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Listed by Dominique Allado • Keller Williams Realty Irvine
$ 882,000
Est. payment /mo
Active
1120 Cypress Avenue Los Angeles, CA 90065
4,716 SqFt
UPDATED:
03/09/2025 07:55 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,716 sqft
Price per Sqft $187
MLS Listing ID CROC25031819
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1948
Lot Size 4,716 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 devel
Location
State CA
County Los Angeles
Interior
Fireplace No
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