3 VACANT UNITS Prime Investment Opportunity (FHA 203k loan is welcomed) in Cypress Park Presenting an exceptional vacant triplex in the heart of Cypress Park, one of Los Angeles’ hottest and fastest-growing neighborhoods. This rare gem, located in the coveted 90065 zip code of Northern East LA (NELA), offers a unique and versatile investment opportunity. The property features two 1-bedroom, 1-bathroom units and one spacious 3-bedroom, 2-bathroom unit. All units are currently vacant, providing immediate and unhindered access for potential investors or developers. The absence of the Rent Stabilization Ordinance (RSO) means you can set your rental rates without the constraints of rent control, allowing for maximum rental income potential. This property is a dream for investors looking to buy and hold, developers aiming to demolish and build new constructions, or multiple families wishing to purchase together. Imagine the possibilities: modern luxury apartments, stylish condos, or even a communal living space tailored to suit today’s lifestyle needs.
| MLS # | DW26163548 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 29 |
| Listing Provided By | NEXT Brokerage | Jimmy Mercado |
| SQ Feet | 2,014 |
|---|---|
| Garage | 3 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Acreage | 0.15 |
| Lot Features | Zero To One Unit Acre |
|---|
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Community Features | Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | CYPK Cypress Park |
| Listing VS Median (in 90065) | |
Price: $999,000 low | high Med: $1,192,450 sqft: 2,014 low | high Med: 1,843 $ / sqft: $496 low | high Med: $658 On site: 29 low | high Med: 107 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | CYPK Cypress Park |
| Listing VS Median (in 90065) | |
Price: $999,000 low | high Med: $1,192,450 sqft: 2,014 low | high Med: 1,843 $ / sqft: $496 low | high Med: $658 On site: 29 low | high Med: 107 | |