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$1,299,000
Est. payment /mo
6,359 Sqft Lot
UPDATED:
12/13/2024 07:14 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24167254
HOA Y/N No
Year Built 1908
Lot Size 6,359 Sqft
Property Description
3 VACANT UNITS Prime Investment Opportunity 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.
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.
Location
State CA
County Los Angeles
Area Cypk - Cypress Park
Zoning LARD3
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5453002003
Acceptable Financing Cash, Conventional, FHA 203(b), FHA, Submit
Listing Terms Cash, Conventional, FHA 203(b), FHA, Submit
Special Listing Condition Standard, Trust
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Listed by Jimmy Mercado • NEXT Brokerage • 626-234-7821