3304 Pepper Avenue, Los Angeles, California 90065, Los Angeles, 90065 - bed, bath

3304 Pepper Avenue, Los Angeles, California 90065 home-pic-0
ACTIVE$895,000
3304 Pepper Avenue, Los Angeles, California 90065
0Bed
0Bath
7,632Sqft
5,621Lot
Year Built
1914
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$117
HOA
-
Days on market
-
Sold On
-
MLS number
PW25178148
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros.

Discover an incredible investment opportunity in the heart of vibrant Cypress Park! This versatile property features two commercial units at street level, perfect for retail, office, or creative space, offering excellent visibility and foot traffic along Cypress Ave. Above the commercial spaces, you’ll find five residential apartments. The apartments boast a mix of layouts and size. Located in the highly sought-after Cypress Park neighborhood, this property benefits from a thriving local community and proximity to some of Los Angeles’ most exciting attractions. Just minutes away, enjoy the eclectic shops, trendy cafés, and popular eateries of Highland Park, Frogtown, and Glassell Park. Outdoor enthusiasts will love the nearby Los Angeles River Bike Path and access to sprawling parks like Elysian Park and Rio de Los Angeles State Park. With a unique blend of historic charm and a rapidly emerging cultural scene, Cypress Park is quickly becoming one of the city’s most desirable places to live, work, and play. With easy access to major freeways, public transportation, and a steady influx of creative professionals and young families, this multi-use property is ideally positioned to capitalize on the area’s continued growth. A rare find with significant income potential, this is a must-see for savvy investors looking to secure a cornerstone in one of Los Angeles’ most dynamic neighborhoods!

Nearby schools

2/10
Aragon Avenue Elementary School
Public,K-50.3mi
4/10
Loreto Street Elementary School
Public,K-50.5mi
2/10
Hillside Elementary School
Public,K-50.7mi
7/10
Dorris Place Elementary School
Public,K-60.9mi
4/10
Glassell Park Elementary School
Public,K-61.2mi
3/10
Albion Street Elementary School
Public,K-61.5mi
5/10
Florence Nightingale Middle School
Public,6-80.4mi
6/10
Irving STEAM Magnet
Public,6-82.1mi
5/10
Abraham Lincoln Senior High School
Public,9-121.6mi

Price History

Date
Event
Price
08/07/25
Listing
$895,000
Condition Rating
Poor

The property was built in 1914, making it over 100 years old. The provided images only show the exterior, which appears significantly aged with faded paint and a dated overall look, suggesting a lack of recent major renovations. There are no interior photos or descriptions of the residential apartments' kitchens, bathrooms, flooring, appliances, or systems (HVAC, electrical, plumbing). For a building of this age with no visible or stated updates, it is highly probable that the interior components, especially kitchens and bathrooms, are severely outdated, if not in disrepair, and would require substantial repairs and rehabilitation to meet modern living standards. The lack of interior images often indicates that the interior condition is not a selling point and likely requires significant investment.
Pros & Cons

Pros

Diversified Income Streams: The property features two commercial units at street level and five residential apartments, providing multiple revenue channels and mitigating investment risk through diversified income.
Strategic Location & Neighborhood Growth: Located in the 'highly sought-after Cypress Park' neighborhood, benefiting from a 'rapidly emerging cultural scene' and 'continued growth,' attracting a steady influx of creative professionals and young families.
High Visibility & Accessibility: Commercial units offer 'excellent visibility and foot traffic along Cypress Ave,' while the overall property provides 'easy access to major freeways and public transportation,' enhancing appeal for both businesses and residents.
Proximity to Amenities & Lifestyle: Minutes away from eclectic shops, trendy cafés, and popular eateries in Highland Park, Frogtown, and Glassell Park, along with access to the LA River Bike Path and sprawling parks, significantly boosts tenant desirability.
Significant Investment & Value-Add Potential: Positioned as an 'incredible investment opportunity' with 'significant income potential,' suggesting room for increased returns through strategic management, renovations, or rent optimization.

Cons

Historic Property Age (1914): Built in 1914, the property is over a century old, likely requiring substantial capital expenditure for system upgrades (plumbing, electrical, HVAC), structural repairs, and modernization to meet current standards and tenant expectations.
Potential for Deferred Maintenance: Given its age, the property may have accumulated significant deferred maintenance, necessitating immediate and ongoing investment to ensure habitability and operational efficiency across all seven units.
Complex Management Requirements: Managing a mixed-use property with two commercial and five residential units demands specialized knowledge and increased effort in tenant relations, lease management, and maintenance, potentially requiring professional property management.

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