1120 Cypress AVE, Los Angeles, CA 90065
1120 Cypress AVE, Los Angeles, CA 90065
1120 Cypress AVE, Los Angeles, CA 90065
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Chris Mardelli

Chris Mardelli

+1(310) 571-5761
$882,000
Est. payment /mo
4,717 Sqft Lot
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UPDATED:

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.

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

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CRMLS Full IDX Feed (MAIN Website Search)
Listed by Dominique Allado Keller Williams Realty Irvine #02242636
Nearby Schools & Businesses

 

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Chris Mardelli

Broker | License ID: 01834969

+1(310) 571-5761 | chris@therealupside.com

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1120 Cypress AVE

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