635 W Avenue 28 Los Angeles, CA 90065
Cypress Park NeighborhoodEstimated payment $5,248/month
Highlights
- Property is near a park
- No HOA
- Park
- Abraham Lincoln High School Rated A
- Cooling System Mounted To A Wall/Window
- Laundry Room
About This Home
Investment Gem or Owner-User Dream: Charming Triplex in Vibrant Cypress Park
Priced to sell quickly! Discover a prime opportunity in Cypress Park with this charming triplex, built in 1923. It's ideal for savvy investors or owner-users looking to offset their mortgage with rental income. This property features 4 bedrooms and 3 bathrooms across 1,368 sq ft of living space on a 2,426 sq ft lot.
The property contains one spacious 2-bedroom, 1-bathroom unit and two 1-bedroom, 1-bathroom units. Each 1-bedroom unit includes in-unit laundry hook-ups, and the property has three separate gas meters and three separate electric meters (one shared water meter).
Nestled in a rapidly appreciating Northeast Los Angeles community and best of all Dodger Stadium... 635 West Avenue 28 offers unparalleled access to local amenities. Enjoy the vibrant Figueroa Corridor with its eateries and boutiques, and outdoor recreation at the Los Angeles River Greenway and Elyria Canyon Park. Commuting is easy with swift access to major freeways (I-5, I-110, I-2). With a Walk Score of 77 ("Very Walkable"), daily errands are a breeze.
This Cypress Park triplex is a compelling investment or a smart owner-user option, offering a fantastic blend of income potential, desirable location, and versatile living spaces. Don't miss out on this valuable asset in a thriving Los Angeles community.
Showings by appointment only. Please do not disturb tenants.
The information in this listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Brokers and agents assume no responsibility for typographical errors, misprints or misinformation.
Listing Agent
Kase Real Estate Brokerage Phone: 626-383-2567 License #02063797 Listed on: 06/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,634
Year Built
- Built in 1923
Lot Details
- 2,427 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 1,368 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Gas Range
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Parking
- Parking Available
- Off-Street Parking
Outdoor Features
- Exterior Lighting
Location
- Property is near a park
- Property is near public transit
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 22
- Tax Tract Number 3920
- Assessor Parcel Number 5453013021
- $269 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Recreation
- Park
- Bike Trail
Building Details
- Rent Control
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,621
- Insurance Expense $1,535
- Maintenance Expense $638
- Other Expense $321
- Pest Control $300
- Water Sewer Expense $1,621
- New Taxes Expense $4,317
- Operating Expense $10,353
- Net Operating Income $37,329
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,634 | $711,008 | $461,625 | $249,383 |
| 2024 | $8,634 | $697,068 | $452,574 | $244,494 |
| 2023 | $8,466 | $683,400 | $443,700 | $239,700 |
| 2022 | $8,069 | $670,000 | $435,000 | $235,000 |
| 2021 | $4,312 | $345,821 | $242,076 | $103,745 |
| 2020 | $4,352 | $342,276 | $239,594 | $102,682 |
| 2019 | $4,183 | $335,566 | $234,897 | $100,669 |
| 2018 | $4,143 | $328,988 | $230,292 | $98,696 |
| 2016 | $3,951 | $316,214 | $221,350 | $94,864 |
| 2015 | $3,895 | $311,466 | $218,026 | $93,440 |
| 2014 | $3,924 | $305,366 | $213,756 | $91,610 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2021 12/20/21 | Sold | $670,000 | -0.7% | $490 / Sq Ft |
| 09/21/2021 09/21/21 | Price Changed | $675,000 | -3.4% | $493 / Sq Ft |
| 09/01/2021 09/01/21 | For Sale | $699,000 | -- | $511 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $670,000 | Lawyers Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | Lawyers Title Sd | |
| Interfamily Deed Transfer | -- | Lawyers Title Sd | |
| Grant Deed | -- | None Available | |
| Grant Deed | $290,000 | Advantage Title Inc | |
| Grant Deed | $160,000 | Servicelink | |
| Trustee Deed | $431,821 | None Available | |
| Interfamily Deed Transfer | -- | Security Union Title | |
| Grant Deed | $469,000 | Gateway | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Quit Claim Deed | -- | Security Union Title | |
| Grant Deed | $360,000 | Security Union Title | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | Security Union Title | |
| Grant Deed | -- | Security Union Title | |
| Interfamily Deed Transfer | -- | Lawyers Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $502,500 | New Conventional | |
| Previous Owner | $283,000 | New Conventional | |
| Previous Owner | $284,747 | FHA | |
| Previous Owner | $500,000 | New Conventional | |
| Previous Owner | $375,200 | Fannie Mae Freddie Mac | |
| Previous Owner | $324,000 | Purchase Money Mortgage | |
| Previous Owner | $174,750 | No Value Available | |
| Previous Owner | $103,000 | No Value Available | |
| Closed | $0 | Balloon |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25125836
APN: 5453-013-021
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.
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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