Cypress Park! That cozy neighborhood nestled between the Los Angeles River and Mt. Washington and Highland Park was recently named by Zillow as the hottest real estate neighborhood in Los Angeles metro area. Zillow projects in 2017 real estate values in Cypress Park will grow an average of 8%, which places it before the white-hot Cheviot Hills, Montecito Heights, and Highland Park. There’s never been a better time to buy in the neighborhood. Here are some single family fixers, income properties, and one gorgeous redone craftsman on the market right now in Cypress Park you won’t want to miss.
3415 Loosmore St
LP: $545,000
2 beds / 1 baths
The first home on this list is also the least expensive, and it comes with mature lemon and orange trees! The 2 bedroom, 1 bathroom is an incredible opportunity for first time home buyers. The bedrooms are spacious, the living areas have abundant natural light. Plus there’s a great garage and big front and back yards.
Listing provided courtesy of Araceli Concordia, Teles Properties
2629 Alice St
LP: $549,000
3 beds / 1.75 baths
This lovely Traditional-style home on quiet Alice Street in Cypress Park is sure to go quickly. It’s a fixer upper for sure but the potential is seen everywhere. 3 bedrooms and 1.75 baths is just waiting for the right owner. The large backyard is gated and perfect for dogs. There’s a detached 1 car garage and work area that could easily transform into an artists studio or work space. And, like all of the houses on this list, it’s super close to downtown, Pasadena, Silver Lake, and Burbank.
Listing provided courtesy of Eddy Chavarria, Las Casas Realty, Inc.
3316 Merced Street
LP: $598,000
4 beds / 2 baths
Four bedrooms and one bath in each of this Spanish-style duplex’s separate dwellings. This duplex is being sold with two tenants so income is guaranteed. These free-standing units each have their own yard.
Listing provided courtesy of Wilbert Alvarado, Remax Masters.
3200 Huron St
LP: $600,000
3 beds / 1 baths
This three bedroom house has great bones. Sure, it needs work, but please keep the charming vintage pink bathroom! All of the living areas have high ceilings and lots of light from the large windows. This is a trust sale, no court confirmation needed.
Listing provided courtesy of Louis Salazar.
3416-1/2 North Figueroa St
LP: $649,000
6 beds / 5 baths
And if you’re looking for income property, you’ll love this charming 4-unit apartment building on Figueroa. Walk to Footsies! All units are freestanding. Plus the location is so close to Highland Park, Mt. Washington, and downtown. It’s a real winner.
Listing provided courtesy of Iacopo Wachter, First American Team, Inc.
3431 Loosmore St
LP: $799,000
4 beds / 2 baths
Then there’s this completely redone and gorgeous four bedroom craftsman! It will either help you imagine all the wonderful restorations you can do to the properties above or you’ll fall in love with the excellent upgrades. It’s located on a quiet tree-lined street and I just think it’s so cute.