NOT LISTED FOR SALE

1202 Cypress Ave Los Angeles, CA 90065

Cypress Park Neighborhood

Estimated Value: $682,802

2 Beds
1 Bath
1,692 Sq Ft
$404/Sq Ft Est. Value

Last Sold April 19, 2013

Last sale price $300,000 $177 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,033/month

Highlights

  • No HOA
  • Abraham Lincoln High School Rated A
  • Back Yard

About This Home

As of April 2013

The subject property is located at the signalized intersection of Cypress Avenue and Alice Street. It is located just blocks to Glassel Park and minutes to Highland Park, minutes away from Glendale, Pasadena, and Downtown L.A. Easy Access to the 110/5/2 Freeways. The property is 1,692sf building, consists of a Beauty Salon, a former Furniture Store, and a 2 bd+1ba house on the back. The house is accessible through a shared drive-way on Cypress Avenue. The beauty salon has been establish for over 15 years catering to the local neighborhood. This is an excellent property for an Owner-occupied business or investor looking to add value to the Zone C4 property that sits on a 5,924sf lot.

Last Agent to Sell the Property

Jaime A. Suarez

BONA REAL ESTATE PASADENA License #01196632 Listed on: 03/22/2013

Co-Listed By

David Yashar

Keller Williams Realty License #01102638

Keller Williams Realty

Last Buyer's Agent

David Yashar

Keller Williams Realty License #01102638

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,743

Year Built

  • Built in 1921

Lot Details

  • 5,924 Sq Ft Lot
  • 1 Common Wall
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,692 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 5453
  • Assessor Parcel Number 5453001017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $1,850
  • Net Operating Income $14,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,743

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Property Type: Residential Income
  • Parcel Number: 5453001017
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 177.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Back Yard, 0-1 Unit/Acre
  • Lot Size Sq Ft: 5924.00
  • Lot Size Acres: 0.1360

Multi Family

  • Gross Income: 1850.00
  • Gross Scheduled Income: 22200.00
  • Lot Size Area: 5924.0000 Square Feet
  • Net Operating Income: 14800.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 617.00
  • Rent Control: No
  • Total Actual Rent: 1850.00
  • Vacancy Allowance: 6840
  • Vacancy Allowance Rate: 23.60

Tax Info

  • Tax Lot: 30
  • Tax Tract Number: 5453
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2013
Closed on
Apr 24, 2013
Sold by
Ortiz Edgar and Ortiz Elizabeth
Bought by
Sunflower Avenue Partners Llc
Seller's Agent
Jaime A. Suarez
BONA REAL ESTATE PASADENA
Buyer's Agent
David Yashar
Keller Williams Realty
List Price
$279,000
Sold Price
$300,000
Premium/Discount to List
$21,000
7.53%
Current Estimated Value
$682,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,802
Avg. Annual Appreciation
6.81%
Original Mortgage
$195,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2002
Sold by
Vasquez Filiberto T
Bought by
Ortiz Edgar and Ortiz Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 4, 1997
Sold by
Vasquez Maria J
Bought by
Vasquez Filiberto J
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sunflower Avenue Partners Llc $300,000 Wfg Title Company Of Ca
Ortiz Edgar $125,000 American Title Co
Vasquez Filiberto J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunflower Avenue Partners Llc $400,000
Closed Sunflower Avenue Partners Llc $350,000
Closed Sunflower Avenue Partners Llc $195,000
Previous Owner Ortiz Edgar $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2013 04/19/13 Sold $300,000 +7.5% $177 / Sq Ft
02/13/2013 02/13/13 Pending -- -- --
02/13/2013 02/13/13 For Sale $279,000 -- $165 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,743 $369,412 $233,963 $135,449
2024 $4,743 $362,170 $229,376 $132,794
2023 $4,657 $355,070 $224,879 $130,191
2022 $4,449 $348,109 $220,470 $127,639
2021 $4,390 $341,285 $216,148 $125,137
2020 $4,429 $337,786 $213,932 $123,854
2019 $4,264 $331,164 $209,738 $121,426
2018 $4,174 $324,672 $205,626 $119,046
2016 $3,981 $312,067 $197,643 $114,424
2015 $3,926 $307,381 $194,675 $112,706
2014 $3,943 $301,361 $190,862 $110,499
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jaime A. Suarez

    BONA REAL ESTATE PASADENA

    Section Image
  • David Yashar

    Seller Co-Listing Agent in 2013

    David Yashar

    Keller Williams Realty

    (310) 724-8066

    12 Total Sales

    David Yashar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13023482

California Regional Multiple Listing Service (CRMLS)

APN: 5453-001-017

California Los Angeles County Los Angeles 90065 Cypress Park

1202 Cypress Ave, Los Angeles, CA

This home is located at 1202 Cypress Ave, Los Angeles, CA 90065 since 22 March 2013 and is currently estimated at $682,802, approximately $403 per square foot. This property was built in 1921. 1202 Cypress Ave is a home located in Los Angeles County with nearby schools including Aragon Avenue Elementary, Florence Nightingale Middle, and Benjamin Franklin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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