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584 Cypress Ave, Los Angeles, CA 90065
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584 Cypress Ave Los Angeles, CA 90065

$925,000 Sold Price as of 04/05/2022
  • 5 Beds
  • 3 Baths
  • 2,232 Sq.Ft.
Sold
$925,000 Sold Price as of 04/05/2022 Refinance Your Mortgage
Map preview of 584 Cypress Ave, Los Angeles, CA 90065

Property Overview: 584 Cypress Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,232 living square feet and 2,416 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We welcome you to this unique opportunity. 3 units available in the beautiful neighborhood of Cypress Park in the city of Los Angeles. This Triplex consists of two downstairs - 1 Bedroom 1 bathroom mirror units; and a 3 Bedroom , 1 bathroom upstairs unit. Great opportunity to live in one of the units and rent the others to underwrite the mortgage. Property sits on a corner lot adjacent to the alley. All units have fully paid for energy efficient solar panels so utility bills should be significantly lower. A new roof was installed when solar was put in. All units are metered separately for electricity, gas, and water heaters. All units have window A/C units and fans. Newer windows. Recently painted exterior. Property has a 1 car garage. Highly walk score of 79; Meaning the location is very walkable so most daily errands can be accomplished on foot. Really close to downtown and conviniently located close the Dodger Stadium, Elysian Park, Hiking Trails.

Listed by Juan Ochoa | BRE #01765133 | Park Regency Realty
Last checked: 13 minutes ago | Last updated: April 5th, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
2,416
HOA Dues
$0/mo
Year built
1924
Garage
1 Car
Property Type:
Triplex
Status
Sold
MLS#
SR22013090
City
Los Angeles
County
Los Angeles
Time on Site
838 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,200
  • Net Operating Income: $72,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,200
  • Electric: $200
  • Gas/Fuel: $0
  • Trash: $60
  • Insurance: $100
  • Water/Sewer: $60

Virtual Tour

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Property Details for 584 Cypress Ave

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5446007027
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cypress East to Idell St. Property on the right hand side.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 584 Cypress Ave

Last sold for $925,000 on April 5th, 2022

  • April, 2022

  • Apr 5, 2022

    Date

    Sold

    CRMLS: SR22013090

    $925,000

    Price

  • July, 2020

  • Jul 1, 2020

    Date

    Expired

    CRMLS: DW19132191

    $849,000

    Price

  • Jun 11, 2020

    Date

    Withdrawn

    CRMLS: DW19132191

    $849,000

    Price

  • Dec 27, 2019

    Date

    Active

    CRMLS: DW19132191

    $849,000

    Price

  • Nov 26, 2019

    Date

    Hold

    CRMLS: DW19132191

    $849,000

    Price

  • Jun 6, 2019

    Date

    Active

    CRMLS: DW19132191

    $849,000

    Price

  • Listing provided courtesy of CRMLS

    Great tri-plex for sale located in Cypress Park on the foothills of Mount Washington. Top unit features 3 bedrooms 1 bathroom and the lower units feature 1 bedroom 1 bathroom. One of the 1 bedroom units has a BONUS room and will be delivered vacant at the close of escrow. The property is centrally located in a great neighborhood and is walking distance to schools and local restaurants. The freeways are just a short drive away and public transportation is easily accessible as well. My seller is extremely motivated so stop by and take a look!

  • August, 2019

  • Aug 6, 2019

    Date

    Expired

    CRMLS: DW19029039

    $829,000

    Price

  • Mar 27, 2019

    Date

    Withdrawn

    CRMLS: DW19029039

    $829,000

    Price

  • Mar 12, 2019

    Date

    Price Change

    CRMLS: DW19029039

    $829,000

    Price

  • Feb 21, 2019

    Date

    Price Change

    CRMLS: DW19029039

    $889,000

    Price

  • Feb 7, 2019

    Date

    Active

    CRMLS: DW19029039

    $919,000

    Price

  • Listing provided courtesy of CRMLS

    Investors opportunity. This property is a triplex one building top unit features 3bed 1 bat other units 1 bed 1 bath. Bring your paint and brush and give them a new look. property to be sold as is

  • July, 2019

  • Jul 23, 2019

    Date

    Expired

    CRMLS: RS18206056

    $950,000

    Price

  • Jan 16, 2019

    Date

    Withdrawn

    CRMLS: RS18206056

    $950,000

    Price

  • Aug 30, 2018

    Date

    Active

    CRMLS: RS18206056

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity for this triplex income property. This property is a multi-unit home that contains 2,232 sq. ft. of living space situated on a lot just over 2400 sq. ft. One unit on top feature one bedroom and one full bathroom and has 2 rooms as a bonus, which can be used as bedrooms both rooms have closets , you can rent this unit for $ 2,500.00 in the bottom 2 units one bedroom one bathroom each. The 3 units are very spacious.

  • October, 2004

  • Oct 20, 2004

    Date

    Sold (Public Records)

    Public Records

    $363,000

    Price

Show More

Tax History for 584 Cypress Ave

Assessed Value (2020): $462,649
Year Land Value Improved Value Assessed Value
2020 $293,140 $169,509 $462,649

Home Value Compared to the Market

This property vs the competition

584 Cypress Ave sold on April 5, 2022 for 20.17% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $425.63 per/sqft which puts the price per square foot 43.63% lower than the current median sale per square foot for the city of Los Angeles.

About 584 Cypress Ave

Detailed summary of property

584 Cypress Ave is a triplex that recently sold in Los Angeles, CA 90065. This triplex offered 5 bedrooms, 3 bathrooms, roughly 2,232 living square feet, and sits on an approximately 2,416 square foot lot. 584 Cypress Ave was first listed on ArdentRealEstateGroup.com on January 22, 2022. The homeowner sold the property for $925,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.17% lower than the current median priced home. Local homes that are currently for sale include 829 El Paso Dr, 148 S Avenue 53 and 1242 Lilac Pl. While the average home in Los Angeles, CA is selling in 94 days, 584 Cypress Ave has a days on market of 6 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 584 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 584 Cypress Ave

Public county record property details
Beds
3
Baths
3
Year built
1924
Sq. Ft.
2,232
Lot Size
2,416
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15,38
APN
5446-007-027

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
$1,174,000
Median List Price/Sq.Ft.
$752
Median Sold Price
$1,029,752
Median Sold Price/Sq.Ft.
$695
Total Inventory
79
Median Sale to List Price %
101.06%
Avg Days on Market
29
Loan Type
Conventional (18.75%), FHA (0%), VA (0%), Cash (12.5%), Other (6.25%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 584 Cypress Ave

597 Cypress Ave, Los Angeles, CA 90065
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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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