SOLD MAR 5, 2026

Sold on Mar 2026

$1,550,000

•

8 ba

•

4,640

sq ft

1818 Ripple St, Los Angeles, CA 90039

About this home

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 current rents: 2br townhouse $2,111 1BR $2,054 1BR $1,849 1BR $1,373 Single $800 and a vacant 1 bedroom projected $2400 Projected market rental potential of up to $13,800 per month: All 1 Bedroom units market value of $2400. The 2BR townhouse market rent is $2700 The Single market rent is $1500. Plenty of upside 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.

Multi-familyProperty Type

1982Year Built

6,043 sq ftLot Size

$334Price/Sq.Ft.

7 spacesParking

Listed by David Robles •DRE #01134528 • Real Broker

•213-712-4343 (agent)

•dave@daverobles.com (agent)

Bought with Jared Levine •DRE #01804008

Redfin checked: a few seconds ago

•Source:TheMLS #25562927

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Elysian Valley, CA

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

100.9%

+3.3% MoM

Median sale price

$1.3M

$310K MoM

Avg. days on market

81d

3 days MoM

Recently sold homes

2 MoM

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Sale and tax history for 1818 Ripple St

Sale History
Tax History

Date

Event

Price

TheMLS #25562927

Mar 5, 2026

Sold

$1,550,000

$334/sq ft

Feb 2, 2026

Pending

—

Jan 7, 2026

Contingent

—

Dec 2, 2025

Price Changed

$1,595,000

$344/sq ft

Oct 17, 2025

Price Changed

$1,649,000

$355/sq ft

Sep 15, 2025

Price Changed

$1,695,000

$365/sq ft

Aug 6, 2025

Listed

$1,749,000

$377/sq ft

RENT. #1

Mar 9, 2022

Price Changed

$1,950

$0/sq ft

CRMLS #C611601

Sep 13, 2006

Listing Removed

—

May 18, 2006

Listed

$1,350,000

$291/sq ft

CRMLS #G210011

Oct 12, 2001

Listing Removed

—

Apr 12, 2001

Listed

$349,900

$75/sq ft

Public Records

Oct 31, 1995

Sold

$185,000

$40/sq ft

Public Records

Feb 21, 1990

Sold

$390,000

$84/sq ft

Public Records

Dec 5, 1986

Sold

$280,000

$60/sq ft

Public Records

Sep 5, 1984

Sold

$250,000

$54/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$4,924 (+2.3%)

$200,999 + $106,304

$307,303

2024

$4,813 (+1.7%)

$200,999 + $106,304

$307,303

2023

$4,734 (+6.1%)

$197,058 + $104,220

$301,278

2021

$4,462 (−0.6%)

$189,407 + $100,174

$289,581

2020

$4,488 (+3.3%)

$185,694 + $98,210

$283,904

2019

$4,346 (+2.9%)

$183,790 + $97,203

$280,993

2018

$4,223 (+3.1%)

$180,187 + $95,298

$275,485

2017

$4,097 (+3.5%)

$173,191 + $91,599

$264,790

2016

$3,959 (+1.2%)

$173,191 + $91,599

$264,790

2015

$3,912 (−1.2%)

$169,796 + $89,803

$259,599

2014

$3,961 (−0.8%)

$163,970 + $86,723

$250,693

2012

$3,994 (+6.4%)

$163,229 + $86,332

$249,561

2011

$3,755 (+1.7%)

$160,029 + $84,640

$244,669

2010

$3,693 (+3.5%)

$156,892 + $82,981

$239,873

2009

$3,570 (+3.7%)

$155,720 + $82,361

$238,081

2008

$3,442

$156,090 + $82,557

$238,647

Public record

Public record
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

6,043 Sq. Ft.

Year renovated

1982

Sq. Ft.

4,640

Year built

1982

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

5442012010

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 29, 2026.

