597 Cypress Ave Los Angeles, CA 90065
Cypress Park Neighborhood
2
Beds
2
Baths
2,008
Sq Ft
10,006
Sq Ft Lot
Highlights
- Craftsman Architecture
- Living Room with Fireplace
- Laundry Room
- Abraham Lincoln High School Rated A
- Front Porch
- 4 Car Garage
About This Home
As of January 2024Calling 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,291
Year Built
- Built in 1922
Lot Details
- 10,006 Sq Ft Lot
- Gated Home
- Front Yard
Home Design
- Craftsman Architecture
- Shingle Roof
Interior Spaces
- 2,008 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Auto Driveway Gate
Outdoor Features
- Front Porch
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 5446-006-001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2023
Closed on
Dec 5, 2023
Sold by
Spirit Legacy Llc
Bought by
597 Cypress Llc
Seller's Agent
Rose Garcia
The Core Agency
Buyer's Agent
Rosa Garcia
List Price
$1,474,900
Sold Price
$1,455,000
Premium/Discount to List
-$19,900
-1.35%
Views
274
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$207,133
Avg. Annual Appreciation
-4.93%
Purchase Details
Listed on
May 17, 2022
Closed on
Jun 10, 2022
Sold by
Cruz D Parra Living Trust
Bought by
Spirit Legacy Llc
Seller's Agent
Rose Garcia
The Core Agency
Buyer's Agent
Rose Garcia
The Core Agency
List Price
$989,900
Sold Price
$944,250
Premium/Discount to List
-$45,650
-4.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.41%
Purchase Details
Closed on
Jun 24, 2016
Sold by
Parra Cruz
Bought by
Parra Cruz D and Cruz D Parra Living Trust
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,455,000 | Wfg National Title | |
| Grant Deed | $944,500 | New Title Company Name | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,018,500 | New Conventional | |
| Closed | $0 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/05/2024 01/05/24 | Sold | $1,455,000 | -1.3% | $654 / Sq Ft |
| 12/01/2023 12/01/23 | Pending | -- | -- | -- |
| 11/07/2023 11/07/23 | For Sale | $1,474,900 | +56.2% | $663 / Sq Ft |
| 06/22/2022 06/22/22 | Sold | $944,250 | -4.6% | $470 / Sq Ft |
| 05/30/2022 05/30/22 | Pending | -- | -- | -- |
| 05/17/2022 05/17/22 | For Sale | $989,900 | -- | $493 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $12,291 | $982,397 | $722,297 | $260,100 |
| 2023 | $12,057 | $963,135 | $708,135 | $255,000 |
| 2022 | $1,796 | $111,408 | $81,179 | $30,229 |
| 2021 | $12,356 | $1,010,360 | $606,216 | $404,144 |
| 2020 | $1,692 | $108,106 | $78,772 | $29,334 |
| 2019 | $1,641 | $105,987 | $77,228 | $28,759 |
| 2018 | $1,465 | $103,910 | $75,714 | $28,196 |
| 2016 | $1,379 | $99,877 | $72,775 | $27,102 |
| 2015 | $1,361 | $98,377 | $71,682 | $26,695 |
| 2014 | $1,380 | $96,451 | $70,278 | $26,173 |
Source: Public Records
Agents Affiliated with this Home
-
Rose Garcia
Seller's Agent in 2024
Rose Garcia
The Core Agency
(818) 671-8891
4 in this area
93 Total Sales
-
R
Buyer's Agent in 2024
Rosa Garcia
Map
Source: The MLS
MLS Number: 22-157703
APN: 5446-006-001
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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