8656 La Salle Street, Cypress, CA 90630

$1,849,000
List Price
$1,849,000
Status
ACTIVE
MLS#
OC21251888
Year Built
1994
Lot Size
10,086
Acres
0.23
Lot Location
Landscaped, SprinklersTimer, SprinklerSystem, StreetLevel
Days on Market
13
Property Type
Multifamily
Style
Traditional
Stories
Two Levels
Neighborhood
Other (Othr)

Property Description

First time ever on market, this prime custom -constructed 4-yunit property is located in the City of Cypress. Rarely available in this submarket, all units feature townhome style interiors and a private yard with detached double enclosed garage. Surrounding neighborhoods are continuing to gentrify with smaller and mid-sized attractive condominium and apartment projects. This is a great investment opportunity to acquire a 90's constructed building in a diversified and vibrant submarket. Thoughtfully developed with detached double garages for each unit, forced and and A/C, private yards, (5) water meters, and (5) gas & electric meters. The property has (3) two-bedroom, 1.5 ba townhome units (Units 2-4), and (1) three-bedroom, 2.5 ba floorplan (Unit 1). The three bedroom unit has an in suite bath in the master bedroom,. The upstairs bedroom in all units feature vaulted ceilings. The pitched composition roof was replaced in 2019 along with any dry rotted eves, and the building was fumigated in 2019 as well. the property boundaries are lined with block walls. There is a concrete motor court with (5) additional off-street spaces, along with the (4) double garages. There is great value-add potential with minimal interior upgrades and the City of Cypress supporting higher overall rents.

Additional Information

Appliances
Gas Oven, Gas Range
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
View
None
Exterior Construction
Frame, Stucco, Vertical Siding
Roof
Composition
Garage Spaces Total
8
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$89,880
Operating Expense
33456

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Steven Brombal from Kidder Mathews of California, Inc

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.