Property details

Parking

Garage
Private, Gated, Carport, Assigned

Parking
# of Parking Spaces (Total): 7
# of Carport Spaces: 3
# of Open Other Spaces: 4

Interior

Kitchen Information
Remodeled

Laundry Information
Community Laundry

Flooring Information
Mixed Floors, Laminate Floors

Heating & Cooling
Wall Unit Cooling
Wall Heat
Water Heater Features: Gas

Multi-Unit Income
Actual Rent Total: $127,044
Actual Annual Gross Rent: $127,044
Actual Gross Annual Income: $127,044
Gross Income: 127044
Gross Operating Income: $127,044
Net Operating Income: $92,770

Multi-Unit Expenses
Total Annual Expense: $34,274

Multi-Unit Other Financial Information
Rent Control: 100
Cap Rate: 5.6
Gross Rent Multiplier: 13.18
Vacancy Rate: 1
Scheduled Actual: Actual

Multi-Unit Information
Owner Pays: Water
Tenant Pays: Gas, Electric
Unit Type Type: 1, 2, 3, 4, 5, 6
Type Of Units: Aparment
# of Buildings: 1
Has Water Heaters: True
Laundry Equipment: Own

Unit 1 Information
# of Beds: 2
# of Baths: 2.50
Rent: $2,111
Projected Rent: $2,700
Actual Rent: $2,111
# of Units: 1

Unit 2 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,849
Projected Rent: $2,400
Actual Rent: $1,849
# of Units: 1

Unit 3 Information
# of Beds: 0
# of Baths: 1.00
Rent: $800
Projected Rent: $1,500
Actual Rent: $800
# of Units: 1

Unit 4 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,373
Projected Rent: $2,400
Actual Rent: $1,373
# of Units: 1

Unit 5 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,054
Projected Rent: $2,400
Actual Rent: $2,054
# of Units: 1

Unit 6 Information
# of Beds: 1
# of Baths: 1.00
Projected Rent: $2,400
# of Units: 1

Exterior

Building Information
Total Floors: 2
Two Level
Attached
Security Features: Gated
Exterior Construction: Stucco

Exterior Features
Roof: Composition

Property Information
Land Lease Type: Fee
Property Type: Residential Income

Land Information
Other Structures: None

Lot Information
Lot Size (Sq. Ft.): 6,043
Lot Size (Acres): 0.1387
Lot Size Dimensions: 45 x 135
Zoning: LAR2

Property Features
Has View
View: Tree Top

Financial

Assessment Information
Assessed Total Value: $301,278
Assessed Land Value: $197,058
Assessed Land %: 65.41
Assessed Improvement Value: $104,220
Assessed Improvement %: 34.59
Assessor Parcel Number: 5442-012-010

Lease Information
Tenant Pays: Gas, Electric

Utilities

Utility Information
Sewer: In Street Paid
Water: Public

Location

Community Information
# of Units in Complex (Total): 6
Athletic Court: None

Location Information
Directions: Riverside Dr. to Newell to Ripple
Cross Streets: Benedict and Queen

Public facts

Beds: 6
Baths: 8.0
Sq. Ft.: 4,640
Stories: —
Lot Size: 6,043 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1982
Year Renovated: 1982
County: Los Angeles County
APN: 5442012010

Home facts updated by county records on Aug 29, 2026

Other

Documents & Disclosures
Disclosures: As Is

Listing Information
Possession: Tenant Rights

Around this home

Schools

Allesandro Elementary School

Public K-6 • Assigned • 0.4mi

9/10

Sotomayor Arts and Sciences Magnet

Public 6-12 • Assigned • 0.4mi

5/10

Provided by GreatSchools

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Climate risks

6/10 Flood Factor

Estimated 22-32% chance 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, 22 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 • 90039

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

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Home values near 1818 Ripple St

Data from public records.

Address	Redfin Estimate
1840 Ripple St, Los Angeles, CA 2 Beds \| 1 Baths \| 720 Sq. Ft.	$881,908
1818 Ripple St Apartment 206, Los Angeles, CA - Beds \| - Baths \| - Sq. Ft.	—

Address	Redfin Estimate
1818 Ripple St Apartment 205, Los Angeles, CA - Beds \| - Baths \| - Sq. Ft.	$1,053,189
2667 Queen St, Los Angeles, CA 3 Beds \| 2 Baths \| 1908 Sq. Ft.	$1,444,342

Address	Redfin Estimate
1818 Ripple St Apartment 103, Los Angeles, CA - Beds \| - Baths \| - Sq. Ft.	—
2663 Queen St, Los Angeles, CA 7 Beds \| 5 Baths \| 2811 Sq. Ft.	$1,281,531

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About this home

Redfin Estimate

Market trends in Elysian Valley, CA

Homeowner tools

Sale and tax history for 1818 Ripple St

Public record

Property details

Around this home

Schools

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 90039

Home values near 1818 Ripple St

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