Cypress Park (CYPK) Homes with Garage Parking features

Cypress Park (CYPK) Homes with Garage Parking features

Welcome to Cypress Park (CYPK), a hidden gem nestled in the heart of Los Angeles County, California. This vibrant community is characterized by its rich history, diverse culture, and a strong sense of community spirit. Cypress Park is conveniently located just minutes from downtown Los Angeles, providing residents with the perfect blend of suburban tranquility and urban accessibility. With its lush green parks, scenic views of the nearby mountains, and an array of local amenities, it’s no wonder that Cypress Park is becoming a sought-after destination for homebuyers.

One of the standout features of homes in Cypress Park is the availability of garage parking. In a bustling city like Los Angeles, having a dedicated space for your vehicle is not just a convenience; it’s a necessity. Many homes in this charming neighborhood come equipped with spacious garages, offering protection from the elements and added security for your vehicle. Whether you’re a commuter needing quick access to the freeway or a family that values the ease of parking, these homes cater to your lifestyle.

Beyond the practicalities of garage parking, Cypress Park boasts a variety of architectural styles, from modern designs to classic bungalows, ensuring that there’s something for everyone. The community is also home to several parks, schools, and local shops, making it an ideal place for families and individuals alike. Experience the allure of Cypress Park—where comfort meets convenience in the heart of Los Angeles!

Newest Cypress Park (CYPK) Homes with Garage Parking features

$6,450,000
52 Beds 29 Baths 26844469 MLS Active Status
We are pleased to present the opportunity to acquire 3401-3405 N. Figueroa Street, a rare mixed use asset located in the highly sought after Cypress Park neighborhood of Los Angeles. Offered for sale for the first time since its development, the property consists of a 26 unit apartment community and two commercial spaces situated across two separate parcels, providing investors with operational flexibility and future value enhancement potential. The asset is being offered at $248,077 per unit and $319 per square foot, representing an attractive 10.37 GRM and 5.47% capitalization rate on current operations. Constructed in 1988, the residential component features an attractive unit mix of one (1) 1 Bedroom/1 Bathroom unit, twenty two (22) 2 Bedroom/1 Bathroom units, two (2) 2 Bedroom/2 Bathroom units, and one (1) 3 Bedroom/2 Bathroom unit. The commercial component includes a restaurant space and an additional commercial suite that is currently vacant, creating an immediate lease up opportunity for a new owner. The property contains approximately 20,188 rentable square feet on a 25,045 square foot LARD2 zoned lot and benefits from two separate APNs, offering potential ownership, financing, or disposition flexibility. Additionally, the asset provides 52 parking spaces, giving each residential unit one tandem parking space. A key investment highlight is the property's 1980s construction, exempting the residential units from the City of Los Angeles Rent Stabilization Ordinance (RSO). Instead, the property is subject only to California's statewide rent control regulations under AB 1482, allowing ownership to increase rents annually by up to 5% plus CPI, subject to state guidelines. Combined with approximately 27% rental upside, a desirable unit mix, and diversified mixed use income, the offering presents an attractive opportunity for investors seeking long term growth and stable cash flow. Ideally located along the N. Figueroa Street corridor, the property is adjacent to Florence Nightingale Middle School and near a growing collection of restaurants, cafes, retail destinations, and neighborhood amenities. Cypress Park continues to experience strong demand driven by ongoing revitalization, limited supply, and increasing interest from both residents and businesses, making opportunities of this scale and quality increasingly rare.

3405 N Figueroa Street, Los Angeles

$859,000
3 Beds 2 Baths P1-26423 MLS Active Status
Welcome to 2813 Silver Street, a rare opportunity to own a home hitting the market for the first time in over 50 years! Ideally located just minutes from Dodger Stadium, Downtown Los Angeles, and major freeways, this home offers the perfect blend of location, comfort, and potential.Step inside to a spacious living room that flows directly into the kitchen, creating a functional layout ideal for both everyday living and entertaining. The home has been freshly painted inside, giving the interior a clean, refreshed feel. The large primary suite, located just off the living area, features a walk-in closet and a generously sized private bathroom. The second bedroom, located behind the kitchen, is also well-sized. There is a connected bathroom that leads to the third bedroom, providing flexibility for guests or extended living arrangements. Step outside into the backyard, where you'll find a detached bonus room that can be used as a home office, den, studio, or creative workspace. Off the side of the home you will find the basement doors which leads to a very spacious area that provides ample storage space.Recent upgrades provide added peace of mind, including a brand new HVAC system and a newly installed security system.Additional highlights include a long driveway with a large carport that leads to a detached garage, offering ample parking and storage. Located near restaurants, shopping, entertainment, and iconic Los Angeles attractions, 2813 Silver Street is a unique opportunity to own a home in a highly desirable area.

2813 Silver Street, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.