1571 Ricardo, Los Angeles, CA 90033

Property Description

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.