Cypress Park (CYPK) Homes with Multi Level Stories

Cypress Park (CYPK) Homes with Multi Level Stories

Welcome to Cypress Park (CYPK), a hidden gem nestled in the heart of Los Angeles, California. This vibrant neighborhood is characterized by its rich cultural heritage, stunning views, and a perfect blend of urban living and suburban charm. Just a stone's throw from the bustling downtown area, Cypress Park offers residents a unique opportunity to enjoy the best of both worlds: the excitement of city life coupled with the tranquility of a close-knit community.

Cypress Park is known for its diverse architecture, and one of the most captivating features of this area is its multi-level homes. These stunning residences often showcase a variety of design styles, from modern contemporary to classic craftsman, each with its own unique flair. With multiple stories, these homes not only provide ample living space but also offer breathtaking views of the surrounding hills and the iconic Los Angeles skyline. Imagine waking up to the soft glow of the sunrise or enjoying a sunset barbecue on your private balcony—Cypress Park makes these dreams a reality.

In addition to its beautiful homes, Cypress Park is surrounded by lush parks, vibrant art scenes, and a plethora of local shops and eateries. Residents can take advantage of the nearby hiking trails, community events, and the warm, welcoming spirit that defines this neighborhood. Whether you’re a first-time homebuyer or looking to invest in a multi-level property, Cypress Park is the perfect place to call home. Explore the possibilities and discover the charm of this enchanting Los Angeles community today!

Newest Cypress Park (CYPK) Homes with Multi Level Stories

$1,039,999
5 Beds ⋅ 4 Baths ⋅ TR26147224 MLS ⋅ Active Status
Modern Multi-Family with Fully Permitted ADU — Prime Cypress Park Location PRICE IMPROVEMENT! Modern Multi-Family Retreat featuring a fully permitted, brand-new 2-story ADU with Certificate of Occupancy already issued — a rare legal, lender-friendly income unit in the heart of Los Angeles. This fully renovated property offers stylish, flexible living spaces with outstanding functionality. The front residence features 2 spacious bedrooms and 1 updated bathroom with recessed lighting, dual-pane windows, and contemporary finishes throughout — move-in ready from day one. The ADU stands out as one of the few fully permitted, COO-issued units in the area — no permits to chase, no gray area for lenders. Live in one unit and rent the others, or maximize your investment with three streams of rental income. All units are now available and ready for immediate occupancy — both the front residence and the ADU are move-in ready. Rounded out by in-unit laundry, central cooling, a 3-car detached garage, and a prime Cypress Park location with easy freeway access. Seller is motivated — bring your offer today!

210 Amabel Street, Los Angeles
$6,450,000
52 Beds ⋅ 29 Baths ⋅ 26844469 MLS ⋅ Active Status
We are pleased to present the opportunity to acquire 3401-3405 N. Figueroa Street, a rare mixed use asset located in the highly sought after Cypress Park neighborhood of Los Angeles. Offered for sale for the first time since its development, the property consists of a 26 unit apartment community and two commercial spaces situated across two separate parcels, providing investors with operational flexibility and future value enhancement potential. The asset is being offered at $248,077 per unit and $319 per square foot, representing an attractive 10.37 GRM and 5.47% capitalization rate on current operations. Constructed in 1988, the residential component features an attractive unit mix of one (1) 1 Bedroom/1 Bathroom unit, twenty two (22) 2 Bedroom/1 Bathroom units, two (2) 2 Bedroom/2 Bathroom units, and one (1) 3 Bedroom/2 Bathroom unit. The commercial component includes a restaurant space and an additional commercial suite that is currently vacant, creating an immediate lease up opportunity for a new owner. The property contains approximately 20,188 rentable square feet on a 25,045 square foot LARD2 zoned lot and benefits from two separate APNs, offering potential ownership, financing, or disposition flexibility. Additionally, the asset provides 52 parking spaces, giving each residential unit one tandem parking space. A key investment highlight is the property's 1980s construction, exempting the residential units from the City of Los Angeles Rent Stabilization Ordinance (RSO). Instead, the property is subject only to California's statewide rent control regulations under AB 1482, allowing ownership to increase rents annually by up to 5% plus CPI, subject to state guidelines. Combined with approximately 27% rental upside, a desirable unit mix, and diversified mixed use income, the offering presents an attractive opportunity for investors seeking long term growth and stable cash flow. Ideally located along the N. Figueroa Street corridor, the property is adjacent to Florence Nightingale Middle School and near a growing collection of restaurants, cafes, retail destinations, and neighborhood amenities. Cypress Park continues to experience strong demand driven by ongoing revitalization, limited supply, and increasing interest from both residents and businesses, making opportunities of this scale and quality increasingly rare.

3405 N Figueroa Street, Los Angeles
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.