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1175 Cypress Ave, Los Angeles, CA 90065
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1175 Cypress Ave Los Angeles, CA 90065

$1,425,000 Sold Price as of 06/03/2019
  • 6 Beds
  • 5 Baths
  • 3,959 Sq.Ft.
Sold
$1,425,000 Sold Price as of 06/03/2019 Refinance Your Mortgage
Map preview of 1175 Cypress Ave, Los Angeles, CA 90065

Property Overview: 1175 Cypress Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 3,959 living square feet and 9,266 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Commercial/Residential Mix use properties for sale in Cypress park. The price, building & lot size above reflects 4 parcels in one transaction; 5454-025-016, 5454-025-015, 5454-025-014, 5454-025-013. Total of 8 units, three commercial units; 1173, 1175 & 1165 Cypress Ave, Five residential units on commercial C4 lot; 3304 Alice, 1169, 1169 1/2, 1163, 1167 1/2 Cypress Ave. 1173 Cypress Ave currently being used as a Zumba studio, rent is $580 per month. 1175 Cypress currently being use as a fabric store, rent is $580.00 per month. 1165 Cypress is vacant. See the rental income on 5 residential units bellow. Great opportunity for an investor/developer to built commercial residential mix units. Buyer to verify with the city of Los Angeles.

Listed by Angela Julfayan | BRE #01086029 | Coldwell Banker Hallmark
Last checked: 10 minutes ago | Last updated: May 5th, 2022 | Source CRMLS | DOM: 151

Home details

Lot Sq. Ft
9,266
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
319000034
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 3
  • # of Leased Units: 0
  • # of Electric Meters: 8
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Total Rent: $825
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 6
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $760
Unit Breakdown 7
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $800
Unit Breakdown 8
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Total Rent: $780
Unit Breakdown 9
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 1
  • Total Rent: $800
Unit Breakdown 10
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 11
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 12
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 13
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 0%
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Vacancy Allowance: $0
  • Gross Spendable Income: $0
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $0
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $0
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $0

Property Details for 1175 Cypress Ave

Interior Features
Fireplace Information
  • No Fireplace
Room Information
  • Flooring: Concrete, Laminate
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
Exterior Features
  • No Pool
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Seller
Property Information
  • No View
  • Common Walls: 1 Common Wall
  • Total # of Units: 8
  • Parcel Number: 5454025016
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable-105
  • Directions: Cross Streets: Alice st./N.Figueroa
View more facts & features

Local Los Angeles Agent

Sale History for 1175 Cypress Ave

Last sold for $1,425,000 on June 3rd, 2019

  • June, 2019

  • Jun 4, 2019

    Date

    Sold

    CRMLS: 319000034

    $1,425,000

    Price

  • Jun 4, 2019

    Date

    Pending

    CRMLS: 319000034

    $1,450,000

    Price

  • Feb 14, 2019

    Date

    Active Under Contract

    CRMLS: 319000034

    $1,450,000

    Price

  • Jan 3, 2019

    Date

    Active

    CRMLS: 319000034

    $1,450,000

    Price

  • May, 2019

  • May 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,425,000

    Price

  • January, 2019

  • Jan 1, 2019

    Date

    Expired

    CRMLS: 318003457

    $1,499,000

    Price

  • Aug 28, 2018

    Date

    Active

    CRMLS: 318003457

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2018

  • Aug 24, 2018

    Date

    Canceled

    CRMLS: 318001896

    $699,000

    Price

  • May 31, 2018

    Date

    Pending

    CRMLS: 318001896

    $699,000

    Price

  • May 17, 2018

    Date

    Active

    CRMLS: 318001896

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Commercial/Residential Mix use; 2 commercial units 1173 & 1175 Cypress Ave, 1 residential unit 3304 Alice plus vacant lot next door parcel #5454-025-015. 1173 Cypress currently being used as a Zumba studio rent is $580 per month. 1173 Cypress currently being use as a fabric store, rent is $580.00 per month. 3304 is 2 bd/1 bath, rent is $825.00 per month. Next door properties are for sale too; 1169 Cypress Ave is a duplex on C4 lot in the Market for $499,000. 1163 Cypress Ave residential/commercial mix on C4 lot in the Market for $499,000. All 4 parcels can be sold together or separate. Great opportunity for a developer to built commercial residential mix units. Buyer to verify with the city of Los Angeles.

  • January, 2018

  • Jan 17, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1175 Cypress Ave

Assessed Value (2020): $527,340
Year Land Value Improved Value Assessed Value
2020 $343,740 $183,600 $527,340

Home Value Compared to the Market

This property vs the competition

1175 Cypress Ave sold on June 3, 2019 for 29.46% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $366.25 per/sqft which puts the price per square foot 49.41% lower than the current median sale per square foot for the city of Los Angeles.

About 1175 Cypress Ave

Detailed summary of property

1175 Cypress Ave is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 3,959 living square feet, and sits on an approximately 9,266 square foot lot. 1175 Cypress Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,425,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 29.46% higher than the current median priced home. Local homes that are currently for sale include 2160 Lake Shore Ave, 4943 Granada St and 2334 Silver Ridge Ave. While the average home in Los Angeles, CA is selling in 106 days, 1175 Cypress Ave has a days on market of 151 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1175 Cypress Ave Los Angeles, CA 90065 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1175 Cypress Ave

Public county record property details
Beds
--
Baths
--
Year built
1909
Sq. Ft.
1,625
Lot Size
2,293
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
94 1/2
APN
5454-025-016

The source for these homes facts are from public records.

90065 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$833
Median Sold Price
$1,253,094
Median Sold Price/Sq.Ft.
$681
Total Inventory
85
Median Sale to List Price %
100.25%
Avg Days on Market
33
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (25%), Other (15%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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