Listed by Danny Navarro •DRE #01938421 • Century 21 Allstars

Contact: 949-903-6633

For sale

$2,995,000

Est. $20,428/mo —

•

8,000

sq ft

1571 Ricardo, Los Angeles, CA 90033

About this home

Brand-new 2026 construction 4-unit income property in the heart of Boyle Heights, one of LA's fastest-appreciating eastside markets. Offered at $3,100,000, this townhome-style fourplex delivers $16,775/month ($201,300/year) in projected gross income with a strong unit mix: a 5bd/5ba (1,885 SF), a 4bd/4ba plus bonus room (1,975 SF), and two 3bd/3ba units (1,440 & 1,540 SF) — 6,840 SF total. Every unit features its own private rooftop deck with city views and 2 dedicated parking spaces, plus 8 additional spaces at the rear. The property is fully separately metered with 4 individual water meters — tenants pay their own water and power, keeping owner expenses minimal. As new construction, the property is exempt from LA rent control (subject only to statewide AB 1482 rules). Projected NOI of $131,048. Minutes from LAC+USC Medical Center and USC Health Sciences Campus — a major rental demand driver — plus the Arts District, Downtown LA, Metro Gold Line, and major freeways (5, 10, 60, 101). Turnkey, low-maintenance asset ideal for investors seeking new-build quality, strong rents, and long-term Boyle Heights growth. All figures estimates; buyer to verify. Short version (~560 characters): Brand-new 2026 fourplex in prime Boyle Heights! Four townhome-style units — 5bd/5ba, 4bd/4ba + bonus, and two 3bd/3ba — 6,840 SF total, each with a private rooftop deck and 2 parking spaces (plus 8 extra in rear). Separately metered with 4 individual water meters — tenants pay their own water & power. $16,775/mo projected income. Minutes to LAC+USC Medical Center, DTLA, Arts District, and Metro. New construction = no LA rent control (AB 1482 only). Turnkey investment at $3,100,000. Buyer to verify all figures.

Multi-familyProperty Type

2026Year Built

7,498 sq ftLot Size

$374Price/Sq.Ft.

4 car garageParking

Listing updated: Sep 29, 2026 at 06:50pm

Redfin checked: 2 minutes ago

•Source:CRMLS #DW26212568

Payment calculator

$20,428 per month

Principal and interest$16,959

Property taxes

$3,120

HOA dues

Home insurance

$349

Utilities

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Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Murchison Street Elementary School

Public K-6 • Assigned • 0.1mi

4/10

El Sereno Middle School

Public 6-8 • Assigned • 1.6mi

7/10

Woodrow Wilson Senior High School

Public 9-12 • Assigned • 0.8mi

6/10

Provided by GreatSchools

About Boyle

Heights

Boyle Heights, located between the Los Angeles River and East Los Angeles, is a historic and industrial Los Angeles neighborhood with hillside views and mural-lined streets. The scene concentrates around Mariachi Plaza at 1st Street and Boyle Avenue, where musicians, panaderías, taquerías, and small storefronts set a steady street-level rhythm. Craftsman bungalows and early 20th-century apartment courts mix with warehouses and rail corridors, giving blocks a textured, working-city feel. Self Help Graphics & Art anchors local printmaking and exhibitions. Casa 0101 Theater adds intimate stage productions in a compact arts hub. Hollenbeck Park and the Metro E Line keep daily routines tied to green space and transit.

Provided by Walk Score and Local Logic

Market insights

1571 Ricardo · $2,995,000

DAYS ON MARKET

The average home goes pending in 72 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median list price in this area is $1,050,000. (65% lower than this home)

PRICE DROP

14% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Interior features
Entry located on level 3

Bedrooms
Unit 1: 5 bedrooms
Unit 2: 3 bedrooms
Unit 3: 4 bedrooms
Unit 4: 3 bedrooms

Bathrooms
Unit 1: 5 full bathrooms
Unit 2: 3 full bathrooms
Unit 3: 4 full bathrooms
Unit 4: 3 full bathrooms

