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15 Beds
15 Baths
8,000 sqft

$2,995,000

1571 Ricardo, LOS ANGELES CA, 90033

Price per sqft$374.38
Built in2026
Property size8,000 sqft
Property typeMulti-family

Overview

Active

Listed Sep 29, 2026

Updated 3 days ago

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.

$19,926/mo

Est. mortgage payment based on a $2,995,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
DW26212568MR

Interior Features

Bedrooms
15
Bathrooms
15
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Garage
Yes

Listed by Danny Navarro with Century 21 Allstars
Listing Contact: 949-903-6633 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Coastline 840 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2026 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/4/2026

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