552 Cypress Avenue, Los Angeles, California 90065, Los Angeles, 90065 - bed, bath
ACTIVE$758,999
552 Cypress Avenue, Los Angeles, California 90065
0Bed
0Bath
1,344Sqft
2,822Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential & Versatility: As a duplex, the property offers significant income potential for investors or allows an owner-occupant to live in one unit and rent out the other, providing a strong financial advantage.
Top Cons:
Age of Property & Potential Updates: Built in 1923, the property's age suggests potential for deferred maintenance or the need for significant updates to major systems (plumbing, electrical, HVAC) to meet modern standards.
Compared to the nearby listings
Price:$759.0K vs avg $936.0K ($-177,001)20%
Size:1,344 sqft vs avg 1,828 sqft40%
Price/sqft:$565 vs avg $56550%
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923, this property is over 100 years old. While the description mentions 'beautiful wood floors' and the exterior appears maintained, there are no interior images to assess the condition, style, and features of the kitchen, bathrooms, appliances, or other systems. The lack of visible modern updates and the age of the property suggest that major components are likely functional but outdated, requiring minor updates or repairs to meet current standards. It fits the 'Fair' criteria of being aged but maintained through regular upkeep, without evidence of extensive recent renovations.
Year Built
1923
Close
-
List price
$759K
Original List price
$759K
Price/Sqft
$565
HOA
-
Days on market
-
Sold On
-
MLS number
IV25186805
Home ConditionFair
Features
View-
About this home
Welcome to 552 Cypress, a charming duplex located in the highly desirable 90065 area of Los Angeles. This unique property features two side-by-side units, offering both privacy and convenience. Each unit showcases beautiful wood floors that add warmth and character throughout. A detached garage provides additional parking or storage space. Situated in a nice neighborhood, this property is perfect for an investor seeking rental income or an owner-occupant looking to live in one unit and rent out the other. With its prime location and versatile layout, 552 Cypress presents an excellent opportunity in the heart of Los Angeles.
Nearby schools
4/10
Loreto Street Elementary School
Public,•K-5•0.2mi
2/10
Hillside Elementary School
Public,•K-5•0.5mi
2/10
Aragon Avenue Elementary School
Public,•K-5•0.6mi
7/10
Dorris Place Elementary School
Public,•K-6•1.0mi
3/10
Albion Street Elementary School
Public,•K-6•1.2mi
4/10
Glassell Park Elementary School
Public,•K-6•1.5mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.1mi
6/10
Irving STEAM Magnet
Public,•6-8•2.4mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•1.3mi
Price History
Date
Event
Price
05/13/24
Sold
$410,000
Condition Rating
Fair
Built in 1923, this property is over 100 years old. While the description mentions 'beautiful wood floors' and the exterior appears maintained, there are no interior images to assess the condition, style, and features of the kitchen, bathrooms, appliances, or other systems. The lack of visible modern updates and the age of the property suggest that major components are likely functional but outdated, requiring minor updates or repairs to meet current standards. It fits the 'Fair' criteria of being aged but maintained through regular upkeep, without evidence of extensive recent renovations.
Pros & Cons
Pros
Income Potential & Versatility: As a duplex, the property offers significant income potential for investors or allows an owner-occupant to live in one unit and rent out the other, providing a strong financial advantage.
Prime Los Angeles Location: Situated in the 'highly desirable 90065 area' and described as a 'nice neighborhood' with a 'prime location in the heart of Los Angeles,' ensuring strong demand and appreciation potential.
Charming Character & Features: The property is noted as a 'charming duplex' with 'beautiful wood floors,' appealing to buyers seeking character and classic architectural details.
Privacy & Functional Layout: The 'two side-by-side units' are highlighted for offering 'both privacy and convenience,' a desirable feature for multi-unit properties.
Detached Garage: The presence of a detached garage provides valuable additional parking or storage space, enhancing the property's utility.
Cons
Age of Property & Potential Updates: Built in 1923, the property's age suggests potential for deferred maintenance or the need for significant updates to major systems (plumbing, electrical, HVAC) to meet modern standards.
Compact Unit Sizes: With 1344 sqft for two units, each individual unit is relatively small, which might limit the appeal to tenants or owner-occupants seeking more spacious living areas.
Lack of Explicit Modern Amenities: While charming, the description does not mention recent renovations to kitchens or bathrooms, or the presence of central air conditioning, which could necessitate further investment for a buyer seeking contemporary comforts.