Skip To Content

8656 La Salle Street

Cypress, CA 90630
  • $1,849,000
  • STATUS: Active Under Contract
  • ON SITE: 19 Days
  • ID#: OC21251888
Under Contract
$1,849,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1994
County:

School Ratings & Info

Listing Agent: Steven Brombal of Kidder Mathews Of California, Inc and Joshua Rhee of Kidder Mathews Of California, Inc


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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T00:26:55.663. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123401172
Print Image

8656 La Salle Street Cypress, CA 90630

  • Price: $1,849,000
  • Status: Active Under Contract
  • On Site: 19 Days
  • ID#: OC21251888
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1994
Built
Neighborhood:
Other (Othr)
County:
Orange
Area:
80 - Cypress North of Katella
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.
Exterior Features

Architectural Style Traditional Carport Spaces 0 Construction Materials FrameStuccoVertical Siding Foundation Details Slab Lot Features LandscapedSprinklers TimerSprinkler SystemStreet Level Number Of Separate Electric Meters 5 Open Parking Spaces 5 Parking Features AssignedDoor-MultiGarageGarage Door Opener Parking Total 13 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas OvenGas Range Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Central Heating YN Yes Interior Features High CeilingsOpen FloorplanUnfurnishedAll Bedrooms Up

Property Features

Additional Parcels YN No Common Interest None Community Features SuburbanUrban Current Financing None Disclosures Rent Control Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 7490 Gross Scheduled Income 89880 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 54448 New Construction YN No New Taxes Expense 20353 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Operating Expense 33456 Possession Close Of Escrow Property Condition Turnkey Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasOther Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T00:26:55.663. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367587845-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367587845-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367587845-1.jpg
Logo
The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Steven Brombal of Kidder Mathews Of California, Inc and Joshua Rhee of Kidder Mathews Of California, Inc