1120 Cypress Avenue Los Angeles CA 90065 MLS #OC25031819

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 you’re looking to redevelop, expand, or hold as an investment, this rare multi-lot opportunity in an appreciating area offers versatility and strong upside potential.