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1317 Cypress Avenue

Los Angeles (City), CA 90065
  • $1,175,000
  • STATUS: Active
  • ON SITE: 227 Days
  • ID#: 22208985
UPDATED: 67 min ago
$1,175,000
  • 10
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,042
    SQFT
  • $386
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Archie Robb of Keller Williams Studio City (818-432-1500) and Rich Johns of Kw Commercial Studio City(818-432-1500)


Description

KW Commercial, as exclusive listing agents, are pleased to present 1317 Cypress Ave, a 5-unit apartment building located in Cypress Park. Built in 1965, this 3,042 square foot building sits on a 4,601 square foot lot. The property consists of FIVE (5) 2 Bedroom, 1 Bathroom units and has 4 parking spots. The property has significant income growth potential thus making it an ideal investment opportunity for the long-term investor seeking strong long-term returns. The expenses are kept low since each unit is separately metered for gas and electric utilities. The subject property is conveniently located in the desirable Los Angeles community of Cypress Park. This prime location continues to see increased financial growth potential due to a youthful community teeming with new businesses such as bars, restaurants, coffee shops and more.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-30T13:31:20.597. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/133979159
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1317 Cypress Avenue Los Angeles (City), CA 90065

  • Price: $1,175,000
  • Status: Active
  • On Site: 227 Days
  • Updated: 67 min ago
  • ID#: 22208985
10
Beds
0
Baths
0
½ Baths
0.11
Acres
3,042
SQFT
$386
$/SQFT
1965
Built
Neighborhood:
CYPK - Cypress Park
County:
Los Angeles
Area:
CYPK - Cypress Park
Property Description
KW Commercial, as exclusive listing agents, are pleased to present 1317 Cypress Ave, a 5-unit apartment building located in Cypress Park. Built in 1965, this 3,042 square foot building sits on a 4,601 square foot lot. The property consists of FIVE (5) 2 Bedroom, 1 Bathroom units and has 4 parking spots. The property has significant income growth potential thus making it an ideal investment opportunity for the long-term investor seeking strong long-term returns. The expenses are kept low since each unit is separately metered for gas and electric utilities. The subject property is conveniently located in the desirable Los Angeles community of Cypress Park. This prime location continues to see increased financial growth potential due to a youthful community teeming with new businesses such as bars, restaurants, coffee shops and more.
Exterior Features

Attached Garage YN Yes Carport YN Yes Parking Features Attached Carport Parking Total 4

Property Features

Association YN No Cap Rate 2.8 Gross Income 63080 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 33404 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lac4



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-30T13:31:20.597. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Archie Robb of Keller Williams Studio City (818-432-1500) and Rich Johns of Kw Commercial Studio City(818-432-1500)