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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 882,000

Est. payment | -/mo

4,717 Sqft Lot

Save

$ 882,000

Est. payment | -/mo

Save

4,717 Sqft Lot

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Dominique Allado Keller Williams Realty Irvine #02242636

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1120 Cypress AVE Los Angeles, CA 90065