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$ 1,099,000
Est. payment | /mo
5 Beds
$ 1,099,000
Est. payment | /mo
5 Beds
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25182855
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property 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 LAs 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 Washingtonneighborhoods 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 buildings 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 opportuni
Location
State CA
County Los Angeles
Zoning Assessor
Direction Cypress Ave & Roseview
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5453002003
Listed by Jimmy Mercado NEXT Brokerage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "