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Listed by Jimmy Mercado • NEXT Brokerage
$ 1,299,000
Est. payment | /mo
2,014 SqFt
$ 1,299,000
Est. payment | /mo
2,014 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,014 sqft
Price per Sqft $644
MLS Listing ID CRDW24167254
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1908
Lot Size 6,361 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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Gas Dryer Hookup, Other
Building
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767