4891 Grace Avenue Cypress, CA $ 1,899,000
4891 Grace Avenue
$ 1,899,000
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4891 Grace Avenue

Cypress, CA, 90630
$ 1,899,000
Bedrooms8 Baths4.0 Sq 3,563

Monthly Estimate*

$ 12,621

Listed by Coldwell Banker Realty
4891 Grace Avenue, Cypress, CA 90630 - Image 1
4891 Grace Avenue, Cypress, CA 90630 - Image 2
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4891 Grace Avenue, Cypress, CA 90630 - Image 4
4891 Grace Avenue, Cypress, CA 90630 - Image 5
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4891 Grace Avenue, Cypress, CA 90630 - Image 8
4891 Grace Avenue, Cypress, CA 90630 - Image 9
4891 Grace Avenue, Cypress, CA 90630 - Image 10
4891 Grace Avenue, Cypress, CA 90630 - Image 11
4891 Grace Avenue, Cypress, CA 90630 - Image 12
4891 Grace Avenue, Cypress, CA 90630 - Image 13
4891 Grace Avenue, Cypress, CA 90630 - Image 14
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4891 Grace Avenue, Cypress, CA 90630 - Image 17
4891 Grace Avenue, Cypress, CA 90630 - Image 18
4891 Grace Avenue, Cypress, CA 90630 - Image 19

Multi-Family Home for sale in Cypress, CA

for $1,899,000 with 8 bedrooms and 4 full baths. This 3,563 square foot home was built in 1945 on a lot size of 0.17.

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.

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Multi-Family Active

Price

$ 1,899,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Cottage

Lot Size

0.17

Year Built

1945

Town/City

Cypress

County/Region

Orange

MLS | Web ID

OC24062619

Days on Market

72

Features
General
Interior Features CeilingFans OpenFloorplan
Sewer PublicSewer
Heating Central ForcedAir
Cooling CentralAir
Utilities CableAvailable ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Shingle
Appliances ElectricRange GasRange
Exterior Features RainGutters
HOA 0.0
Garage Spaces 4.0
Architectural Style Cottage
Pool Features None
Year Built 1945
Tenant Pays CableTV Electricity Gas
View None
Stories 1
Levels One Two
Property SubType Triplex
Gross Income 116400.0
Community Features Curbs StreetLights
County Orange
Net Operating Income 85840.0
Operating Expense 30560.0
Insurance Expense 3600.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Tenant occupied- do not disturb Call Shelly Hilliard for details- Interior inspection with accepted offer.
Subdivision Name n/a
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Nearest Cross Streets Moody and Crescent.
City Cypress
Entry Location 1 floor
View Y/N N
Senior Community Y/N N
Open Parking Spaces 3.0
NumberOfUnitsTotal 3
MLS Area 80 - Cypress North of Katella
Lot Size Units SquareFeet
Lot Size Square Feet 7405.0
Private Pool N
Waterfront Y/N N
Carport Spaces 2.0
Carport Y/N Y
Street Name Grace
Listing Terms Item1031Exchange
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Current Financing Conventional
Fuel Expense 1200.0
Property Condition Turnkey
Trash Expense 360.0
Water Sewer Expense 3000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 60
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 14
Property Sub Type Additional Triplex
Expected Active Date 2024-04-01
Taxes 19000.0
Cap Rate 5.0
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Interior
Flooring Carpet Laminate Tile
Fireplace Features None
Total Stories 1
Common Walls Item1CommonWall EndUnit
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features ElectricDryerHookup GasDryerHookup InGarage InKitchen
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features Assigned
Lot Features Item01UnitAcre CornerLot
Water Source Public
Total Parking 9.0
Lot Size Area 7405.0
Foundation Details Combination
Number of Buildings 1
Spa N
Building Area Total 3563.0
Street Suffix Avenue
Lot Size Acres 0.17
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4891
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* Excluded Features
List By
Coldwell Banker Realty

Broker

(714) 580-4500

Phone

Affordability Calculator

$12,621
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,621
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2024$1,899,000 -2.57% Price Down
4/1/2024$1,949,000 Listed Price

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4891 Grace Avenue, Cypress, CA, 90630 is a Multi-Family Home for sale at $1,899,000 with 3,563 sqft and a lot size of 0.17. 4891 Grace Avenue has 8 bedrooms, 4.0 baths, and was built in 1945. The property's zip code is 90630 which is in Cypress, CA