Description
INVESTORS/DEVELOPERS: 3-Lot Development and Investment Opportunity A prime corner property with high visibility in Cypress Park featuring three side-by-side lots with LAR1.5 zoning. This is a unique opportunity for developers, investors, and business owners looking for multi-unit development potential or a turnkey investment with existing rental income. Key Highlights: - LAR1.5 zoning, ideal for small-lot subdivisions, multi-unit developments, or a custom-built community - Three contiguous lots providing a combined footprint for development or mixed-use opportunities - Income-producing property currently operating as a party supply store, flower shop, and retail space, with a long-term tenant on a month-to-month lease - Additional business space with one unit used for ice cream bar distribution, with equipment included and sold as-is - Recently upgraded unit featuring new stainless steel sinks, updated plumbing, industrial freezer, and fresh paint with $21,000 in recent improvements - Prime location minutes from Highland Park, Frogtown, Downtown LA, Chinatown, and major medical centers - Easy freeway access near I-5, I-110, and I-2, making it convenient for business operations and commuters - Rapidly growing neighborhood with strong demand for housing, retail, and mixed-use developments Whether youre looking to redevelop, expand, or hold as an investment, this rare multi-lot opportunity in an appreciating area offers versatility and strong upside potential.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
INVESTORS/DEVELOPERS: 3-Lot Development and Investment Opportunity A prime corner property with high visibility in Cypress Park featuring three side-by-side lots with LAR1.5 zoning. This is a unique opportunity for developers, investors, and business owners looking for multi-unit development potential or a turnkey investment with existing rental income. Key Highlights: - LAR1.5 zoning, ideal for small-lot subdivisions, multi-unit developments, or a custom-built community - Three contiguous lots providing a combined footprint for development or mixed-use opportunities - Income-producing property currently operating as a party supply store, flower shop, and retail space, with a long-term tenant on a month-to-month lease - Additional business space with one unit used for ice cream bar distribution, with equipment included and sold as-is - Recently upgraded unit featuring new stainless steel sinks, updated plumbing, industrial freezer, and fresh paint with $21,000 in recent improvements - Prime location minutes from Highland Park, Frogtown, Downtown LA, Chinatown, and major medical centers - Easy freeway access near I-5, I-110, and I-2, making it convenient for business operations and commuters - Rapidly growing neighborhood with strong demand for housing, retail, and mixed-use developments Whether youre looking to redevelop, expand, or hold as an investment, this rare multi-lot opportunity in an appreciating area offers versatility and strong upside potential.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-19T19:33:03.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.