$1,950,000
4891 Grace Avenue Cypress, CA 90630
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$1,950,000
Est. payment /mo
8 Beds
6 Baths
7,405 Sqft Lot
UPDATED:
07/31/2024 01:55 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24128885
Bedrooms 8
HOA Y/N No
Lot Size 7,405 Sqft
Property Description
Diversify your investment portfolio 5.5% Cap Rate!!! Seize this exceptional opportunity before it's gone! This property offers market rents and comprises a single-family house paired with an attached Duplex, complete with separate garages. Situated on a corner lot spanning approximately 7,405 square feet, it's a haven for astute investors seeking versatility and value. The duplex boasts a total living space of approximately 3,362 square feet, with both the original Single Family Residence (SFR) and the secondary dwelling equipped with their own HVAC systems, ensuring optimal comfort for occupants. The SFR, nestled on Grace Ave, features three bedrooms and two bathrooms. Meanwhile, the secondary dwelling offers flexibility with a three-bedroom, two-bathroom unit and a separate two-bedroom, one-bathroom unit. Each residence boasts its own separate garage or secure gated carport, providing convenient parking options. Inside, both residences feature laundry hookups, enhancing their appeal and practicality. The SFR on Grace Ave spans approximately 1,120 square feet, while the dwelling on La Salle encompasses approximately 1,106 square feet on the first level and 1,125 square feet on the second level. Privacy and functionality are paramount, with the home on Grace Ave thoughtfully separated from the secondary dwelling by two meticulously finished garages, adorned with drywall, showcasing meticulous attention to detail throughout the property. Outside, the exterior landscape offers an inviting and low-maintenance setting, enhancing curb appeal while minimizing upkeep requirements.
Diversify your investment portfolio 5.5% Cap Rate!!! Seize this exceptional opportunity before it's gone! This property offers market rents and comprises a single-family house paired with an attached Duplex, complete with separate garages. Situated on a corner lot spanning approximately 7,405 square feet, it's a haven for astute investors seeking versatility and value. The duplex boasts a total living space of approximately 3,362 square feet, with both the original Single Family Residence (SFR) and the secondary dwelling equipped with their own HVAC systems, ensuring optimal comfort for occupants. The SFR, nestled on Grace Ave, features three bedrooms and two bathrooms. Meanwhile, the secondary dwelling offers flexibility with a three-bedroom, two-bathroom unit and a separate two-bedroom, one-bathroom unit. Each residence boasts its own separate garage or secure gated carport, providing convenient parking options. Inside, both residences feature laundry hookups, enhancing their appeal and practicality. The SFR on Grace Ave spans approximately 1,120 square feet, while the dwelling on La Salle encompasses approximately 1,106 square feet on the first level and 1,125 square feet on the second level. Privacy and functionality are paramount, with the home on Grace Ave thoughtfully separated from the secondary dwelling by two meticulously finished garages, adorned with drywall, showcasing meticulous attention to detail throughout the property. Outside, the exterior landscape offers an inviting and low-maintenance setting, enhancing curb appeal while minimizing upkeep requirements. Moreover, the property is fully equipped with two electric meters, two gas meters, and two water meters, ensuring personalized utility tracking for each residence on Grace Ave and La Salle. Don't miss out on this exceptional investment opportunity! Contact us today to discover more and secure your future in Cypress real estate.
Diversify your investment portfolio 5.5% Cap Rate!!! Seize this exceptional opportunity before it's gone! This property offers market rents and comprises a single-family house paired with an attached Duplex, complete with separate garages. Situated on a corner lot spanning approximately 7,405 square feet, it's a haven for astute investors seeking versatility and value. The duplex boasts a total living space of approximately 3,362 square feet, with both the original Single Family Residence (SFR) and the secondary dwelling equipped with their own HVAC systems, ensuring optimal comfort for occupants. The SFR, nestled on Grace Ave, features three bedrooms and two bathrooms. Meanwhile, the secondary dwelling offers flexibility with a three-bedroom, two-bathroom unit and a separate two-bedroom, one-bathroom unit. Each residence boasts its own separate garage or secure gated carport, providing convenient parking options. Inside, both residences feature laundry hookups, enhancing their appeal and practicality. The SFR on Grace Ave spans approximately 1,120 square feet, while the dwelling on La Salle encompasses approximately 1,106 square feet on the first level and 1,125 square feet on the second level. Privacy and functionality are paramount, with the home on Grace Ave thoughtfully separated from the secondary dwelling by two meticulously finished garages, adorned with drywall, showcasing meticulous attention to detail throughout the property. Outside, the exterior landscape offers an inviting and low-maintenance setting, enhancing curb appeal while minimizing upkeep requirements. Moreover, the property is fully equipped with two electric meters, two gas meters, and two water meters, ensuring personalized utility tracking for each residence on Grace Ave and La Salle. Don't miss out on this exceptional investment opportunity! Contact us today to discover more and secure your future in Cypress real estate.
Location
State CA
County Orange
Area Oc - Cypress (90630)
Zoning Assessor
Interior
Cooling Central Forced Air
Appliance Forced Air Unit
Exterior
Garage Unit1:Assigned
Building
Lot Description Corner Lot, Curbs
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $43
Acceptable Financing Exchange
Space Rent $3,400
Listing Terms Exchange
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Listed by Shelly Kay Hilliard • Coldwell Banker Realty