Los Angeles, CA 90039,1818 Ripple ST
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Los Angeles, CA 90039,1818 Ripple ST
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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Sylvia Lange

Sylvia Lange

+1(619) 226-6622
$ 1,595,000
Est. payment /mo
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Active Under Contract

1818 Ripple ST Los Angeles, CA 90039

6 Beds

8 Baths

4,640 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,640 sqft

Price per Sqft $343

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 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.

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

CRMLS – RECore
Listed by David Robles Real Broker

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Ivanhoe Elementary

    Public | KG - 5

  • 9

    Gabriella Charter

    Public | KG - 8

  • 9

    Horace Mann Elementary School

    Public | PK - 5

  • 9

    Solano Avenue Elementary School

    Public | KG - 6

  • 9

    Delevan Drive Elementary

    Public | KG - 6

  • 9

    Eagle Rock Elementary & Magnet Center

    Public | KG - 6

  • 8

    Hoover Street Elementary

    Public | KG - 5

  • 8

    Franklin Avenue Elementary

    Public | KG - 5

  • 8

    Clifford Street Math & Technology Magent

    Public | KG - 6

  • 8

    Allesandro Elementary School

    Public | PK - 5

  • 8

    Puc Milagro Charter

    Public | KG - 5

  • 7

    Dr. Sammy Lee Medical and Health Science Magnet

    Public | KG - 5

  • 7

    Equitas Academy Charter #2

    Public | 5 - 8

  • 7

    Celerity Octavia Charter

    Public | KG - 8

  • 7

    Dorris Place Elementary

    Public | KG - 6

  • 7

    Mt. Washington Elementary School

    Public | KG - 6

  • 7

    Arroyo Seco Museum Science

    Public | KG - 8

  • 7

    Latona Elementary School

    Public | PK - 6

  • 6

    Micheltorena Elementary

    Public | KG - 5

  • 6

    Betty Plasencia Elementary

    Public | KG - 5

Middle Schools 20
  • 9

    Renaissance Arts Academy

    Public | 6 - 12

  • 8

    Rise Kohyang Middle School

    Public | 6 - 8

  • 7

    Eagle Rock Jr. / Sr. High School

    Public | 7 - 12

  • 6

    Virgil Middle School

    Public | 6 - 8

  • 6

    Thomas Starr King Middle School

    Public | 6 - 8

  • 6

    Theodore Roosevelt Middle School

    Public | 6 - 8

  • 6

    Irving STEAM Magnet

    Public | 6 - 8

  • 5

    Puc Santa Rosa Charter Academy

    Public | 6 - 8

  • 5

    Florence Nightingale Middle School

    Public | 6 - 8

  • 5

    Los Angeles Leadership Academy

    Public | 6 - 12

  • 4

    Los Angeles Academy of Arts & Enterprise Charter

    Public | 6 - 12

  • 4

    Vista Charter Middle School

    Public | 6 - 8

  • 4

    Puc Excel Charter Academy

    Public | 6 - 8

  • 3

    Studio

    Public | 6 - 8

  • 3

    Alliance College-Ready Middle Academy No. 5

    Public | 6 - 8

  • 1

    Young Oak Kim Academy

    Public | 6 - 8

  • 1

    John Liechty Middle School

    Public | 6 - 8

  • 1

    Sal Castro Middle School

    Public | 6 - 8

  • 0

    Harold Mcalister High (Opportunity)

    Public | 6 - 12

  • 0

    Dream Center Academy

    Private | 6 - 12

High Schools 20
  • 9

    Downtown Business High School

    Public | 9 - 12

  • 9

    Francisco Bravo Medical Magnet High School

    Public | 9 - 12

  • 8

    John Marshall High School

    Public | 9 - 12

  • 8

    Alliance Environmental Science and Technology High School

    Public | 9 - 12

  • 7

    Central City Value

    Public | 9 - 12

  • 7

    Camino Nuevo High No. 2

    Public | 9 - 12

  • 7

    Alliance College-Ready Academy High No. 16

    Public | 9 - 12

  • 7

    Ramon C. Cortines School of Visual and Performing

    Public | 9 - 12

  • 7

    PUC Early College Academy for Leaders & Scholars (ECALS)

    Public | 9 - 12

  • 6

    Usc Hybrid High School

    Public | 9 - 12

  • 6

    Alliance Susan and Eric Smidt Technology High School

    Public | 9 - 12

  • 6

    Lincoln High School

    Public | 9 - 12

  • 5

    Belmont Sh-la Teacher Preparatory Academy

    Public | 9 - 12

  • 5

    Camino Nuevo Charter High School

    Public | 9 - 12

  • 5

    Roybal Learning Center

    Public | 9 - 12

  • 5

    Alliance Tennenbaum Family Technology High School

    Public | 9 - 12

  • 5

    Leadership in Entertainment and Media Arts (Lema)

    Public | 9 - 12

  • 4

    Miguel Contreras Learning Complex - School of Business & Tourism

    Public | 9 - 12

  • 4

    Los Angeles River High School

    Public | 9 - 12

  • 3

    Belmont High School

    Public | 9 - 12

School and business data provided by Attom Data.
Sylvia Lange

Sylvia Lange

Agent | License ID: 02022390

+1(619) 226-6622

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1818 Ripple ST