Description
Endless potential in cypress park: 3-unit fixer-upper with tremendous upside. located in the heart of the fast-growing cypress park neighborhood of north east los angeles (nela), this 3-unit property offers a unique opportunity to create a custom multi-family investment or personal residence in one of la’s most exciting and dynamic areas. nestled in the 90065 zip code, this property is just minutes away from thriving communities like highland park, glassell park, and mount washington—neighborhoods that have experienced remarkable appreciation over the last decade. with neighboring properties already undergoing redevelopment, now is the perfect time to invest in this area before prices continue to rise. the property consists of two side-by-side 1-bedroom, 1-bathroom units in the front building, along with a 3-bedroom, 2-bathroom home at the rear. while this property is currently in need of significant updates, these challenges present an exciting opportunity for buyers with vision. with a little creativity and investment, this property can be transformed into a highly profitable multi-family asset or a comfortable, income-generating home. the front building’s two 1-bedroom units offer the potential for a thoughtful redesign and modernization. whether you choose to open up the floor plans for a more open-concept feel or update the units with contemporary finishes, these spaces offer a solid foundation for creating stylish and highly desirable rentals. the rear 3-bedroom, 2-bathroom home also presents a blank canvas. what truly sets this property apart is the incredible opportunity it presents for a savvy homeowner. the property can be upgraded over time, with the front units generating rental income to help offset renovation costs. this flexible option allows for phased improvements, enabling you to maximize the property’s potential while maintaining cash flow. the growing demand for rental properties in nela makes this an attractive choice for a long-term investment strategy, with the possibility of creating a beautiful, income-generating property that appreciates in value as the neighborhood continues its transformation. cypress park is experiencing a revitalization, and this property offers a front-row seat to the future growth of the area. with increasing demand for housing and surrounding neighborhoods experiencing substantial price increases, the time to invest is now.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49270770
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Exterior Features
Building Information
- Year Built: 1908
Pool Features
- None
Laundry Features
- Washer Hookup,Gas Dryer Hookup
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.146
- Lot Size Source: Assessor
- Lot Size Square Feet: 6361
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Listing Information
Listing Price Information
- Original List Price: 1,299,000
- Listing Contract Date: 2025-04-08
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 5453002003
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: CYPK - Cypress Park
- Postal Code Plus 4: 1123
- Directions: Cypress Avenue and Roseview
- Zoning: LARD3
- Source Property Type: Residential Income
- Area: CYPK - Cypress Park
- Property SubType: Triplex
Building and Construction
- Property Age: 117
- Common Walls: 1 Common Wall
- Structure Type: Triplex
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Front
- Property Attached: Yes
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BuyOwner last updated this listing 04/21/2025 @ 22:03
- MLS: DW25076812
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 5 bedrooms which is for sale, it has 0 sqft, 6,361 sized lot, and 4 parking. are nearby neighborhoods.