 BATHS
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794SQFT
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$1,228$/SQFT
Description
1517 Ricardo Street, Los Angeles, CA 90033Prime Development Opportunity | LARD1.5 Zoning | 7,501 SF LotAn exceptional opportunity for developers and investors in one of Los Angeles's most active infill corridors. This 7,501 square foot lot is zoned LARD1.5 and has been held by the original owners since 1987, positioning it as a strong candidate for SB 8 demolition application — buyers are encouraged to conduct their own due diligence with qualified legal and planning professionals.The existing structure has sustained fire damage and is being sold strictly for its land value. The lot's zoning and dimensions may support the construction of up to 5 residential units, subject to verification by a licensed architect, engineer, and/or city planning consultant. All development potential, unit counts, and entitlement timelines should be independently confirmed by the 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 the corridor's trajectory and growing demand for quality housing product in this submarket.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-07T14:36:56.873. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or SLO Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.