1120 Cypress Avenue , Los Angeles, CA 90065
Los Angeles, CA 90065
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.
Details
| MLS# | OC25031819 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 61 |
| Listing Provided By | Keller Williams Realty Irvine 949-861-8000 | Dominique Allado |
Features
| SQ Feet | 4,716 |
|---|---|
| Story(s) | 1 |
| Acreage | 0.11 |
Market Activity 90065
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | CYPK Cypress Park |
| Listing VS Median (In 90065) | |
Price: $882,000 low | high Med: $1,100,000 SqFt: 4,716 low | high Med: 4,384 $ / SqFt: $187 low | high Med: $556 On site: 61 low | high Med: 11.500000 | |