4
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$882,000
Est. payment /mo
4,717 Sqft Lot
Active
1120 Cypress AVE Los Angeles, CA 90065
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25031819
HOA Y/N No
Year Built 1948
Lot Size 4,717 Sqft
Property Sub-Type Mixed Use
Property Description
INVESTORS/DEVELOPERS: 3-Lot Development and Investment Opportunity
A prime corner property with high visibility in Cypress Park featuring three side-by-side lots with LAR1.5 zoning. This is a unique opportunity for developers, investors, and business owners looking for multi-unit development potential or a turnkey investment with existing rental income.
Key Highlights:
- LAR1.5 zoning, ideal for small-lot subdivisions, multi-unit developments, or a custom-built community
- Three contiguous lots providing a combined footprint for development or mixed-use opportunities
- Income-producing property currently operating as a party supply store, flower shop, and retail space, with a long-term tenant on a month-to-month lease
- Additional business space with one unit used for ice cream bar distribution, with equipment included and sold as-is
- Recently upgraded unit featuring new stainless steel sinks, updated plumbing, industrial freezer, and fresh paint with $21,000 in recent improvements
- Prime location minutes from Highland Park, Frogtown, Downtown LA, Chinatown, and major medical centers
- Easy freeway access near I-5, I-110, and I-2, making it convenient for business operations and commuters
- Rapidly growing neighborhood with strong demand for housing, retail, and mixed-use developments
Whether you're looking to redevelop, expand, or hold as an investment, this rare multi-lot opportunity in an appreciating area offers versatility and strong upside potential.
A prime corner property with high visibility in Cypress Park featuring three side-by-side lots with LAR1.5 zoning. This is a unique opportunity for developers, investors, and business owners looking for multi-unit development potential or a turnkey investment with existing rental income.
Key Highlights:
- LAR1.5 zoning, ideal for small-lot subdivisions, multi-unit developments, or a custom-built community
- Three contiguous lots providing a combined footprint for development or mixed-use opportunities
- Income-producing property currently operating as a party supply store, flower shop, and retail space, with a long-term tenant on a month-to-month lease
- Additional business space with one unit used for ice cream bar distribution, with equipment included and sold as-is
- Recently upgraded unit featuring new stainless steel sinks, updated plumbing, industrial freezer, and fresh paint with $21,000 in recent improvements
- Prime location minutes from Highland Park, Frogtown, Downtown LA, Chinatown, and major medical centers
- Easy freeway access near I-5, I-110, and I-2, making it convenient for business operations and commuters
- Rapidly growing neighborhood with strong demand for housing, retail, and mixed-use developments
Whether you're looking to redevelop, expand, or hold as an investment, this rare multi-lot opportunity in an appreciating area offers versatility and strong upside potential.
Location
State CA
County Los Angeles
Area Cypk - Cypress Park
Interior
Fireplace No
Laundry None
Exterior
Community Features Park
Present Use Commercial
Building
Lot Description 0-1 Unit/Acre, 2-5 Units/Acre, Corner Lot, Near Park, Street Level, Value In Land
Story 1
Others
Tax ID 5453002001
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Dominique Allado Keller Williams Realty Irvine #02242636
NEARBY SCHOOL & BUSINESS
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