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Endless Potential in Cypress Park: 3-Unit Fixer-Upper with Tremendous Upside. Located in the heart of the fast-growing Cypress Park neighborhood of North East Los Angeles (NELA), this 3-unit property offers a unique opportunity to create a custom multi-family investment or personal residence in one of LA’s most exciting and dynamic areas. Nestled in the 90065 zip code, this property is just minutes away from thriving communities like Highland Park, Glassell Park, and Mount Washington—neighborhoods that have experienced remarkable appreciation over the last decade. With neighboring properties already undergoing redevelopment, now is the perfect time to invest in this area before prices continue to rise. The property consists of two side-by-side 1-bedroom, 1-bathroom units in the front building, along with a 3-bedroom, 2-bathroom home at the rear. While this property is currently in need of significant updates, these challenges present an exciting opportunity for buyers with vision. With a little creativity and investment, this property can be transformed into a highly profitable multi-family asset or a comfortable, income-generating home. The front building’s two 1-bedroom units offer the potential for a thoughtful redesign and modernization. Whether you choose to open up the floor plans for a more open-concept feel or update the units with contemporary finishes, these spaces offer a solid foundation for creating stylish and highly desirable rentals. The rear 3-bedroom, 2-bathroom home also presents a blank canvas. What truly sets this property apart is the incredible opportunity it presents for a savvy homeowner. The property can be upgraded over time, with the front units generating rental income to help offset renovation costs. This flexible option allows for phased improvements, enabling you to maximize the property’s potential while maintaining cash flow. The growing demand for rental properties in NELA makes this an attractive choice for a long-term investment strategy, with the possibility of creating a beautiful, income-generating property that appreciates in value as the neighborhood continues its transformation. Cypress Park is experiencing a revitalization, and this property offers a front-row seat to the future growth of the area. With increasing demand for housing and surrounding neighborhoods experiencing substantial price increases, the time to invest is now.
Property Type(s):
Residential Income
| Last Updated | 4/8/2025 | Year Built | 1908 |
|---|---|---|---|
| Community | Cypress Park | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AREA | Cypress Park |
|---|---|
| GARAGE | Yes |
| LOT | 6361 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
| ZONING | LARD3 |
Location
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The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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