597 Cypress Avenue

Los Angeles, CA 90065

$944,250
Last Sold Price
2
Beds
2
Baths
2,008 Sq. Ft.
$470 / Sq. Ft.
2,008
Sq. Ft.
$470
per Sq. Ft.

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...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!
  1. Listed by Rosa A. Garcia • DRE #01373253 • Brokerage DRE #01424679 • Division One Invst. & Loan

Property Details for 597 Cypress Avenue

Zoning
LAR1
Style
Craftsman
Parcel Number
5446006001
Total Units
2.0
Living Area
2008
Source Living Area
Vendor Enhanced
Area
Cypress Park (CYPK)
Vacancy Rate
0

Location

Listing Courtesy of Division One Invst. & Loan, Rosa A. Garcia, DRE #01373253

Sold By Division One Invst. & Loan, Rosa A. Garcia, DRE #01373253

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LISTING UPDATED: 06/22/2022 10:39 PM

Property Details for 597 Cypress Avenue

StatusSold
MLS #22-157703
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.23 AC / 10,006 SF
CountyLos Angeles County

Location

Listing Courtesy of Division One Invst. & Loan, Rosa A. Garcia, DRE #01373253

Sold By Division One Invst. & Loan, Rosa A. Garcia, DRE #01373253

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Virtual Tour

Building Information for 597 Cypress Avenue

Stories1Residences-Year Built1922Building Size-Lot Size0.23 AC / 10,006 SF

Payment Calculator

$6,158 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,153

Property Taxes

$1,005

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 597 Cypress Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 2
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Vacancy Allow Percent: 100.00%
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.2297
  • Lot Size Square Feet: 10006
  • Lot Features: Front Yard
  • Lot Description: Front Yard, Fenced
Parking Details
Parking Details
  • Parking Garage: Garage, Driveway Gate
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Garage
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Mixed
  • Equipment: None
  • Common Walls: Attached
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Shingle
  • Patio Features: Porch - Front
  • Entry Location: Main Level
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-17-2022
  • Listing Terms: Cash To New Loan
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $404,144.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $606,216.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,010,360.00
  • Private Transfer Taxes: No

Property History for 597 Cypress Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 597 Cypress Avenue

Taxable ValueLand$708,135Additions$255,000Total$963,135
Tax Record2023$12,057 ($1,005 / month)
Home Facts
Total Finished SqFt2,008 SqFtAbove Grade Finished SqFt2,008 SqFtLot Size10,006 SqFtStyleDuplexYear Built1922ZoningLAR1CountyLOS ANGELESAPN5446-006-001

Schools near 597 Cypress Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Loreto Street Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Division One Invst. & Loan, Rosa A. Garcia, DRE #01373253

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.