597 Cypress Ave, Los Angeles, CA 90065
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597 Cypress Ave Los Angeles, CA 90065

$1,455,000 Sold Price as of 01/05/2024
  • 9 Beds
  • 6 Baths
  • 2,224 Sq.Ft.
Sold
$1,455,000 Sold Price as of 01/05/2024 Refinance Your Mortgage

Map preview of 597 Cypress Ave, Los Angeles, CA 90065

Property Overview: 597 Cypress Ave Los Angeles, CA has 9 bedrooms, 6 bathrooms, 2,224 living square feet and 10,009 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to a rare completely updated VACANT fully permitted 3 bed 2 bath (each) duplex opportunity poised at the scenic base of Mt Washington in the highly sought-after, trending Cypress Park neighborhood. This invitation extends to investors and eager owner-users ready to embrace a lifestyle where luxury meets income potential. Enveloped within a generous 10,000+ sq foot corner lot, the property showcases two nearly identical, side-by-side units, each a spacious 3 bedroom, 2 bathroom home, meticulously renovated with an eye for style and modern convenience. The front yard, mature and inviting, sets the stage for the elegance within. The open floor plan, flooded with natural light, romantic fireplace, facilitates a graceful flow from the expansive living area to the dining space, ready to accommodate gatherings large and small. The kitchens stand as a testament to thoughtful design, featuring quartz countertops, custom backsplashes, and center islands that provide not just ample space for culinary pursuits but also house a built-in wine fridge along w/ new stainless steel appliances. A nod to the connoisseur's taste. Gold fixtures gleam against the shaker cabinets, resonating with the sophistication of the door handles and kitchen hardware, creating a cohesive and luxurious aesthetic. The bathrooms boast custom designer tiles, new vanities, and modern fixtures with gold accents that complement the kitchens' upscale ambiance. Bedrooms offer a sanctuary of calm, with generous proportions and abundant closet space. Both units boast impressive primary suites w/ access via sliding door to the outdoor space. Attention to detail is evident throughout, with new flooring, windows, recessed lighting, and a fresh coat of paint both inside and out. The practical updates are comprehensive, including modern electrical/plumbing systems, a newer sewer line, air conditioning units, and a well-maintained roof. The corner lot's potential is as expansive as its grounds, with plenty of parking and space to introduce an Accessory Dwelling Unit (ADU) for added income. The sizable outdoor areas invite the possibility of terraced gardens and private entertainment spaces, complemented by the mature landscaping. Located in the vibrant heart of northeast LA, the duplex promises a lifestyle of convenience and elegance. With the latest updates, including the coveted kitchen islands and the luxurious touch of gold fixtures, this property is poised to command a high rental yield. This investment is not just a property; it's a lifestyle choice, a chance to establish a sophisticated home in one of LA's most dynamic communities. Perfect for both first-time buyers and seasoned investors, this duplex represents a significant value-add and equity opportunity. Act now, as this exquisitely re-imagined property is set to be a sought-after jewel in Cypress Park. Walk-able to restaurants, bars, & a stones throw to Highland Park & DTLA. Quintessential NELA living at its finest.

Listed by Rosa A. Garcia | BRE #01373253 | Division One Investment & Loan Inc
Last checked: 10 minutes ago | Last updated: January 5th, 2024 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
10,009
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
23329673
City
Los Angeles
County
Los Angeles
Time on Site
176 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 597 Cypress Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Bath, Primary Bedroom, Primary Retreat, Living Room, Kitchen
Room Information
  • Primary Bathroom, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Convection Oven, Range Hood, Range
Interior Features
  • Open Floorplan, Recessed Lighting
  • Levels: One
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Driveway, Garage - Two Door
Lot Information
  • Lot Features: Front Yard, Yard
Property Information
  • Has View
  • Total # of Units: 2
  • Parcel Number: 5446006001
  • Offered With Property: Existing appliances.
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Off of Figueroa and Cypress.
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Sale History for 597 Cypress Ave

Last sold for $1,455,000 on January 5th, 2024
  • January, 2024

  • Jan 5, 2024

    Date

    Sold

    CRMLS: 23329673

    $1,455,000

    Price

  • Nov 7, 2023

    Date

    Active

    CRMLS: 23329673

    $1,474,900

    Price

  • June, 2022

  • Jun 22, 2022

    Date

    Sold

    CRMLS: 22157703

    $944,250

    Price

  • May 17, 2022

    Date

    Active

    CRMLS: 22157703

    $989,900

    Price

  • Listing provided courtesy of CRMLS

    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!

  • January, 2021

  • Jan 8, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 597 Cypress Ave

Assessed Value (2020): $108,106
Year Land Value Improved Value Assessed Value
2020 $78,772 $29,334 $108,106

Home Value Compared to the Market

This property vs the competition

597 Cypress Ave sold on January 5, 2024 for 40.47% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $663.17 per/sqft which puts the price per square foot 10.14% lower than the current median sale per square foot for the city of Los Angeles.

About 597 Cypress Ave

Detailed summary of property

597 Cypress Ave is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 9 bedrooms, 6 bathrooms, roughly 2,224 living square feet, and sits on an approximately 10,009 square foot lot. 597 Cypress Ave was first listed on ArdentRealEstateGroup.com on November 7, 2023. The homeowner sold the property for $1,455,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 40.47% higher than the current median priced home. Local homes that are currently for sale include 4312 Division St, 314 N Avenue 53 and 4914 Mendota Ave. While the average home in Los Angeles, CA is selling in 96 days, 597 Cypress Ave has a days on market of 24 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 597 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 597 Cypress Ave

Public county record property details
Beds
2
Baths
2
Year built
1922
Sq. Ft.
2,008
Lot Size
10,006
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5446-006-001

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
$1,181,935
Median List Price/Sq.Ft.
$749
Median Sold Price
$1,049,752
Median Sold Price/Sq.Ft.
$844
Total Inventory
76
Median Sale to List Price %
105.19%
Avg Days on Market
24
Loan Type
Conventional (23.53%), FHA (0%), VA (0%), Cash (17.65%), Other (11.76%)

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Related Resources to 597 Cypress Ave

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.