CYPRESS PARK – Crowded with a jumble of old cottages and industrial buildings and laced with narrow streets and railroad tracks, Cypress Park is perhaps one of the last places you would associate with the term “master-planned community.” But just off San Fernando Road, on a large parcel near the L.A. River, a state park and the railroad tracks, Taylor Yard Village has risen from the flatlands. The master-planned community includes room for 262-earth-toned-colored apartments, most of which have been built, and retail space. Now the first of 41-single family homes are being constructed – the single, largest housing development Cypress Park has seen in decades.
The model homes of the RiverPark development are expected to open early next year, according to L.A. Urban Homes, which is building the houses. Prices for the three and four bedroom detached and paired houses with up to 2,000-square-feet of space will start in the high $500,000 range, according to a company release. Unlike the Taylor Yard Village apartments, which were leased at rates that were affordable to tenants with low and moderate incomes, the houses at RiverPark will be available to anyone and sold at market rates, according to an L.A. Urban Homes representative.
The RiverPark will homes occupy the western side of Taylor Yard Village, with a landscaped paseo and street separating the homes from the apartments. While the Metrolink tracks run behind the development, RiverPark is also adjacent to Rio de Los Angeles State Park and within walking distance to other recreational areas planned for the nearby L.A. River. The master plan for Taylor Yard Village includes room for an additional 54 homes as well as 25,000-square feet of retail space.