$1,455,000
SOLD JAN 5, 2024
6 Beds
4 Baths
2,224 Sq Ft
10,009 Sq Ft Lot

Recently Sold

$654 Per Sq Ft

1% Below List Price

24 Days on Market

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Corner Lot
  • Abraham Lincoln High School Rated A
  • Fireplace in Primary Bedroom
  • Quartz Countertops

About This Home

As of January 2024

Welcome to a rare completely updated VACANT fully permitted 3 bed 2 bath (each) duplex opportunity poised at the scenic base of Mt Washington in the highly sought-after, trending Cypress Park neighborhood. This invitation extends to investors and eager owner-users ready to embrace a lifestyle where luxury meets income potential. Enveloped within a generous 10,000+ sq foot corner lot, the property showcases two nearly identical, side-by-side units, each a spacious 3 bedroom, 2 bathroom home, meticulously renovated with an eye for style and modern convenience. The front yard, mature and inviting, sets the stage for the elegance within. The open floor plan, flooded with natural light, romantic fireplace, facilitates a graceful flow from the expansive living area to the dining space, ready to accommodate gatherings large and small. The kitchens stand as a testament to thoughtful design, featuring quartz countertops, custom backsplashes, and center islands that provide not just ample space for culinary pursuits but also house a built-in wine fridge along w/ new stainless steel appliances. A nod to the connoisseur's taste. Gold fixtures gleam against the shaker cabinets, resonating with the sophistication of the door handles and kitchen hardware, creating a cohesive and luxurious aesthetic. The bathrooms boast custom designer tiles, new vanities, and modern fixtures with gold accents that complement the kitchens' upscale ambiance. Bedrooms offer a sanctuary of calm, with generous proportions and abundant closet space. Both units boast impressive primary suites w/ access via sliding door to the outdoor space. Attention to detail is evident throughout, with new flooring, windows, recessed lighting, and a fresh coat of paint both inside and out. The practical updates are comprehensive, including modern electrical/plumbing systems, a newer sewer line, air conditioning units, and a well-maintained roof. The corner lot's potential is as expansive as its grounds, with plenty of parking and space to introduce an Accessory Dwelling Unit (ADU) for added income. The sizable outdoor areas invite the possibility of terraced gardens and private entertainment spaces, complemented by the mature landscaping. Located in the vibrant heart of northeast LA, the duplex promises a lifestyle of convenience and elegance. With the latest updates, including the coveted kitchen islands and the luxurious touch of gold fixtures, this property is poised to command a high rental yield. This investment is not just a property; it's a lifestyle choice, a chance to establish a sophisticated home in one of LA's most dynamic communities. Perfect for both first-time buyers and seasoned investors, this duplex represents a significant value-add and equity opportunity. Act now, as this exquisitely re-imagined property is set to be a sought-after jewel in Cypress Park. Walk-able to restaurants, bars, & a stones throw to Highland Park & DTLA. Quintessential NELA living at its finest.

Last Agent to Sell the Property

Rose Garcia

The Core Agency License #01373253 Listed on: 11/07/2023

Last Buyer's Agent

Rosa Garcia

License #01373253

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,291

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 10,009 Sq Ft Lot
  • Fenced Yard
  • Gated Home
  • Corner Lot
  • Front Yard

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Home Design

  • Bungalow
  • Turnkey

Interior Spaces

  • 2,224 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Living Room with Fireplace
  • Dining Area
  • Laundry Room
  • Property Views

Kitchen

  • <<convectionOvenToken>>
  • Range<<rangeHoodToken>>
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 4 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Tankless Water Heater

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5446-006-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,291

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Building Permit: Yes
  • Exclusions: Staging furniture & security cameras.
  • Living Area: 2224
  • Lot Acreage: 0.2298
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Year Built: 1922
  • Number Of Photos: 65
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Interior Amenities: Open Floor Plan, Recessed Lighting, Turnkey
  • Fireplace Rooms: Bath, Master Bedroom, Master Retreat, Living Room, Kitchen
  • Appliances: Convection Oven, Range Hood, Range
  • Bedrooms: 6
  • Bedroom Features: Master Bedroom, Master Retreat, Master Suite
  • Common Walls: Attached
  • Bathroom Features: Remodeled
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Counter Top, Island, Remodeled, Quartz Counters
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Garbage Disposal, Dishwasher, Range/Oven
  • Inclusions: Existing appliances.
  • Price Per S Q F T: 663.17

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 6
  • Garage Structures: 1
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 8

Utilities

  • Water Heater: Tankless
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 26.48
  • Assessed Improvement Value: 255000
  • Assessed Land Percent: 73.52
  • Assessed Land Value: 708135
  • Total Assessed Value: 963135
  • Assessor Parcel Number: 5446-006-001
  • Lot Description: Fenced Yard, Fenced, Front Yard, Yard
  • Lot Location: Corner Lot
  • Lot Size Area: 10009

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 0

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
$1,247,867

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
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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
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

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Map

Source: The MLS

MLS Number: 23-329673

The MLS

APN: 5446-006-001