Remodeled TIC Residential
1450 Ricardo Unit 1450, Los Angeles, CA 90033
For Sale
$399,000
The two-bedroom, one-bath residence includes a private front yard and a double-porch entrance.
Property Size800 SF
Price / SF$498.75
Days on Market195
Property Features for 1450 Ricardo Unit 1450
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Asking Price
Building Details
Year Built
Listing Agency:
TDC/Pacific Properties
Listed By:
Alejandro Quinonez · License CA #02019414
(310) 448-9500
Source:
Viewsandiegohouses
Added: May 4
Changed: Nov 10
Last Checked: Nov 10 at 12:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TDC/Pacific Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800-square-foot TIC residence has two bedrooms and one bathroom. Built in 1906, it has undergone a complete interior renovation, including a remodeled kitchen and updated finishes. A private front yard and double-porch entry are additional features.
The property is near Keck Medicine of USC and the USC Health Sciences Campus, with Downtown Los Angeles, restaurants, shopping, parks and major freeways also cited in the surrounding area.
The property is near Keck Medicine of USC and the USC Health Sciences Campus, with Downtown Los Angeles, restaurants, shopping, parks and major freeways also cited in the surrounding area.
Key Highlights
- 800‑square‑foot TIC residence with two bedrooms and one bathroom
- Complete interior renovation, including a remodeled kitchen and updated finishes
- Built in 1906
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,873
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,460
$257.5K
Cap Rate 7%
$183,900
$183.9K
Cap Rate 9%
$143,033
$143.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$25.4K $31.80/SF
− Vacancy
−$2.0K −$2.54/SF
EGI
$23.4K $29.26/SF
− OpEx
−$10.5K −$13.17/SF
NOI
$12.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,460
Cap Rate 7%
$183,900
Cap Rate 9%
$143,033
Alternative Uses
Best Use
Apartment 5plus
$183.9K
$160.9K – $214.6K
NOI $12,873 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.0K
$292.3K – $389.7K
NOI $23,381 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,604
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Los Angeles, CA
Properties on Market for Residential income properties in Los Angeles
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, one-bath residence includes a private front yard and a double-porch entrance.
Where is this residential income property located?
The property is located at 1450 Ricardo Unit 1450 Los Angeles, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 800‑square‑foot TIC residence with two bedrooms and one bathroom; Complete interior renovation, including a remodeled kitchen and updated finishes; Built in 1906
