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4891 Grace Avenue

Cypress, CA 90630

– beds
– baths
– sqft
7,405 sqft lot
1945 build
– on site

Diversify your investment portfolio 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.

Listed By CRMLS_CA / Shelly Kay Hilliard / Coldwell Banker Realty / 714-580-4500

Last checked: Checking… • Last updated Apr 22, 2024 •

MLS# OC24062619 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1945
Year Built Source:

Assessor
New Construction:

No
Architectural Style:

Cottage
Roof:

Shingle
Exterior Features:

Rain Gutters
Entry Level:

1
Foundation:

Combination
Common Walls:

1 Common Wall, End Unit
Number With Patio:

10
Building Area Total:

3563.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

3
Stories Total:

1
# of Separate Gas Meters:

2
# of Separate Water Meters:

2
# of Separate Electric Meters:

2

Interior

Features:

Ceiling Fan(s), Open Floorplan
Levels:

One, Two
Entry Location:

1 floor
Flooring:

Carpet, Laminate, Tile
Fireplace:

No
Fireplace:

None
Laundry:

Gas & Electric Dryer Hookup, In Garage, In Kitchen
Laundry:

1

Location

Directions:

Nearest Cross Streets Moody and Crescent.
Latitude:

33.83748600
Longitude:

-118.04751900

The Property

Property Type:

Residential Income
Subtype:

Triplex
Property Condition:

Turnkey
Lot Features:

0-1 Unit/Acre, Corner Lot
Lot Size Area:

7405.0000
Lot Size Acres:

0.1700
Lot Size SqFt:

7405.00
Lot Size Source:

Assessor
View:

None
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

B
Tax Census Tract:

1101.11
Tax Tract:

489
Tax Lot:

14

The Listing

Buyer's Brokerage Compensation:

2.000%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2
Parcel Number:

26231204
Showings Begin:

2024-04-01

Heating & Cooling

Heating:

1
Heating:

Central, Forced Air
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Gas & Electric Range
Included:

Yes

The Community

Subdivision:

Other (OTHR)
Subdivision:

n/a
Senior Community:

No
Features:

Curbs, Street Lights
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

9.00
Garage Spaces:

4.00
Uncovered Spaces:

3.00
Carport Spaces:

2.00

Extra Units

Number With Carpet:

3
Number With Disposal:

3
Number With Dishwasher:

3
Number With Refrigerator:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/22/24 Apr 22, 2024	Price Changed	CRMLS_CA	$1,899,000	-2.6%
4/1/24 Apr 1, 2024	Listed / Active	CRMLS_CA	$1,949,000	36.3% (16.0% / YR)
12/27/21 Dec 27, 2021		CRMLS_CA	$1,430,000	-3.1%

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This multifamily located in Cypress, CA 90630 is currently for sale for $1,899,000. 4891 Grace Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 28 days. This multifamily is in the attendance area of Clara J. King Elementary School, John F. Kennedy High School, and Walker Junior High School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 19:32 on Apr 29.

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.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.