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$1,299,000
Est. payment /mo
5 Beds
4 Baths
6,361 Sqft Lot
UPDATED:
12/13/2024 06:58 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24167254
Bedrooms 5
HOA Y/N No
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 todays lifestyle needs.
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 todays lifestyle needs.
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 todays lifestyle needs.
Location
State CA
County Los Angeles
Area Los Angeles (90065)
Zoning Assessor
Building
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $39
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Listed by Jimmy Mercado • NEXT Brokerage
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