Laundry & utility
In-unit laundry with electric dryer hookup

Heating & cooling
Central cooling

Sale and tax history for 1571 Ricardo

Sale History
Tax History

Date

Event

Price

CRMLS #DW26212568

Sep 29, 2026

Listed

$2,995,000

$374/sq ft

SHOWMOJO #1

Oct 1, 2026

Rental Removed

$4,350

$1/sq ft

Sep 27, 2026

Listed for Rent

$4,350

$1/sq ft

Sep 20, 2026

Rental Removed

$4,350

$1/sq ft

Aug 30, 2026

Listed for Rent

$4,350

$1/sq ft

Aug 26, 2026

Rental Removed

$4,350

$1/sq ft

Aug 9, 2026

Listed for Rent

$4,350

$1/sq ft

Mar 24, 2026

Rental Removed

$4,995

$1/sq ft

Mar 14, 2026

Listed for Rent

$4,995

$1/sq ft

CRMLS #DW26021504

Jul 29, 2026

Rental Removed

$4,350

$1/sq ft

Jun 5, 2026

Price Changed

$4,350

$1/sq ft

Mar 10, 2026

Price Changed

$4,500

$1/sq ft

Jan 30, 2026

Listed for Rent

$4,995

$1/sq ft

CRMLS #DW25217709

May 23, 2026

Rental Removed

$4,995

$1/sq ft

Sep 17, 2025

Price Changed

$4,495

$1/sq ft

Sep 16, 2025

Listed for Rent

$4,995

$1/sq ft

CRMLS #DW20135117

Jul 31, 2020

Sold

$565,000

$71/sq ft

Jul 14, 2020

Pending

—

Jul 9, 2020

Listed

$535,000

$67/sq ft

Location, location, location! This charming home sits on a grand 7,496 square foot lot with a spectacular view! Just blocks from 10 freeway, major public transit, schools, and parks. The Home it’s self contains lots of original character and charm with 3 spacious bedrooms and large one bathroom. Backyard boosts a large avocado tree, perfect for shade and outdoor gatherings. Long drive way for plenty of parking . This home has so much potential , you do not want to miss out on this opportunity.

Public Records

Jul 27, 1973

Sold

$12,000

$2/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$7,582 (+0.6%)

$489,258 + $122,314

$611,572

2024

$7,540 (+1.9%)

$489,258 + $122,314

$611,572

2023

$7,397 (+4.8%)

$479,665 + $119,916

$599,581

2022

$7,058 (+1.2%)

$470,260 + $117,565

$587,825

2021

$6,973 (+699.5%)

$461,040 + $115,260

$576,300

2020

$872 (+2.8%)

$452,000 + $113,000

$565,000

2019

$849 (+16.8%)

$17,452 + $34,690

$52,142

2018

$727 (+2.4%)

$17,110 + $34,010

$51,120

2017

$710 (+4.1%)

$16,447 + $32,691

$49,138

2016

$682 (+1.3%)

$16,447 + $32,691

$49,138

2015

$673 (−1.6%)

$16,125 + $32,050

$48,175

2014

$684 (−1.0%)

$15,572 + $30,951

$46,523

2012

$691 (+1.9%)

$15,502 + $30,812

$46,314

2011

$678 (−0.7%)

$15,199 + $30,208

$45,407

2010

$682 (+3.0%)

$14,901 + $29,616

$44,517

2009

$662 (+3.4%)

$14,790 + $29,395

$44,185

2008

$641

$14,826 + $29,465

$44,291

Public record

Public record
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

7,498 Sq. Ft.

Year renovated

1925

Finished Sq. Ft.

1,052

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,052

Year built

1904

Style

Single Family Residential

County

Los Angeles County

APN

5202015022

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 30, 2026.

Feb 27, 2026 • Final

Grading

Perform site grading for a duplex, single-family home, and accessory dwelling unit.

Grading

Jul 16, 2024 • Final

Bldg-demolition

Demolish a single-family home by hand and clear the lot. Cap the sewer and install a required fence.

Demolition

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Local insights from Redfin agents

The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...
2 weeks ago • Los Angeles
Peter Santos
Redfin Premier agent
84 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 94° expected this year, 21 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

11 unhealthy days expected this year, 12 days in 30 years

Provided by First Street

Historical weather

Los Angeles, CA • 90033

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 6.8 hours in December, placing it above the U.S. average for solar exposure.

9.5 hrs

6.8 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 1571 Ricardo

$2,953,097

$42K under list price of $3.00M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $700K to $1.1M.

SOLD JUL 7, 2026
$915,000 Last sold price
4 beds3 baths1,659 sq ft
1239 Stone St, Los Angeles, CA 90063
$178/sq ft
smaller lot
78 years older
SOLD SEP 18, 2026
$930,000 Last sold price
3 beds2 baths1,239 sq ft
1836 N Rowan, Los Angeles, CA 90032
Media West Realty,Inc.
$377/sq ft
smaller lot
86 years older
SOLD APR 20, 2026
$875,000 Last sold price
5 beds2.5 baths1,668 sq ft
1012 Lord St, Los Angeles, CA 90033
$151/sq ft
smaller lot
77 years older
SOLD MAY 27, 2026
$1,130,000 Last sold price
3 beds2 baths1,760 sq ft
4632 Abner, Los Angeles, CA 90032
ALIGN HOMES
$268/sq ft
smaller lot
99 years older
SOLD JUN 18, 2026
$700,000 Last sold price
3 beds2 baths1,258 sq ft
2136 Alta St, Los Angeles, CA 90031
$182/sq ft
smaller lot
72 years older
SOLD APR 29, 2026
$867,500 Last sold price
3 beds2 baths1,306 sq ft
1823 N Rowan, Los Angeles, CA 90032
$290/sq ft
smaller lot
86 years older

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