4891 Grace Avenue, Cypress, CA 90630 - MLS#OC24128885

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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$1,950,000

Est. payment - /mo

8 Beds

6 Baths

7,405 Sqft Lot

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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.

Location

State CA

County Orange

Area Oc - Cypress (90630)

Zoning Assessor

Interior

Cooling Central Forced Air

Appliance Forced Air Unit

Exterior

Parking Features 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

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452