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Key Details
Sold Price $944,250
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22157703
Sold Date 06/22/22
HOA Y/N No
Year Built 1922
Lot Size 10,005 Sqft
Property Description
Calling all investors/developers looking for income potential and eager owner-users who are ready to create a dream home with the benefit of supplementing your income. Here's an opportunity to own a rare vacant duplex on a huge 10,000+ sq foot lot located at the scenic base of Mt Washington in highly sought after trending Cypress Park neighborhood. The almost identical side by side homes are currently 1 bed & 1 bath w/ fireplace large enough (approximately 1,004 sq feet each unit) to convert into 3/2. These units beckon to be re-imagined and will surely command high rental income once restored. Newer roof and updated copper plumbing are featured , all you need is to update cosmetically and earn! The expansive corner lot has endless possibilities with tons of parking and plenty of room to add an ADU to maximize earning potential. Mature landscaping surrounds the property and there's no denying the huge potential this property has to offer. The location anchors itself to the bustling northeast LA living with its close proximity to the LA River, DTLA and some of the hottest retail and dining spots in the surrounding neighborhoods of Glassell Park, Eagle Rock, and Highland Park. Come with an open mind and excitement as you realize the opportunity to stake claim and make this Cypress Park opportunity all your own. Huge value add and sweat equity opportunity. Perfect for the novice to savvy investor. Call today for a showing as this one surely won't last!
Location
State CA
County Los Angeles
Area Cypk - Cypress Park
Zoning LAR1
Interior
Fireplaces Type Living Room
Fireplace Yes
Exterior
Parking Features Garage
Pool None
Community Features Gated
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard
Story 1
Architectural Style Craftsman
New Construction No
Others
Senior Community No
Tax ID 5446006001
Security Features Gated Community
Special Listing Condition Standard
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Bought with Rosa A. Garcia Division One Invst. & Loan