UNDER CONTRACT
$75K PRICE DROP
551 W Avenue 26 Los Angeles, CA 90065
Cypress Park NeighborhoodEstimated payment $5,012/month
Total Views
10,338
3
Beds
2
Baths
1,495
Sq Ft
$535
Price per Sq Ft
Highlights
- Property is near a park
- Main Floor Bedroom
- No HOA
- Abraham Lincoln High School Rated A
- Granite Countertops
- 2-minute walk to River Garden Park
About This Home
Nicely updated 2 bed + 3/4 bath single family home (992sf, per 2019 appraisal) plus fully permitted, newly-built (2022) 1 + 1 ADU (503sf, per builder plans). Live in one, rent out the other, or rent out both!
Main house is charming vintage 1923-built with many improvements including new kitchen sink, countertops, and range, refurbished cabinets, and stainless fridge. New interior and main entry doors. New laminate plank flooring throughout. Beautiful new diffuse-light soft fabric blinds
Bathroom has new glass shower enclosure, pedestal sink, and toilet. For comfort there are new ceiling fans, A/C condensing unit, and thermostat. Outside features new gutters, new awnings over porches, new washer/dryer hook-ups with new washer outside the kitchen. Spacious patio area.
The ADU is City of LA permitted conversion of existing office building, which now features: 1 large bedroom with new mini splitter HVAC/AC and large wall closet, new full bathroom (tub/shower), new kitchenette/living room with appliances and wall A/C, new laminate flooring throughout, recessed lighting and ceiling fans. Double-paned windows. New electric water heater. Entire interior repainted 2025.
Outside the homes, a sewer cleanout was installed for shared sewer line, and there's a new electric motor for shared automatic parking gate, which provides access from side alley to 2 parking spaces, featuring shade sail sun protection. All concrete walkways/patios and exterior property wall were repainted. Impressive, towering tree had major trimming 2 years ago. Nicely maintained landscaping with lush, green, neatly-trimmed, tall privacy hedges.
Each home has individual access security gate door from sidewalk. Plentiful, free street parking along each side of the block.
Privacy inside, but many urban conveniences and amenities nearby, including Metro Gold Line station, Heritage Square Museum, L.A. River Center and Gardens, L.A. River bike path, Rio de Los Angeles State Park, Dodger Stadium, freeway access, shopping, and local eating spots.
Listing Agent
RE/MAX One Brokerage Phone: 818-720-4880 License #01307903 Listed on: 04/16/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,376
Year Built
- Built in 1923
Lot Details
- 3,300 Sq Ft Lot
- Property is zoned LARD2
Home Design
- Copper Plumbing
Interior Spaces
- 1,495 Sq Ft Home
- 1-Story Property
- Living Room
- Laminate Flooring
- Window Bars
Kitchen
- Galley Kitchen
- Granite Countertops
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Upgraded Bathroom
- Walk-in Shower
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Parking Available
- Covered Parking
- Driveway
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Patio
- Rain Gutters
Location
- Property is near a park
- Property is near public transit
Utilities
- Cooling System Powered By Gas
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 18 / 1
- Assessor Parcel Number 5446011019
- $224 per year additional tax assessments
Map
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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 |
|---|---|---|---|---|
| 2024 | $7,376 | $603,111 | $388,672 | $214,439 |
| 2023 | $7,232 | $591,286 | $381,051 | $210,235 |
| 2022 | $6,892 | $579,693 | $373,580 | $206,113 |
| 2021 | $6,806 | $568,327 | $366,255 | $202,072 |
| 2020 | $6,873 | $562,500 | $362,500 | $200,000 |
| 2019 | $2,826 | $223,030 | $166,959 | $56,071 |
| 2018 | $2,784 | $218,658 | $163,686 | $54,972 |
| 2016 | $2,598 | $210,170 | $157,331 | $52,839 |
| 2015 | $2,560 | $207,014 | $154,968 | $52,046 |
| 2014 | $2,576 | $202,960 | $151,933 | $51,027 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | Price Changed | $799,900 | -3.0% | $535 / Sq Ft |
| 05/27/2025 05/27/25 | Price Changed | $824,900 | -2.9% | $552 / Sq Ft |
| 05/14/2025 05/14/25 | Price Changed | $849,900 | -2.9% | $568 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $875,000 | -- | $585 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $562,500 | Westminster Title Company | |
| Interfamily Deed Transfer | -- | Orange Coast Title Co | |
| Grant Deed | $175,000 | Orange Coast Title Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $322,000 | New Conventional | |
| Closed | $362,500 | New Conventional | |
| Previous Owner | $437,500 | New Conventional | |
| Previous Owner | $318,500 | New Conventional | |
| Previous Owner | $328,500 | Unknown | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $250,400 | Unknown | |
| Previous Owner | $62,600 | Stand Alone Second | |
| Previous Owner | $35,000 | Stand Alone Second | |
| Previous Owner | $172,296 | FHA |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25082316
APN: 5446-011-019
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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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